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Supreme Court Dismisses Appeals by Appellants -- Upholds Committee of Creditors' Approval of Sarda Energy and Minerals Limited's Resolution Plan Under Insolvency and Bankruptcy Code, 2016 -- Doctrine of Commercial Wisdom Affirmed in Insolvency Resolution

The Supreme Court upheld the approval of a Resolution Plan by Sarda Energy and Minerals Limited (SEML) for SKS Power Generation (Chhattisgarh) Ltd. un...

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Bombay High Court Dismisses Petition Challenging LOI and Final Approval for New Colleges — Petitioner Lacks Locus Due to De-affiliation. The court held that a de-affiliated institution cannot challenge permissions granted to other colleges under the Maharashtra Public Universities Act, 2016.

The petitioner, Nisargdeep Shikshan Prasarak Mandal, a registered public trust, had been running Shri Tuljabhavani Arts and Science College at Chitte-...

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Supreme Court Dismisses Appeal by Operational Creditor in IBC Resolution Plan Challenge — Commercial Wisdom of Committee of Creditors Upheld. Noida Special Economic Zone Authority's claim for full admitted dues rejected as Resolution Plan approved by CoC and NCLT stands, with IBC overriding SEZ Act.

The case involves an appeal by Noida Special Economic Zone Authority (NSEZ Authority), an operational creditor, against the approval of a resolution p...

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Supreme Court Dismisses Appeals by Nagpur Improvement Trust Challenging High Court Order Setting Aside Demolition Notice. Internal Road Not Shown in Development Plan Under MRTP Act Cannot Be Implemented Despite Earlier Scheme Under NIT Act.

The case involves a dispute over a 15-metre internal road proposed under a Town Planning Scheme (the 'Abhyankar Road Widening and Buty Mahal Street Sc...

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Bombay High Court Dismisses PILs Challenging Ulhasnagar Development Plan, Upholds Statutory Process. Court holds that objections to draft development plan must be raised before the planning authority under MRTP Act, and belated challenges after final notification are not maintainable.

The judgment concerns two Public Interest Litigations (PILs) filed before the Bombay High Court challenging the development plan for Ulhasnagar city. ...

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Supreme Court Upholds NCLAT Decision Setting Aside NCLT Orders Approving Resolution Plans for Earth Infrastructures Limited. Dispute Involves GNIDA's Claim Over Land Leased to Special Purpose Company and Its Subsidiaries, and the Validity of Resolution Plans Under IBC.

The Supreme Court of India heard a batch of civil appeals arising from a judgment of the National Company Law Appellate Tribunal (NCLAT) dated 30.01.2...