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Supreme Court Allows Appeal in Insolvency Case: Income Tax Demands Not Raised Before Resolution Plan Approval Stand Extinguished. Claims for Assessment Years 2012-13 and 2013-14 Not Part of Approved Resolution Plan Cannot Be Enforced Under Section 31 of Insolvency and Bankruptcy Code, 2016.

The appeal arose from the approval of a Resolution Plan for M/s. Tehri Iron and Steel Casting Ltd. under the Insolvency and Bankruptcy Code, 2016. The...

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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Supreme Court Upholds Bank's Dismissal of Employee in Disciplinary Proceedings for Fraud and Misconduct. Disciplinary Proceedings Evaluated on Preponderance of Probabilities, Not Criminal Standards, Under Bipartite Settlement and Evidence Act Provisions.

The dispute arose from the dismissal of a bank employee following departmental proceedings initiated by the appellant-Bank, a nationalized entity, aga...

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Supreme Court Allows Appeal for Enhancement of Maintenance Under Hindu Adoption and Maintenance Act, 1956. Maintenance Increased to Rs. 20,000 Per Month Based on Respondent's Financial Capacity and Pension Income, with Arrears Payable in Installments Not Exceeding 50% of Pension.

The dispute involved an appeal against the High Court's enhancement of maintenance awarded to the appellant under Section 18 of the Hindu Adoption and...

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Supreme Court Acquits Accused in Abetment of Suicide Case Due to Lack of Mens Rea and Insufficient Evidence. Conviction under Section 306 IPC Set Aside as Prosecution Failed to Prove Active Instigation or Intention to Cause Suicide, with Key Witnesses Unexamined and Kidnapping Allegations Disbelieved.

The appeal arose from a judgment of the High Court of Judicature at Madras, which had confirmed the appellant's conviction under Section 306 of the In...