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Supreme Court Dismisses Appeals by Appellants -- Upholds Committee of Creditors' Approval of Sarda Energy and Minerals Limited's Resolution Plan Under Insolvency and Bankruptcy Code, 2016 -- Doctrine of Commercial Wisdom Affirmed in Insolvency Resolution

The Supreme Court upheld the approval of a Resolution Plan by Sarda Energy and Minerals Limited (SEML) for SKS Power Generation (Chhattisgarh) Ltd. un...

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Supreme Court Sets Aside Dismissal Of Judicial Employee, Reinstates With Back Wages -- Disciplinary Proceedings Found Vitiated Due To Procedural Irregularities And Disproportionate Punishment For Five Days Absence

The Supreme Court allowed the civil appeal filed by Appellant against the judgment of the High Court for the State of Telangana which had dismissed hi...

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Bombay High Court Dismisses Notice of Motion in Suit for Specific Performance — Plaintiffs Fail to Establish Prima Facie Case for Injunction Against Developer. Agreement for Sale Not Concluded as Essential Terms Remained Unsettled, No Enforceable Contract Under Specific Relief Act, 1963.

The plaintiffs, a group of 52 individuals, filed a suit for specific performance of an alleged agreement for sale of flats in a building to be constru...

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Bombay High Court Dismisses Petition Against Cooperative Bank in Recovery Proceedings Under Maharashtra Cooperative Societies Act. Court holds that the petitioner failed to establish any legal right or that the bank's actions were without jurisdiction or in violation of principles of natural justice.

The petitioner, a cooperative bank, filed a writ petition challenging the recovery proceedings initiated by the respondent cooperative bank. The petit...

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Bombay High Court Dismisses Appeal Against Revocation of Leave Under Clause XII of Letters Patent Act in Arbitration Petition. Court Holds That Cause of Action for Section 9 Petition Arises Where Arbitration Agreement Is Situated, Not Where Interim Relief Is Sought.

The appeal arose from a judgment of the learned Single Judge of the Bombay High Court, who allowed Chamber Summons No. 905 of 2013 filed by Respondent...