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Supreme Court Dismisses Appeals Against Insolvency Initiation Under Insolvency and Bankruptcy Code, 2016 -- NCLAT Order Upheld in Favor of Allottees as Financial Creditors -- Corporate Debtors Failed to Deliver Possession and Complete Formalities

The Supreme Court dismissed civil appeals filed by erstwhile directors of corporate debtors against the NCLAT judgment which upheld the NCLT order ini...

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Bombay High Court Quashes FIR in Cheque Dishonour Case Due to Improper Service of Demand Notice. Notice sent by UPC (Under Postal Certificate) held insufficient to constitute valid service under Section 138 of Negotiable Instruments Act, 1881.

The applicant, Rushikesh Hanumant Sutar, filed a criminal application under Section 482 of the Code of Criminal Procedure, 1973 seeking quashing of FI...

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Bombay High Court Acquits Accused in Attempt to Murder Case Due to Unreliable Testimony and Lack of Corroboration. Conviction under Section 307 IPC set aside as sole eyewitness's evidence was inconsistent and medical evidence did not support the prosecution case.

The appellant, Sukumar Kallappa Kamble, was convicted by the Additional Sessions Judge, Ichalkaranji, for offences under Sections 307 (attempt to murd...

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Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Joint Venture Dispute — No Grounds for Interference Under Section 34 of Arbitration and Conciliation Act, 1996. Court upholds arbitrator's findings on breach of joint venture agreement and rejection of counter claims as not perverse.

The petitioner, Development Corporation of Konkan Limited, a government company, filed a petition under Section 34 of the Arbitration and Conciliation...

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Bombay High Court Allows Workman's Appeal for Wages Under Section 17-B of Industrial Disputes Act, 1947 — Employer's Challenge Dismissed. Court held that workman is entitled to last drawn wages during pendency of proceedings before Labour Court, irrespective of employer's financial hardship.

The case involves two Letters Patent Appeals (LPA 294/2010 and LPA 296/2010) arising from an order of a Single Judge dated 26.10.2010 in Writ Petition...