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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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Bombay High Court Allows Petition Challenging Rejection of Complaint in Retail Outlet Dealership Selection Process. Grievance Redressal Committee Must Pass Speaking Order Under Clause 19 of Guidelines.

The petitioner, Sundardas Nagwade, applied for a retail outlet dealership pursuant to an advertisement by Hindustan Petroleum Corporation Ltd. He was ...

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High Court of Karnataka Quashes FIR in Corruption Case Due to Lack of Sanction Under Section 17A of PC Act — FIR Registered Without Prior Approval from Competent Authority for Investigation Against Public Servant

The petitioner, Ningappa G @ Ningappa Savant, filed a criminal petition under Section 482 of the Code of Criminal Procedure, 1973 (Cr.PC) / Section 52...

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Supreme Court Dismisses Contempt Petitions Against WPL in Super Bazar Revival Case — No Willful Disobedience of Orders Found. Revival Scheme Implemented Under Court Supervision; Payments Made as Directed.

The judgment pertains to contempt petitions filed against M/s Writers and Publishers Pvt. Ltd. (WPL) alleging willful disobedience of court orders in ...

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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...