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Supreme Court Dismisses NOIDA SEZ Authority Appeal on Resolution Plan for Shree Bhoomika International Ltd. Upholds Commercial Wisdom in the Corporate Insolvency Process.

The Supreme Court of India dismissed the appeal by the NOIDA Special Economic Zone (SEZ) Authority challenging the resolution plan approved by the Nat...

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Court Allows Wife's Impleadment in Suit Alleging Collusion and Asset Misappropriation to Defeat Maintenance Rights.

The estranged wife of defendant Arun Pathak. The applicant seeks to join an ongoing partition suit regarding joint family property, alleging collusion...

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"Supreme Court Upholds NCLAT's Admission of CIRP Application Against Corporate Debtor" Acknowledgment of debt in balance sheets and OTS letters extend the limitation period under Section 18 of the Limitation Act.

The Supreme Court dismissed an appeal challenging the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor by UCO...

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"Supreme Court Decides on AERA's Right to Appeal: Can Regulatory Authorities Challenge Their Own Decisions?" "Clarifying the distinction between regulatory and quasi-judicial functions in appeal maintainability."

Authority of India (AERA) before the Supreme Court against the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) under the Airport Economic R...

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Suspension of Resolution Professional Confirmed by Bombay High Court. Bombay High Court dismisses the writ petition challenging the suspension of Resolution Professional’s registration for failure to perform duties as per IBC regulations.

The High Court of Bombay upheld the decision of the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) to suspend the petit...

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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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High Court Examines Legality of Appointment of Maharashtra Real Estate Regulatory Authority Chairman. A Public Interest Litigation challenges the eligibility of Shri Manoj Saunik for the post of Chairman, citing alleged misconduct and non-fulfillment of statutory qualifications.

The petition filed by Pravin P. Wategaonkar questioning the appointment of Shri Manoj Saunik as the Chairperson of the Maharashtra Real Estate Regulat...

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"Bombay High Court Declares Detention of Hem Prabhakar Shah Illegal" Court Orders Immediate Release Due to Violation of Constitutional and Procedural Rights

The Bombay High Court ruled that the detention of Hem Prabhakar Shah, who was apprehended based on a Look Out Circular (LOC), was illegal due to viola...

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"Bombay High Court Quashes Tax Proceedings Against Uttam Value Steels Ltd. Post-Resolution Under IBC" "Resolution Plan Approval Under IBC Shields Corporate Debtor from Pre-Insolvency Tax Claims."

  1. Background of the Case: The petition was filed by Uttam Value Steels Ltd. and Mr. Subodh Karmarkar challenging multi...

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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...