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NCLAT Dismisses Appeal Against Rejection of Section 7 Application for CIRP — Claimants Failed to Prove Debt and Default. The Tribunal held that the Appellants did not establish the existence of a financial debt or default, and the application was barred by limitation.

The present appeal was filed by Vistra ITCL (India) Limited, Pratiti Trading Private Limited, and Gajendra Investment Limited (Appellants) against the...

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Madras High Court Dismisses Writ Petition as Withdrawn in SARFAESI Act Challenge — Petitioner Granted Liberty to Approach Debts Recovery Tribunal. Writ petition under Article 226 challenging Section 14 order under SARFAESI Act withdrawn; court permits withdrawal without costs.

The petitioner, B. Arikaran, filed a writ petition under Article 226 of the Constitution of India before the Madurai Bench of Madras High Court, chall...

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High Court of Bombay at Goa Allows Writ Petition Challenging Continued Administration of Co-operative Bank Beyond Statutory Period. Registrar Directed to Constitute New Board of Directors Within Six Weeks Under Section 67A(2) of Goa Co-operative Societies Act, 2001.

The petitioners, Shree Gopalkrishn Multipurpose Co-operative Society Ltd. and Mr. Prabhanjan Kinjwadekar, filed a writ petition under Articles 14 and ...