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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...

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Bombay High Court Quashes Competent Authority Order Under Maharashtra Money-Lending (Regulation) Act, 2014 for Violation of Natural Justice. Order directing return of vehicles passed without hearing the petitioner, who was in possession of vehicles as security for loans, set aside.

The petitioner, Bhimrao Bajarang Chavare, filed a writ petition challenging an order dated 25 March 2022 passed by the Competent Authority under Secti...