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NCLAT Chennai Dismisses Appeals by Suspended Directors Against CIRP Initiation Under IBC — Limitation Period for Section 7 Application Computed from Date of Default, Not Date of NPA Classification. Acknowledgment of Debt in Balance Sheets Extends Limitation Under Section 18 of Limitation Act.

The judgment pertains to two appeals filed by suspended directors of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) against t...

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Bombay High Court Upholds Regulation 6 of 2023 Regulations Requiring Separate Land Ownership for Medical College and Hospital. Regulation 6 is held intra vires the NMC Act and not violative of Articles 14 and 19 of the Constitution.

The petitioners, Ajeet Seeds Private Limited and its Dean Dr. Kananbala Yelikar, filed a writ petition under Article 226 of the Constitution of India ...

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High Court Quashes FIR Against Bank Officials and BGR Energy Executives in Bank Guarantee Dispute -- No Criminal Intent Found in Commercial Transaction Under IPC Sections 420, 403, 406, 418, 425, 427 read with 34

The High Court quashed an FIR registered against bank officials and company executives alleging criminal offences in connection with bank guarantee tr...