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Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

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High Court Appoints Arbitrator in Contract Dispute Between Power Solutions Company and Electricity Supply Company. Petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 allowed due to failure of respondent to appoint arbitrator as per clause 4.1 of contract agreement dated 28.03.2018.

The petitioner, M/s Nsure Reliable Power Solutions Pvt Ltd, a private limited company engaged in infrastructure business, participated in a tender flo...

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Bombay High Court Dismisses Employer's Petition Challenging Union's Locus Standi in Unfair Labour Practice Complaint. Transfer Orders Quashed as Union Need Not Be Registered Under Trade Unions Act, 1926 to File Complaint Under MRTU & PULP Act, 1971.

The case involves a challenge by M/s Prabhat Dairy Ltd and others (the employer) against an order of the Industrial Court at Thane, which allowed a co...

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Bombay High Court Allows Petition of Cooperative Housing Society Against Unfair Labour Practice Complaint — Society Not an Industry Under Industrial Disputes Act. Letting out of community hall is a mere adjunct, not predominant activity, hence complaint under MRTU & PULP Act not maintainable.

The case involves a writ petition filed by The Saraswat Suburban C.H.S. Limited and others (petitioners) against Naresh Shyamlal Velendra (respondent)...