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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Bombay High Court Sanctions Scheme of Arrangement for Cairn India Limited with Foreign Subsidiaries Under Sections 391 and 394 of the Companies Act, 1956. The court approved the transfer of Indian undertakings from four foreign subsidiaries to the Indian listed company to simplify corporate structure.

The petitioner, Cairn India Limited, a company incorporated under the Companies Act, 1956 and listed on Indian stock exchanges, filed a petition under...

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Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...

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Writ Appeals Filed by Upa-Lokayukta Against Dismissal of Writ Petition Challenging Communication Under Karnataka Lokayukta Act, 1984 – Single Judge Held Petition Not Maintainable

The appellant, Justice Subhash B. Adi, is the incumbent Upa-Lokayukta of Karnataka, appointed in 2013 under the Karnataka Lokayukta Act, 1984. On 27 N...

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Supreme Court Clarifies Scope of Merger Control Disclosure Obligations and Limits of CCI's Powers After Approval. The Court Emphasizes That CCI's Authority Must Be Traced to the Act and That Disclosure Must Present the Transaction in Substance.

The case arises from an appeal under Section 53T of the Competition Act, 2002, filed by Amazon.com NV Investment Holdings LLC before the Supreme Court...

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Supreme Court Issues Notice to Advocate-on-Record and Senior Advocate for Suppression of Facts in Criminal Appeal. Court Considers Need for Code of Conduct for Advocates-on-Record and Reconsideration of Indira Jaising Decisions.

The Supreme Court was hearing a criminal appeal arising from a Special Leave Petition filed by a convict who had been sentenced to 30 years imprisonme...

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Bombay High Court Dismisses Appeal Against Company Law Board Order in Share Transfer Dispute. Court upholds CLB's refusal to condone delay in filing application for rectification of register of members under Section 155 of Companies Act, 1956.

The appeal arose from an order of the Company Law Board (CLB) dismissing an application for condonation of delay in filing a petition under Section 15...