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Bombay High Court Allows Petition to Quash Land Reservation for Transport Terminus Due to Lapse Under Section 127 of MRTP Act. Reservation Deemed Lapsed as Acquisition Not Initiated Within Ten Years from Publication of Development Plan.

The petitioner, Nandkishor s/o Babulal Agrawal, is the owner of land Survey No. 505/04 admeasuring 1.07 H.R situated at Dhule. Out of this land, 67 R ...

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Supreme Court Dismisses Municipal Corporation's Appeal Against Resolution Plan Approval in Insolvency Case. Municipal Corporation's Prior Consent to Resolution Plan Precludes Later Objections Under IBC.

The Municipal Corporation of Greater Mumbai (MCGM) appealed against the order of the National Company Law Appellate Tribunal (NCLAT) which had upheld ...

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Bombay High Court Dismisses Petitions Challenging Development Plan Reservation and TDR Compensation in Kolhapur. Court upholds reservation of land for playground and finds that TDR is valid compensation under MRTP Act, 1966.

The judgment concerns three writ petitions filed by M/s. Bhima Mahabharat Builders and Developers, Zakir Nasirruddin Peerzade, and Anand rao Mahadeo M...

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Supreme Court Allows Appeal in Insolvency Case: Income Tax Demands Not Raised Before Resolution Plan Approval Stand Extinguished. Claims for Assessment Years 2012-13 and 2013-14 Not Part of Approved Resolution Plan Cannot Be Enforced Under Section 31 of Insolvency and Bankruptcy Code, 2016.

The appeal arose from the approval of a Resolution Plan for M/s. Tehri Iron and Steel Casting Ltd. under the Insolvency and Bankruptcy Code, 2016. The...

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Bombay High Court Directs Issuance of Occupation Certificate for Committed Development Under UDCPR Regulation 5.1.3. Development Permission Granted Before Draft Regional Plan Publication Protects Builder's Right to Occupation Certificate Despite Subsequent Agricultural Reservation in Regional Plan.

The petitioner, Raj Realtors, a partnership firm, constructed ten buildings comprising 446 residential and 20 commercial units on land at Mouje Pashan...

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NCLAT Dismisses Appeals Against Resolution Professional's Rejection of Late Claims in CIRP. Claims Filed After Deadline Under Section 30 of IBC Cannot Be Entertained by Resolution Professional.

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three company appeals (Comp App (AT) (CH) (Ins) No. 232/2025, 234/2025, and 236/2...

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Bombay High Court Dismisses Writ Petition Challenging Suspension of Resolution Professional for Lack of Due Diligence in CIRP. Disciplinary action by IBBI under Sections 30(2)(b), (e) and 208(2)(a), (e) of the Insolvency and Bankruptcy Code, 2016 upheld as proportionate.

The petitioner, Vijendra Kumar Jain, was appointed as Resolution Professional (RP) for M/s. Transparent Energy System Pvt. Ltd. (Corporate Debtor) by ...

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Bombay High Court Allows Petition Declaring Lapsing of Land Reservation Under Section 127 of MRTP Act Due to Non-Acquisition Within Ten Years. Landowner Held Entitled to Develop Land After Reservation Lapses Automatically Without Need for Representation.

The petitioner, Pralhad Tulsiram Bundele, owned land bearing Survey No.31/4, area 1.09 HR, at Village Khel Traymbak Narayan, Taluka Achalpur, District...