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High Court of Karnataka Allows Appeal Against Rejection of Plaint in SARFAESI Act Suit — Limitation Period for Challenge to Auction Sale Under Article 137 of Limitation Act Is Three Years from Date of Sale Confirmation

The appellant, R Venkatapathy, filed a suit (O.S. No. 8639/2006) before the City Civil Court, Bangalore, challenging the auction sale of property cond...

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W.A.Nos.3260, 3261, 3262, 3263 & 3267 of 2024

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W.A.Nos.3260, 3261, 3262, 3263 & 3267 of 2024

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Bombay High Court Pronounces Judgment in Criminal Appeal Against MPID Court's Order Rejecting Application to Declare Attachment Void. Appeal Raises Questions on Compliance with Sections 4 and 5 of the Maharashtra Protection of Interests of Depositors (In Financial Establishments) Act, 1999.

The criminal appeal before the Bombay High Court arose from an order of the designated court under the Maharashtra Protection of Interests of Deposito...

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Supreme Court Dismisses Appeals by Appellants -- Upholds Committee of Creditors' Approval of Sarda Energy and Minerals Limited's Resolution Plan Under Insolvency and Bankruptcy Code, 2016 -- Doctrine of Commercial Wisdom Affirmed in Insolvency Resolution

The Supreme Court upheld the approval of a Resolution Plan by Sarda Energy and Minerals Limited (SEML) for SKS Power Generation (Chhattisgarh) Ltd. un...

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Presidential Reference Made to Supreme Court Seeks Advisory Opinion on Telecom Licences and Spectrum Allocation Policies. Reference Under Article 143(1) Recites Historical Grant of Licences from 1994 to 2008 Including First-Come-First-Served and Revenue Share Regimes.

Background: The President of India made a reference under Article 143(1) of the Constitution on 12.04.2012, seeking the advisory opinion of the Suprem...

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Bombay High Court Dismisses Revision Applications Challenging Cognizance and Issuance of Process in CBI Corruption Case — Sanction Not Required for Private Persons Under Prevention of Corruption Act, 1988.

The case involves three revision applications filed by Iqbalsingh Soni, Sevasingh Kalra, and three others (Gurminder Singh Gill, A.S. Jagannatha Rao, ...

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High Court of Karnataka Hears Challenge by Drug Supplier Against Blacklisting Order Alleging Non-Compliance with Rule 26A of Karnataka Transparency in Public Procurements Rules, 2000. Petitioner Assails Blacklisting as Ultra Vires in Absence of Corrupt Practice Finding and Procedural Violation.

The petitioner, a pharmaceutical company, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Court of Karna...