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NCLAT Upholds Sale of Corporate Debtor as Going Concern in Liquidation — Confirms Immunity Under Section 32A IBC. Liquidator's Application for Confirmation of Sale and Immunity Allowed Despite Objections from Suspended Directors.

The appeal arose from a common order dated 27.09.2024 passed by the NCLT, Chennai, in IA(IBC)/415/2024, IA(IBC)/1701/2023, and IA(IBC)/1757/2023 in th...

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Supreme Court Upholds High Court's Decision on Auction Sale: Statutory Violations Render Sale Null and Void. Despite recognizing significant procedural breaches, the Supreme Court offers the appellant a chance to retain the industrial property by settling liabilities.

The legality of an auction sale conducted by the Tahsildar and confirmed by the Additional Collector, which was later contested on the grounds of stat...

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Bombay High Court Dismisses Vessel Owner's Application for Release of Arrested Vessel Due to Repeated Breach of Undertakings and Contempt of Court. Auction Purchaser's Application for Confirmation of Sale Allowed as Vessel Owners Failed to Furnish Security in Time.

The case involves a commercial admiralty suit filed by GAC Shipping (India) Pvt Ltd & Anr against MV Golden Pride & Ors. The vessel was arrested. The ...

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High Court of Karnataka Dismisses Petition Challenging Revaluation Ordinance in MBBS Examination — One Mark Shortfall Not Ground for Relief. Student Failed to Secure Minimum 120 Marks in Anatomy, Court Upholds University Rules.

The petitioner, Sri Jeevith C. Reddy, a student of M.B.B.S. at Rajarajeshwari Medical College, Bangalore, appeared for the Phase-1 examination in June...

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Bombay High Court at Goa Dismisses Appeal in Land Acquisition Case — Compensation Rate of Rs.7 per sq m Upheld. Reference Court's rejection of enhancement claim affirmed as appellants failed to prove market value higher than awarded.

The case pertains to an appeal filed by the legal representatives of Vaikunth Gopinath Poi Panandikar (since deceased) against the judgment and award ...