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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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High Court of Karnataka Adjudicates Intra-Court Appeals Against Order Upholding Blocking of Electronic Credit Ledgers Under Rule 86A of CGST Rules; Considers Requirement of Pre-Decisional Hearing and Bonafide Purchaser Protection.

The appeals arose from a common order dated 27.07.2023 passed by a Single Judge in a batch of writ petitions, rejecting the contentions of the appella...

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High Court of Bombay Allows Application to Relax Bail Conditions After Death of Accused in Bank Fraud Case. Conditions Imposed to Secure Bail of Chairman of Cooperative Bank Held Inoperative Upon Death, and Legal Representatives Not Liable.

The case involved an application by the legal representatives of deceased Narayan Motilal Kabre seeking relaxation of conditions imposed by the High C...

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Bombay High Court Dismisses Second Appeal in Cooperative Bank Dispute — Civil Court Lacks Jurisdiction Due to Absence of Fraud Allegations. Jurisdictional bar under Cooperative Societies Act upheld as plaint lacked particulars of fraud.

The appellants, Durga Premanand Navelkar and Premanand Ganesh Prabhu Navelkar, filed a suit against the Goa Urban Co-operative Bank Limited and its of...

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Bombay High Court Dismisses Petition Seeking Physical Bid Submission in Online Tender Process. Court Holds That Government Resolution Dated 27.09.2018 Mandating Online Submission Does Not Violate Principles of Natural Justice or Arbitrary Exercise of Power.

The petitioner, M/s. AGC-SCCPL JV, a joint venture bidder, filed a writ petition before the Bombay High Court at Aurangabad seeking a direction to the...

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Bombay High Court Dismisses Petition Challenging Recall of Disqualification in Grampanchayat Election Expense Case. Petitioner Lacks Locus Standi Under Section 14B(2) of Maharashtra Village Panchayats Act, 1959.

The petitioner, Balaji Ganpati Pawar, filed a writ petition before the Bombay High Court challenging an order dated 23rd August 2008 passed by the Sta...

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Bombay High Court Allows Appeal in Specific Performance Suit — Agreement to Sell Not Proved as Genuine. Court finds that the plaintiff failed to discharge burden of proving the agreement and that the defendant's possession was permissive, not as a prospective purchaser.

The appellant, M/s Multicon Builders, a registered partnership firm through its partner Suryakant Gendasingh Thakur, was the original defendant no.9 i...