Search Results for "insolvency proceeding"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Bombay High Court at Goa Dismisses Review Petition in Partition Suit Impleadment...
Bombay High Court Acquits Accused in Corruption Case Due to Unreliable Trap Witn...

Search Results for "insolvency proceeding"

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Supreme Court

Supreme Court Sets Aside NCLAT Order Condoning Delay in Filing Appeal Under IBC — Filing Without Certified Copy of Impugned Order Renders Appeal Incompetent. The Court held that an appeal under Section 61 of the IBC must be accompanied by a certified copy of the impugned order or an exemption application; failure to do so makes the appeal incurably defective.

12 May 2026

The case arises from an appeal filed by M Lalitha (respondent No. 1) before the National Company Law Appellate Tribunal, Chennai (NCLAT), under Sectio...

High Court

High Court Dismisses Arbitration Petitions Challenging Awards Under Multi-State Co-operative Societies Act -- Upholds Arbitrator's Jurisdiction in Banking Dispute with Co-operative Bank -- No Conflict Found with SARFAESI Act or RDB Act

12 Feb 2026

The High Court dismissed two Commercial Arbitration Petitions challenging arbitral awards passed by an Arbitrator appointed under Section 84 of Multi-...

High Court

Bombay High Court Dismisses Petition Challenging Board Resolution in Canara Bank Dispute — Upholds Validity of Board Resolution Passed with Majority. Court holds that board resolutions passed by majority are valid and binding, and that the court cannot interfere with commercial decisions of the board under Article 226 of the Constitution of India.

7 Oct 2025

The petitioner, M/s. Ray Projects Pvt. Ltd., filed a writ petition under Article 226 of the Constitution of India challenging a resolution passed by t...

Tribunals

NCLAT Allows Appeal Against NCLT Order Directing Refund of Bank Guarantee Invoked During CIRP — Bank Guarantee Invocation Not Barred by Moratorium Under Section 14 IBC. The NCLAT held that the moratorium under Section 14(1)(c) does not prohibit invocation of bank guarantees, as they are independent contracts and not property of the corporate debtor.

20 Dec 2024

The appeal was filed by WAPCOS Ltd. against an order of the National Company Law Tribunal, Special Bench Mumbai, dated 20.01.2022, which directed the ...

Tribunals

NCLAT Dismisses Appeal Against Approval of Resolution Plan in CIRP of Tiffins Barytes Asbestos & Paints Ltd. — Challenge to Recall of Order Rejected as Time-Barred and Without Merit.

3 Oct 2024

The appellant, Hero Exports, challenged the order of the National Company Law Tribunal (NCLT), Chennai, dated 12.06.2019 approving the resolution plan...

High Court

High Court of Karnataka Allows Writ Petition Seeking Registration of Sale Certificate Under SARFAESI Act. Sub-Registrar Directed to Register Sale Certificate Despite Pending Civil Suit as Section 89(4) of Registration Act, 1908 Mandates Registration.

28 May 2024

The petitioner, Sri T. Bharathgowda, purchased a property at an auction conducted by Canara Bank (respondent No.3) under the Securitisation and Recons...

High Court

Bombay High Court Grants Interim Relief to ISP in Section 9 Arbitration Application, Restraining OTT Platform from Suspending Internet Services to 22,000+ Subscribers. Court holds that MOU creates binding obligations and balance of convenience favors continuity of services pending arbitration.

2 Dec 2022

The applicant, World Phone Internet Services Pvt. Ltd. (WPISPL), a Delhi-based Class A Unified License ISP, filed an application under Section 9 of th...

High Court

Bombay High Court Allows Personal Guarantor to Travel Abroad for Sister-in-Law's Marriage, Holds Right to Travel Abroad Part of Personal Liberty Under Article 21 of Constitution of India. The court set aside Debt Recovery Tribunal's order refusing travel permission, finding it arbitrary and violative of Article 21.

7 Jun 2022

The petitioner, Anurag Gupta, a personal guarantor of a company under liquidation, challenged an order of the Debt Recovery Tribunal (DRT) refusing hi...

High Court

Bombay High Court Enforces Foreign Arbitral Award in Helicopter Charter Dispute, Rejects Public Policy and Unjust Enrichment Challenges. Award directing payment of USD 6,563,700 and SGD 775,462.28 upheld as not contrary to Indian public policy under Section 48 of the Arbitration and Conciliation Act, 1996.

17 Feb 2022

The petitioner, Aircon Beibars FZE, a UAE company engaged in aircraft leasing, and the respondent, Heligo Charters Private Limited, an Indian helicopt...

High Court

High Court of Bombay at Nagpur Bench Allows Bank's Petition, Holds Secured Creditor's Charge Prevails Over State's Statutory First Charge Under MVAT Act and Profession Tax Act. The court ruled that Section 26E of the SARFAESI Act, 2002 gives priority to the secured creditor over all other debts, including statutory dues of the State, and that the non-obstante clause in the SARFAESI Act overrides the provisions of the Maharashtra Value Added Tax Act, 2002 and the Profession Tax Act, 1975.

17 Dec 2021

The petitioner, Union Bank of India, had sanctioned cash credit and inland letter of credit facilities of Rs.10 crores to respondent No.4, M/s. Linkso...

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