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Supreme Court Dismisses Appeal by Erstwhile Directors in First Insolvency Case, Holding IBC Overrides State Moratorium. Corporate Debtor's Belated Defence of Non-Disbursal Under Master Restructuring Agreement Rejected as After-Thought.

The case arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The appellant, a multi-product company, faced ...

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Supreme Court examines legality of appointing persons with criminal background as Ministers. Interpretation of Articles 75 and 164 of the Constitution to uphold democratic integrity and combat criminalisation of politics.

The present writ petition under Article 32 of the Constitution was filed as a public interest litigation by the petitioner, Manoj Narula, challenging ...

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Supreme Court Upholds NCLAT Order in Insolvency Resolution Plan Approval Under Insolvency and Bankruptcy Code, 2016. Resolution Plan Found Compliant with Section 30(2) and Binding on All Stakeholders Despite Pending Creditor Claim Challenges.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016, against a judgment dated 4 January 2021 of the National Company Law App...

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Bombay High Court Dismisses Revenue Appeal in Income Tax Case, Holds Compensation for Loss of Agency as Capital Receipt. Amount received by assessee for giving up right to use trade mark and resigning as director is capital receipt not taxable under Section 2(24) and Section 4 of Income Tax Act, 1961.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal allowing the appeal of the assess...

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Supreme Court Upholds BCCI's Amenability to Writ Jurisdiction and Applies Public Law Principles to Direct Structural Reforms. Lodha Committee Recommendations for Amending BCCI's Memorandum of Association and Rules to Prevent Conflict of Interest and Ensure Transparency Considered.

The Supreme Court of India, in a sequel to its earlier order dated 22 January 2015 in BCCI v. Cricket Association of Bihar, considered the report and ...

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Karnataka High Court Pronounces Final Order in Writ Petition Challenging Minutes of Committee of Creditors Meeting under IBC, 2016. Key Issue Involved Adequacy of Notice under Section 24 and Natural Justice in Approval of Resolution Plan.

The writ petitioner, a suspended director of Associate Decor Limited (a company under corporate insolvency resolution process), challenged the minutes...

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Bombay High Court Dismisses Writ Petition of Agricultural Societies Challenging Licence Cancellation Under Maharashtra APMC Act. Societies Failed to Establish Market Yard Despite Show-Cause Notice and Opportunity of Hearing.

The petitioners, fourteen agricultural produce societies, filed a writ petition challenging the cancellation of their licences under the Maharashtra A...