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Supreme Court Allows Promoter's Appeal in IBC Withdrawal Case — Commercial Wisdom of Committee of Creditors Cannot Be Overridden by NCLT/NCLAT. Settlement Plan Approved by 94.23% Voting Share Under Section 12A of Insolvency and Bankruptcy Code, 2016 Must Be Respected.

The case involves appeals by Vallal RCK, the promoter of M/s Siva Industries and Holdings Limited (Corporate Debtor), against the common judgment of t...

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High Court of Karnataka Allows Wife's Petition to Refer Nullity Proceedings to Mediation in Hindu Marriage Act Case — Emphasizes Mandatory Mediation Referral Under Section 12(1)(c) of Hindu Marriage Act, 1955 and Section 89 CPC.

The petitioner, Bhavana Ramaprasad, wife of Yadunandan Parthasarathy, filed a writ petition under Articles 226 and 227 of the Constitution of India ch...

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Supreme Court Dismisses Appeal Against High Court Order Upholding Settlement Commission's Order in Income Tax Settlement Case. Settlement Commission's Order Passed Pursuant to High Court's Interim Direction Held Valid Despite Statutory Time Limit Under Section 245HA of Income Tax Act, 1961.

The appellants, partners of a business, were subjected to a search under Section 132 of the Income Tax Act, 1961. Notices under Section 153A were issu...

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Bombay High Court Dismisses Petition Challenging Industrial Tribunal Award Granting Wage Revision to Monthly Rated Staff. The court upheld the Tribunal's award as based on evidence and not suffering from any error of law under Article 226 of the Constitution.

The petitioner, M/s. Polypharma Pvt. Ltd., challenged the award of the Industrial Tribunal granting revision in wages and other demands to monthly rat...

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Bombay High Court Hears Writ Petition Challenging Attachment and Proposed Sale of Residential Bungalow under Income Tax Act, 1961, on Ground of Limitation. Petitioner Contends That Tax Recovery Officer's Action Is Time-Barred Under Rule 68B of Second Schedule.

The petitioner, a 60-year-old Indian citizen, filed a writ petition under Article 226 of the Constitution of India seeking to quash and set aside the ...

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Bombay High Court Adjudicates Application for Enforcement of Scheme in Sanghi Motors (Bombay) Limited. Scheme formulated under Sections 397, 398, 402 of Companies Act, 1956 involves transfer of oxygen undertaking assets and cylinders.

The matter pertains to Company Application No.328 of 1990 arising out of Company Petition No.128 of 1985, filed before the High Court of Judicature at...

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Bombay High Court Dismisses Wage Parity Claim by Non-Technical Officers of MSEB. Non-technical officers cannot claim parity with technical officers as they form separate classes under the Electricity Supply Act, 1948.

The petitioners, M.S.E.B. Officers' Association and others, filed a writ petition under Article 226 of the Constitution seeking wage parity for non-te...