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Demand for Tax Dues Prior to Acquisition Quashed Under IBC Provisions. Bombay High Court rules that tax dues from before the acquisition of a company under the Insolvency and Bankruptcy Code (IBC) cannot be recovered from the buyer of the assets during liquidation proceedings.

The petitioner, sought to quash demand notices issued by the Gram Panchayat, Gowari, seeking recovery of outstanding tax dues pertaining to the period...

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Edelweiss Asset Reconstruction Company Ltd. vs. Meeti Developers Pvt. Ltd. A dispute over the enforcement of a mortgage and redevelopment rights amidst insolvency proceedings.

The case involves a legal dispute between Edelweiss Asset Reconstruction Company Ltd. (Plaintiff) and Meeti Developers Pvt. Ltd. (Defendant) over a lo...

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High Court Quashes Reassessment Proceedings Against Uttam Galva Metallics Ltd. Resolution Plan Under IBC Precludes Tax Reassessment for Pre-Resolution Period, Rules Bombay High Court.

The Bombay High Court quashed the reassessment proceedings initiated by the Income Tax Department against Uttam Galva Metallics Ltd. for the assessmen...

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Court Quashes Regional Director's Rejection of Amalgamation Scheme Petitioners Successfully Challenge Rejection Due to Procedural Non-Compliance; Court Emphasizes Mandatory Referral to NCLT

The court addressed the petition at the admission stage itself, with the consent of Counsel. The petitioners, consisting of five companies with common...

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Supreme Court Rules on MSME Loan Classification and SARFAESI Proceedings. High Court Order Overturned; Banks Must Follow MSME Revival Framework Before Declaring NPAs, MSMEs Granted Alternative Remedies

The appellants, MSMEs registered under the MSMED Act, 2006, challenged the Bombay High Court's order dismissing their writ petitions. The High Court h...

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Goa High Court Rules that Comunidades are Not Public Authorities under RTI Act. Comunidades in Goa are not bound by the RTI Act, 2005; court clarifies their legal status.

The Goa High Court has ruled that Comunidades, traditional village associations in Goa, do not qualify as "public authorities" under the Right to Info...

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Supreme Court Affirms Guarantor's Independent Liability Despite Resolution Plan. Guarantor's obligations remain intact; assets of subsidiaries excluded from holding company’s resolution plans, creditor rights upheld

The Supreme Court of India affirmed that the approval of a resolution plan for a corporate guarantor does not absolve the principal borrower of its li...

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"Co-operative Court's Jurisdiction Dispute: Society Challenges Appellate Decision on Eviction Case" "Legal battle over servant quarters' occupancy highlights jurisdictional boundaries in co-operative society disputes."

This is a legal petition challenging the decision of the Co-operative Court, Mumbai, which quashed the judgment of the Trial Court. The dispute revolv...

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Upholding Autonomy Amidst Settlement Disputes Exploring Legal Principles and Precedents in Arbitration Law

This Judgment pertains to a legal discussion surrounding arbitration under the Arbitration and Conciliation Act, 1996, particularly focusing on the re...

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Court Rejects Caveat in Probate Case Involving Family Property Dispute. Caveator's claim deemed contingent and insufficient to establish caveatable interest, clearing the way for Probate of Will.

The petitioner seeks to reject a Caveat filed by Mr. Pramod Kumar Makharia in the matter of granting Probate for the Will of the deceased Dhruva Kumar...