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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 Dismisses Petitions Against Lokmat Media's Dismissal Orders. Court Upholds Dismissal of 24 Employees, Citing Lack of Merit in Challenges; Petitioners Directed to Seek Relief Under Section 33A of the Industrial Disputes Act.

The Bombay High Court, Nagpur Bench, dismissed petitions filed by 24 employees of Lokmat Media Private Limited, challenging their dismissal without ch...

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Supreme Court Sets Aside Himachal Pradesh High Court Order Allowing Tender Revival Amidst Alleged Irregularities. Supreme Court quashes High Court's decision, imposes heavy costs on HIMUDA for collusion and misuse of legal process.

The Supreme Court has quashed the Himachal Pradesh High Court's order that permitted the revival of a tender initially canceled due to alleged irregul...

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Supreme Court Disposes Transfer Petition in Hindu Marriage Case Upon Respondent's Withdrawal Application. The Court allowed the respondent's application to withdraw the underlying petition, rendering the transfer petition infructuous, with liberty for revival if withdrawal is not effected.

The dispute originated from a transfer petition filed in the Supreme Court concerning a Hindu Marriage Petition. The petitioner sought transfer of the...

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Supreme Court Allows Appeal in IBC Limitation Dispute — Application Under Section 7 Held Barred by Limitation. Acknowledgment of Debt in Balance Sheets Does Not Extend Limitation for Initiating CIRP Under IBC.

The Supreme Court allowed the appeal filed by Babulal Vardharji Gurjar, a director of Veer Gurjar Aluminium Industries Pvt. Ltd., against the order of...

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Bombay High Court Dismisses Petition Challenging Refusal of Interim Relief in Eviction Suit Under Maharashtra Rent Control Act. Licensee Cannot Claim Protection of Rent Control Legislation After Termination of License.

The petitioners, Skygourmet Catering Private Limited and WAH Restaurants Private Limited (formerly Mars Restaurants Private Limited), filed a writ pet...

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Bombay High Court Allows Writ Petition for Release of Land from Reservation Under MRTP Act Due to Non-Acquisition Within Statutory Period. Landowner's Notice Under Section 127 of Maharashtra Regional Town Planning Act Triggers Deemed Release When Acquiring Body Fails to Act Within Six Months.

The petitioner, Madanlal Lalchand Jain, owned two parcels of land in Nandurbar: Survey No.30/1 (8700 sq.m) and Survey No.36/1/A (3807.50 sq.m). The Dr...