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Bombay High Court Allows Resolution Professional to Continue CIRP Under IBC Despite Pending Winding-Up Petition Under Companies Act, 1956. Leave under Section 446 of Companies Act, 1956 granted to proceed with Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016.

The judgment concerns Company Application No. 10 of 2017 filed by the Resolution Professional of Murli Industries Limited (the corporate debtor) under...

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Supreme Court Considers Whether State Rent Control Act Is Ultra Vires in Cantonment Areas Due to Union's Exclusive Competence under Entry 3 of List I. The Case Involves Interpretation of 'Regulation of House Accommodation' in the Context of Legislative Powers over Cantonments.

The case arose from a suit for eviction filed by Rama Sundari Devi, the owner of premises situated within the cantonment area of Barrackpore, against ...

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Supreme Court Allows Urban Improvement Trust's Appeals in Land Acquisition Case — Acquisition Proceedings Upheld Despite Delay and Compensation Disputes. Notification under Section 52(1) of Rajasthan Urban Improvement Act, 1959 Valid; Compensation Determined and Paid Lawfully.

The Supreme Court allowed the appeals filed by the Urban Improvement Trust against the judgment of the Rajasthan High Court which had quashed the land...

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Bombay High Court Sanctions Scheme of Arrangement for Amalgamation of Five Transferor Companies with Unichem Laboratories Limited. Scheme held fair and reasonable under Sections 391-394 of Companies Act, 1956, despite shareholder objection.

The judgment concerns five Company Scheme Petitions filed under Sections 391 to 394 read with Sections 80, 100 to 103 of the Companies Act, 1956, seek...

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Bombay High Court Dismisses Application for Recall/Review of Order Allowing Secured Creditor to Release Leasehold Rights. Applicant, an ex-director and guarantor, lacked locus standi as he was not a party to the original application and no fraud or mistake was established.

The judgment concerns an application filed by Mr Shashikant Pasari, an ex-director and guarantor of Rajan (Textile) Mills Pvt Ltd (in liquidation), se...

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Karnataka High Court Hears Regular First Appeal Against Dismissal of Suit for Declaration and Partition — Judgment Details Not Fully Extracted. The appeal challenges trial court's rejection of plaintiffs' claim of ownership and alternative partition.

Background: The dispute involved family members over properties standing in the name of the first defendant, Smt. N. Narasamma, who is the mother of t...