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Supreme Court Allows Appeal in IBC Limitation Dispute — Application Under Section 7 Held Barred by Limitation. Acknowledgment of Debt in Balance Sheets Does Not Extend Limitation for Initiating CIRP Under IBC.

The Supreme Court allowed the appeal filed by Babulal Vardharji Gurjar, a director of Veer Gurjar Aluminium Industries Pvt. Ltd., against the order of...

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Supreme Court Remands NSE Penalty Case to SAT for Reconsideration of Quantum of Punishment. Circular vs Bye-law Conflict on Suspension and Fine Limits Requires Fresh Examination.

The Supreme Court of India heard a civil appeal filed by M/s PRRSAAR through its proprietor Ved Prakash Gupta against the National Stock Exchange of I...

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Supreme Court Allows Appeal Against Unconditional Stay of Arbitral Award in Favour of State Government. Order XXVII Rule 8A CPC Does Not Mandate Unconditional Stay; Court Must Impose Conditions Under Section 36(3) of Arbitration and Conciliation Act, 1996.

The case arises from a dispute between PAM Developments Private Ltd. (appellant) and the State of West Bengal (respondent) concerning a tender for roa...

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Supreme Court Allows Pensioners' Association Appeal in Pension Revision Case — Classification Based on Date of Retirement Held Arbitrary. All Pensioners Form One Class Entitled to Uniform Revised Pension Under Article 14.

The case pertains to a challenge by the All Manipur Pensioners Association against the State of Manipur's office memorandum dated 21.4.1999, which rev...

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Supreme Court Corrects Inadvertent Error in Judgment, Substitutes 'Management' with 'Banking Operations' in Hamdard Trust Dispute. The Court clarified that the resolution dated April 28, 2015 pertained only to banking operations, not management, and dismissed contempt petitions.

The Supreme Court of India dealt with Miscellaneous Applications and Contempt Petitions arising from a dispute concerning the management and banking o...

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Supreme Court Dismisses Appeal of Reserved Category Candidate Who Availed Age Relaxation: Cannot Claim General Category Seat. Age Relaxation Under Gujarat Policy Is a Relaxation in Standard, Not a Mere Concession, and Candidates Availing It Must Be Adjusted Against Reserved Posts.

The Supreme Court dismissed the appeal filed by Niravkumar Dilipbhai Makwana against the Gujarat Public Service Commission and others, upholding the D...

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Supreme Court Dismisses Appeal by Suspended Director in IL&FS Accounts Reopening Case — Recasting Permitted Under Section 130 Companies Act. Court holds that SFIO and ICAI reports provide sufficient basis for reopening accounts and that suspended director lacks locus standi.

The case pertains to an appeal filed by Hari Sankaran, a suspended director of Infrastructure Leasing & Financial Services Limited (IL&FS), against th...