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Supreme Court Dismisses Appeal in Insolvency Case Due to Lack of Financial Creditor Status. Interest-Free Term Loan Does Not Qualify as Financial Debt Under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 as It Lacks Consideration for Time Value of Money.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the dismissal by the National Company Law Appellate Tribun...

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Bombay High Court Allows Writ Petition Against Municipal Corporation's Demand for NOC, Property UID, and Tax Bill for Trade License Renewal. Court holds that renewal of a trade license cannot be conditioned on production of documents not required under the Mumbai Municipal Corporation Act, 1888.

The petitioner, M/s. Venus Rubber Works, a registered partnership firm since 1959, became a sub-tenant of a shop in 1969 and has been carrying on busi...

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Bombay High Court Upholds Compensation Over Reinstatement for Teacher in Illegal Termination Case. Appointment Without Approval Renders Reinstatement Inappropriate; Section 11(2)(e) of MEPS Act Applied for Six Months' Salary Compensation.

The petitioner, Shri Charudatta Ramchandra Bagadi, was employed as a teacher at Bramhaling Vidyalaya Hajgoli, a school run by Respondent No.1 (Shetkar...

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ARBITRATION PETITION (L) NO.15468 OF 2026

The petitioner, Polestar Realtors Private Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim reli...

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High Court of Karnataka Allows Appeal in NI Act Case — Restores Conviction for Cheque Dishonour. Presumption under Section 139 of Negotiable Instruments Act, 1881 stands unless accused rebuts with probable defence.

The appeal was filed by the complainant, Smt. G. Suma, challenging the judgment of acquittal dated 29.01.2011 passed by the Presiding Officer, Fast Tr...