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Supreme Court Dismisses Appeal by Erstwhile Directors in First Insolvency Case, Holding IBC Overrides State Moratorium. Corporate Debtor's Belated Defence of Non-Disbursal Under Master Restructuring Agreement Rejected as After-Thought.

The case arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The appellant, a multi-product company, faced ...

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High Court of Bombay Habeas Corpus Petition Examines Legality of Judicial Custody Where Remand Was Not Extended by Competent MCOC Special Court; Accused in Telgi Stamp Scam Seek Release After Non‑Extension of Judicial Remand Under Section 309(2) CrPC by a Judge Not Appointed Under MCOC Act.

The petitioners, five accused in the Telgi stamp scam (Special Case No. 2 of 2003 before the MCOC Court at Pune), filed this writ petition under Artic...

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Supreme Court Hears Civil Appeals Concerning Applicability of Interest on Delayed Payments Act to Prior Contracts. The appeals arise from a common question of law regarding the retrospective application of the Interest on Delayed Payment to Small Scale and Ancillary Industrial Undertakings Act, 1993.

The appeals before the Supreme Court arose from a common question of law regarding the applicability of the Interest on Delayed Payment to Small Scale...

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High Court of Karnataka Hears Writ Petition Seeking Enforcement of RBI COVID-19 Moratorium Package. Petitioner Challenges Banks' Denial of Moratorium Under RBI Circular Dated 27.03.2020.

Velankani Information Systems Limited, a company operating an IT park and a five-star hotel in Bengaluru, availed term loans aggregating Rs. 475 crore...

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Karnataka High Court Division Bench Hears Builder's Appeal Against Single Judge's Order Partly Quashing Stop Construction Notice and Directing Objections Under KIAD Act. The Full Bench Reserves Judgment on 06-02-2014, but the Final Decision is Not Available in the Provided Incomplete Text.

The case involves writ appeals filed by M/s Century Central, a registered partnership firm, challenging the order dated 02/07/2013 passed by a learned...

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Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...

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Bombay High Court Dismisses Petition Seeking Stay of Departmental Enquiry During Criminal Trial in EPF Fraud Case. Held that departmental proceedings and criminal trial can proceed simultaneously as charges are distinct and no prejudice is caused to the delinquent employee.

The petitioner, Shiva Shankar Mamidi, a Data Processing Assistant in the Employees Provident Fund Organization (EPFO), challenged an interim order of ...

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Bombay High Court Quashes Revocation of Multi-System Operator Registrations for Non-Compliance with Rule 11(7) of the Cable Television Networks Rules, 1994. The Court found that the denial of security clearance was not communicated and no opportunity of hearing was afforded.

SCOD 18 Networking Pvt. Ltd. and Digi Cable Network (India) Pvt. Ltd., along with Digi Navi Mumbai Network Pvt. Ltd., filed writ petitions under Artic...

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Supreme Court Allows Appeal in Possession Suit — Arbitration Award Not Binding on Third Party Purchaser. The Court held that an arbitration award does not operate as res judicata against a party who was not a party to the arbitration and who purchased the property in a court auction.

The appellants (plaintiffs) filed a suit for possession and mesne profits in respect of a three-storey commercial-cum-residential building situated at...