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Supreme Court Upholds Interim Protection in Oppression and Mismanagement Petition Under Companies Act, 2013. Court Extended Restraint on Construction and Permitted Limited Protective Works to Preserve Subject Matter of Dispute Pending Adjudication by NCLT.

The dispute arose from a company petition filed by the appellants under Sections 241, 242, 244, and 59 of the Companies Act, 2013, alleging oppression...

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Supreme Court Quashes FIR in Property Joint Venture Dispute -- Criminal Proceedings Against Appellants Set Aside as Dispute Found Civil in Nature with Arbitration Clause -- FIR Under Sections 406, 420, 467, 468 and 471 IPC Cannot Substitute Civil Remedies

The Supreme Court allowed the criminal appeal arising from Special Leave Petition (Criminal) No. 6670 of 2021 and quashed the FIR registered against t...

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High Court Dismisses Applicants Revision Applications Against Multiple Borrowers in Loan Recovery Case Due to Procedural Deficiencies and Lack of Jurisdictional Error

The High Court dismissed a series of Civil Revision Applications filed by Applicant challenging the dismissal of its applications for restoration of s...

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NCLAT Allows Settlement in IBC Section 9 Case, Keeps Admission Order in Abeyance. Appellant directed to deposit Rs. 1 crore with CoC and file Section 12A application within three weeks.

The appeal was filed by Vyanka Tesh Kulkarni, the suspended director of Manas Vyapar Pvt. Ltd., against an order dated 29.10.2024 passed by the Adjudi...

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Supreme Court Quashes Criminal Proceedings in Cheating Case Arising from Commercial Transaction. Failure to Repay Debt Does Not Automatically Attract Section 420 IPC Without Proof of Initial Dishonest Intention.

The Supreme Court allowed the appeal against the High Court's refusal to quash criminal proceedings under Section 420 IPC. The appellant was a busines...

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Bombay High Court Allows Quashing of Section 138 NI Act Proceedings Against Director of Corporate Debtor Post-Approval of Resolution Plan by NCLT. Criminal liability for dishonour of cheques issued prior to resolution plan stands extinguished upon approval of resolution plan under IBC, 2016.

The applicant, Advance Oleochem Pvt. Ltd., through its director Ashok Kumar Harilal Shah, filed a criminal application under Section 482 Cr.P.C. seeki...

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Supreme Court Sets Aside NCLAT Order on Limitation for IBC Section 7 Application. Article 137 of Limitation Act Applies, Not Date of IBC Commencement.

The Supreme Court allowed the appeal filed by Sagar Sharma & Anr. against the order of the National Company Law Appellate Tribunal (NCLAT) in a matter...