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Bombay High Court Quashes IBBI Circular as Ultra Vires in Insolvency Professional Regulation — Circular Purporting to Clarify Regulation 4(2)(b) of LP Regulations Held to Be an Impermissible Retrospective Amendment.

The petitioner, Amit Gupta, a chartered accountant and registered insolvency professional, challenged a circular dated 28 September 2023 issued by the...

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Supreme Court Stays High Court Order Striking Down Domicile/Residence-Based Reservation for PG Medical Admissions in Chandigarh. The Court holds that the validity of such reservation requires detailed examination and allows the admission process to continue subject to final outcome.

The Supreme Court of India heard appeals against the judgment of the Punjab and Haryana High Court which had struck down the domicile/residence-based ...

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Supreme Court Upholds Maintainability of Composite Appeal Against Common Judgment in Two Civil Suits. Composite Appeal Filed with Certified Copies of Both Decrees and Payment of Court Fees for Two Appeals Is Maintainable Under Section 96 of Code of Civil Procedure, 1908.

The dispute arose from two civil suits filed by the same plaintiff before the trial court. The first suit, O.S. No.14 of 1986, sought a declaration th...

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Bombay High Court Allows Writ Petition by Educational Institution Challenging University Committee's Direction to Refund Fees. Students Grievance Redressal Committee Exceeded Its Powers Under Ordinance 0.130 by Ordering Refund of Fees for Mid-Term Withdrawal Without Hearing the Institution.

The petitioners, St. Xavier's Institution of Education Society and its B.Ed. college, challenged a communication dated 14th March 2006 issued by the U...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Supreme Court Allows Extension of Arbitrator's Mandate Under Section 29A(5) of Arbitration and Conciliation Act, 1996 Even After Award Rendered Beyond Statutory Time Limit -- Court Reverses High Court Decision Setting Aside Award

The Supreme Court allowed the appeal and set aside the High Court's orders, holding that a court can entertain an application under Section 29A(5) of ...

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Bombay High Court Allows Appeal in Contractual Dispute Over Force Majeure Extension of Conducting Agreement. Force Majeure Clause Invoked Due to COVID-19 Pandemic Extends Term of Agreement by Equivalent Period.

The appeal arose from an order dated 27 September 2022 passed by the City Civil Court at Mumbai dismissing the appellant's Notice of Motion in Suit No...