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Supreme Court Validates NCLAT's Ruling on Financial Debt Classification under IBC. Global Credit Capital Limited and others deemed financial creditors in Mount Shivalik Industries Ltd. insolvency case.

The Supreme Court upheld the decision of the National Company Law Appellate Tribunal (NCLAT), confirming that the appellants are financial creditors u...

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Supreme Court Dismisses Appeal Against High Court's Revival of Lease in Minor Minerals Auction. High Court's finding that solvency certificate defect was bona fide and rectifiable, and Collector lacked jurisdiction under Orissa Minor Minerals Concession Rules, 2016, upheld.

The dispute arose from an auction for a sand sairat lease under the Orissa Minor Minerals Concession Rules, 2016. The original writ petitioner, respon...

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Supreme Court Upholds Transfer of Winding Up Petition to NCLT Despite Admission Order. Discretion Under Section 434(1)(c) Companies Act, 2013 Properly Exercised Where Liquidation Was at Initial Stage and No Irreversible Steps Taken.

The Supreme Court dismissed appeals by Action Ispat and Power Pvt. Ltd. against the Delhi High Court's order transferring a winding up petition to the...

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Supreme Court Dismisses Appeals by Cooperative Housing Society Challenging Land Acquisition for Vasant Kunj Scheme. Land Acquisition Proceedings Upheld Despite Policy Preference for Cooperative Societies.

The case pertains to land acquisition proceedings initiated by the Government of NCT of Delhi for the Vasant Kunj residential scheme. A notification u...

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Bombay High Court Upholds Reinstatement of Employee in Education Service Dispute — Illegal Termination Violates M.E.P.S. Rules. Employee's discontinuation without inquiry and notice held illegal; employer directed to reinstate with back wages and continuity.

The case involves an appeal by an educational institution and its headmaster against a common judgment of a Single Judge of the Bombay High Court. The...