Search Results for "Corporate Insolvency Resolution Process"

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Bombay High Court Allows Petition Challenging SEBI Summons Under Article 227 and BNSS 2023 — Summons Issued Without Proper Application of Mind Quashed. SEBI's Power Under Section 11(2) and 11(3) of SEBI Act, 1992 Must Be Exercised with Due Application of Mind and Not as a Routine Matter.

The petitioner, Neville Tuli, an entrepreneur aged 61, filed a writ petition under Article 227 of the Constitution of India and Section 528 of the Bha...

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NCLAT Dismisses Appeals Against Admission of Section 7 IBC Application for Default Under Debenture Trust Deed. Financial Capacity and Project Completion Not Grounds to Interfere with Admission Order.

The National Company Law Appellate Tribunal (NCLAT) heard two appeals (Comp. App. (AT) (Ins) No. 517 and 518 of 2025) filed by Udaivir Anand and Santo...

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NCLAT Allows Settlement in IBC Section 9 Case, Keeps Admission Order in Abeyance. Appellant directed to deposit Rs. 1 crore with CoC and file Section 12A application within three weeks.

The appeal was filed by Vyanka Tesh Kulkarni, the suspended director of Manas Vyapar Pvt. Ltd., against an order dated 29.10.2024 passed by the Adjudi...

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Supreme Court Allows Insurer's Appeal in Insurance Claim Dispute Over Depreciation Rate for Fire-Damaged Machinery. Court Holds That Insured's Failure to Reinstate Damaged Property Within Extended Time Renders Reinstatement Value Clause Inoperative, Entitling Only Market Value on Depreciation Basis.

The dispute arose from a fire accident on 12.12.1998 that destroyed the '20 Hi Cold Rolling Mill' of the insured, M/s Bhushan Steel and Strips Ltd (la...

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Bombay High Court Dismisses Writ Petition Challenging NCLT Order Vacating PMLA Attachment Due to Availability of Alternative Remedy. Petitioner failed to avail statutory appeal under Section 421 of Companies Act, 2013 within limitation period, rendering NCLT order final.

The petitioner, Naresh Sundarlal Jain, filed a writ petition in the Bombay High Court challenging an order of the National Company Law Tribunal (NCLT)...

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Bombay High Court Quashes Rejection of Section 264 Application in Income Tax Case — Holds Section 179(1) Order Against Legal Heirs Requires Proper Application of Mind. Revisional Authority Must Consider Merits and Not Reject Application Mechanically Under Section 264 of the Income Tax Act, 1961.

The petitioners, Manjula D. Rita and Bhavya D. Rita, are two of the four legal heirs of the deceased Dinesh Shamji Rita, who was a director of a compa...

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Bombay High Court Adjudicates Applications for Appointment of Arbitrator under Section 11 of Arbitration and Conciliation Act, 1996 in Partnership Dispute. The Court considered whether to appoint a sole arbitrator for disputes arising from a partnership deed containing multiple arbitration clauses.

The applicants, Prakash Cotton Mills Pvt. Ltd. and Bharat Barrel And Drum Manufacturing Company Pvt. Ltd., filed two arbitration applications under Se...