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NCLAT Allows Appeal Against Dismissal of Section 7 IBC Application by Financial Creditor. Loan Agreement and Default Established Through Signed Documents and Acknowledgment of Debt.

The present appeal was filed by Desana Impex Limited (Appellant), a Non-Banking Financial Corporation (NBFC) registered under the Companies Act, 2013 ...

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High Court of Karnataka Dismisses State's Commercial Appeal, Upholds Arbitral Award in ICT Project Dispute — Termination Found Unlawful. Composite Contract and Direct Nexus Between State and Consortium Rendered Claim Maintainable, and Arbitral Award of Rs.178.98 Crores Not Against Public Policy.

The appeal arises from an arbitral award of Rs.178,98,38,525 in favour of respondent No.1, a consortium partner, against the State of Karnataka for wr...

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Special Court Convicts Broker and Beneficiaries in BMC Bank Securities Fraud; Acquits Employees and Other Brokers. Broker Held Liable for Dishonest Receipt of Stolen Property Under Section 411 IPC, While Beneficiaries Convicted of Cheating Under Section 420 IPC.

The case involved a criminal trial before the Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 19...

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High Court of Bombay Disposes of Two Public Interest Litigations Challenging Joint Venture Agreement for Transfer of 20 Acres of Land at Film City, Goregaon. The Court Decided the Common Challenge to the Agreement in Both Petitions, Leaving Other Reliefs for Separate Adjudication.

The High Court of Bombay heard two public interest litigations filed by different sets of petitioners, both challenging the actions of the Maharashtra...

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Bombay High Court Allows Admiralty Suit for Recovery of Repair Costs Against Sister Vessel of Owner. The court held that a maritime claim for necessaries supplied to sister vessels can be enforced by arresting a vessel owned by the same owner under admiralty jurisdiction.

The plaintiff, M/s. Five Ocean Ship Repairing & Marine Services LLC, filed an admiralty suit against the vessel MT 'SYMPHONY 1' (ex. MT 'ARABIAN LADY'...

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High Court of Karnataka Allows Directors' Petition Against Disqualification of DINs in Companies Act Case — Violation of Article 19(1)(g) Right to Practice Profession. Blocking of Director Identification Numbers without Notice and Hearing Held Illegal Under Section 164(2) of Companies Act, 2013.

The petitioners, Mr. Dilipraj Pukkella and Mr. Muhammed Imthiyaz, directors of M/s. Vihaan Direct Selling (India) Private Limited, filed a writ petiti...

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Bombay High Court Dismisses Petition of Company Seeking Mandamus to Permit Construction of Captive Jetty and Cement Plant in Mangrove Area. Court holds that prior environmental clearances are mandatory and the petitioner cannot circumvent the directions in PIL No.87/2006.

The petitioner, Adani Cementation Limited, a company incorporated under the Companies Act, 2013 and part of the Adani Group, filed a writ petition see...