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Supreme Court Dismisses Appeals Against Insolvency Initiation Under Insolvency and Bankruptcy Code, 2016 -- NCLAT Order Upheld in Favor of Allottees as Financial Creditors -- Corporate Debtors Failed to Deliver Possession and Complete Formalities

The Supreme Court dismissed civil appeals filed by erstwhile directors of corporate debtors against the NCLAT judgment which upheld the NCLT order ini...

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High Court of Karnataka Directs Police to Conduct Fair Investigation in Crime No.193/2022 in Accordance with Payment and Settlement Systems Act, 2007 and RBI/NPCI Guidelines — Petitioner PhonePe Private Limited seeks mandamus for comprehensive probe.

The petitioner, PhonePe Private Limited, a company registered under the Companies Act, 2013 and a Third Party Application Provider (TPAP) in the UPI e...

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High Court Quashes Proceedings Against Accused No.2 in Matka Gambling Case for Lack of Incriminating Material. Section 78(3) Karnataka Police Act, 1963 requires presence or participation; mere naming in charge-sheet insufficient.

The petitioner, Ramanji, was arraigned as accused No.2 in C.C.No.4389/2021 pending before the Prl. Civil Judge and JMFC, Pavagada, arising out of Crim...

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Supreme Court Quashes Preventive Detention Order in Telangana Offenders Act Case — Lack of Proximate Link Between Past Crimes and Public Order Disturbance. Single Pending Murder Case Insufficient to Justify 'Goonda' Detention When Bail Already Granted and No Charge-Sheet Filed.

The Supreme Court allowed the appeal and quashed the preventive detention order against Khaja Bilal Ahmed, who was detained under the Telangana Preven...

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High Court of Bombay at Goa Quashes Demand for Enhanced Casino Licence Fees Based on Amended Notification Without Retrospective Effect. Notification under Section 13A of the Goa, Daman & Diu Public Gambling Act, 1976 cannot apply to existing licences; recovery set aside.

The petitioners, Advani Hotels & Resorts India Ltd. and its Chairman, operated an onshore casino named 'Goa Nugget' at Caravela Beach Resort in Goa un...

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High Court of Karnataka Quashes BESCOM Demand Notices for Alleged Theft of Electricity Due to Lack of Evidence of Tampering. Meter found to be in working condition and no pilferage detected, demand set aside as arbitrary.

The petitioner, Vishwas Concrete Products Private Limited, is a company engaged in the business of running a concrete mixing industrial unit. It had t...

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Bombay High Court Dismisses Winding Up Petition Under Section 433(e) of Companies Act, 1956 for Debt Disputed in Good Faith. Petition Filed to Exert Pressure for Unreasonable Demands, Not for Recovery of Genuine Debt.

The petitioner, Fomento Resorts And Hotels Ltd., filed a winding up petition under Section 433(e) of the Companies Act, 1956 against the respondent, G...