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Company Appeal (AT) (Insolvency) No. 1422 of 2024

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NCLAT Allows Appeal Against Rejection of Claim by RP in CIRP of Sovereign Industries Ltd. — Claimant's Right to File Claim Before Adjudicating Authority Not Barred by Limitation Under IBC. The NCLAT held that acknowledgment of debt in balance sheets extends limitation and the RP's rejection was erroneous.

The case involves an appeal by Mr. Bhagawant Narayan Naik against the rejection of his claim by the Resolution Professional (RP) of Sovereign Industri...

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Supreme Court Hears Civil Appeals Challenging High Court's Validation of Kamal Vihar Township Development Scheme. Core Legal Question is Whether Scheme Violates Constitution (73rd and 74th Amendments) and Statutory Provisions of M.P. (C.G.) Nagar Thatha Gram Nivesh Adhiniyam, 1973.

The Supreme Court heard a bunch of civil appeals arising from the decision of the Division Bench of the High Court of Chhattisgarh, which had upheld t...

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Supreme Court Disposes of Appeals by Authority for Advance Rulings Against High Court Judgment Quashing AAR's Rejection of Treaty Benefits. Questions Raised on Taxation of Capital Gains Under India-Mauritius DTAA and Scope of Section 245R(2) Proviso (iii) of Income Tax Act, 1961.

The disputes arose from applications for advance ruling filed by three Mauritius-incorporated companies—Tiger Global International II Holdings, Tige...

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Bombay High Court Dismisses Revision Application in Suit for Declaration and Injunction — Order Rejecting Application Under Order 7 Rule 11 CPC Upheld. Plaint Discloses Cause of Action and Is Not Barred by Law Under Order 7 Rule 11 CPC.

The case involves a civil revision application filed by the original defendants (M/s New Shelter Enterprises and its proprietors) challenging an order...

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Bombay High Court Considers Petition Challenging Draft Development Plan Publication and Extension Under Maharashtra Regional and Town Planning Act, 1966. Petitioners Allege Irregularities in Municipal Corporation's Substitution of Plan and Ex Post Facto Extension Under Section 26.

The matter pertains to a writ petition before the Bombay High Court, Aurangabad Bench, challenging the notification dated 04.02.2016 published under S...