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Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...

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Supreme Court Dismisses Appeal by Erstwhile Directors in First Insolvency Case, Holding IBC Overrides State Moratorium. Corporate Debtor's Belated Defence of Non-Disbursal Under Master Restructuring Agreement Rejected as After-Thought.

The case arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The appellant, a multi-product company, faced ...

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Bombay High Court Quashes Disqualification of Sarpanch for Failure to Convene Monthly Meetings — Responsibility Lies with Village Development Officer Under Meeting Rules, Not Sarpanch Under Section 36 of Maharashtra Village Panchayat Act

The petitioner, Salimbi Mubarak Tamboli, was elected as Sarpanch of Grampanchayat Savargaon (Dere) in 2015, unopposed as the only OBC candidate. The U...

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Bombay High Court Quashes No Confidence Motion Against Sarpanch for Non-Compliance with Section 35(2) of Maharashtra Village Panchayats Act, 1959 — Meeting Convened Without Required Notice Period.

The petitioner, Parmanand Upwanshi, was elected as Sarpanch of Gram Panchayat, Murdada, in November/December 2012. Respondent nos. 3 to 8 moved the Ta...