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High Court of Karnataka Quashes SARFAESI Proceedings Against Company Under CIRP — Resolution Professional Entitled to Possession of Assets. Held that Section 14 of IBC overrides SARFAESI Act and other laws, and the moratorium under IBC bars any proceedings against the corporate debtor's assets.

The petitioner, M/s. Dreams Infra India Pvt. Ltd., represented by its Resolution Professional Sri Ashok Kriplani appointed by the National Company Law...

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High Court of Karnataka Allows Insurance Companies' Appeals in Motor Vehicle Accident Case — Insurers Exonerated from Liability Due to Violation of Policy Conditions. Claimant's Appeal for Enhanced Compensation Dismissed.

The case involves three appeals arising from a motor vehicle accident that occurred on 18.08.2012. The claimant, Durgappa, sustained injuries while tr...

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High Court of Bombay at Goa Considers Challenge to MoEF Notification Transferring NGT Jurisdiction Over Goa Matters to Delhi Principal Bench. The Court Examines Legality of Transfer Without Public Consultation and Lack of Alternative Arrangements Under NGT Act.

The High Court of Bombay at Goa took suo motu cognizance on 21st August 2017 upon learning of a notification by the Ministry of Environment, Forest an...

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High Court of Karnataka Hears Writ Petition Seeking Enforcement of RBI COVID-19 Moratorium Package. Petitioner Challenges Banks' Denial of Moratorium Under RBI Circular Dated 27.03.2020.

Velankani Information Systems Limited, a company operating an IT park and a five-star hotel in Bengaluru, availed term loans aggregating Rs. 475 crore...

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Bombay High Court Adjudicates Section 34 Petition Against Arbitral Award on Termination and Repudiation of Master Asset Purchase Agreement. Arbitrator's Finding of Repudiation by Purchaser and Direction for Refund of Consideration under MAPA Considered.

The dispute arose from a Master Asset Purchase Agreement (MAPA) dated 31st March 2005 between Siddhivinayak Realties Pvt. Ltd. as purchaser and V Hote...