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High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

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Bombay High Court Allows Writ Petition Challenging Appointment of Education Extension Officer to Sign Salary Bills of Private School. Court Holds That Respondent No. 3 Exceeded Jurisdiction Under Maharashtra Employees of Private Schools (Conditions of Service) Regulation Act, 1977 and Rules, 1981.

The petitioner, Dnyanganga Shikshan Sanstha, a private educational institution running Dyanganga Public School, challenged an order dated 26.12.2017 p...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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Bombay High Court Directs Expeditious Decision on Deregistration of Cooperative Society Seeking to Be Governed Solely by Public Trust Act. Proposal for Deregistration Under Section 21 of Maharashtra Cooperative Societies Act, 1960 Held Maintainable and Must Be Decided Within Three Months.

The petitioner, Pachora Taluka Cooperative Education Society Ltd., is a cooperative society registered in 1936 under the Bombay Cooperative Societies ...

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Bombay High Court Dismisses Petitioners' Challenge to Tender Cancellation in Public Works Contract. Court Holds That No Vested Right Arises Until Formal Acceptance of Bid, and Government Has Discretion to Cancel Tender in Public Interest.

The petitioners, Jai Laxmi Constructions and others, filed two writ petitions challenging the cancellation of a tender process and the issuance of a f...