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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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High Court of Karnataka Considers Writ Petitions Seeking Declaration of Lapse of Land Acquisition Proceedings Under Right to Fair Compensation Act, 2013. Petitioners Challenge Notifications and Awards Under Bangalore Development Authority Act Asserting Lapse Under Section 24 of 2013 Act.

The High Court of Karnataka at Bengaluru heard a batch of writ petitions filed between 2013 and 2015 by multiple landowners against the State of Karna...