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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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Bombay High Court Sets Aside Order Striking Off Defence in Easement Suit — Inquiry Required Before Penalty Under Order XXXIX Rule 2A CPC. The court held that striking off defence is a harsh order and can only be passed after an inquiry establishing wilful disobedience of an injunction order.

The appellants, original defendants in a suit for easementary rights, challenged an order of the Civil Judge, Senior Division, Quepem dated 16.9.2020,...

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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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Bombay High Court Dismisses Writ Petitions Seeking Stay of By-Election for Municipal Ward No. 81 Pending Election Petition. By-Election Notification Upheld as Scheme of Mumbai Municipal Corporation Act, 1888 Does Not Require Staying Casual Vacancy Filling Despite Pending Challenge Under Section 33(2).

The Bombay High Court heard a group of four writ petitions filed by voters and rival candidates from Ward No. 81 of the Municipal Corporation of Great...

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Bombay High Court Quashes Reassessment Notice in Income Tax Case for Lack of Fresh Material. Reopening of Assessment Under Section 147 of Income Tax Act, 1961 Invalid When Based on Same Material Already Considered in Original Assessment.

The petitioner, Siemens Financial Services Pvt Ltd, a Non-Banking Finance Company registered with RBI, filed its return of income for Assessment Year ...