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Supreme Court Upholds NCLAT Decision on Limitation in Insolvency Petition Initiated by Financial Creditor. Application Under Section 7 of Insolvency and Bankruptcy Code, 2016 Held Within Limitation After Excluding Time Spent in SARFAESI Proceedings Under Section 14(2) of Limitation Act, 1963.

The appeal arose from a judgment of the National Company Law Appellate Tribunal (NCLAT) dismissing an appeal against an order of the National Company ...

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Bombay High Court Adjudicates Application for Enforcement of Scheme in Sanghi Motors (Bombay) Limited. Scheme formulated under Sections 397, 398, 402 of Companies Act, 1956 involves transfer of oxygen undertaking assets and cylinders.

The matter pertains to Company Application No.328 of 1990 arising out of Company Petition No.128 of 1985, filed before the High Court of Judicature at...

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High Court of Karnataka Hears Petitions Seeking Quashing of Criminal Proceedings in Land Grant Fraud Case. Petitioners Argue Complaint Lacks Specific Allegations and Trial Court Erred in Ordering Investigation.

Three criminal petitions were filed under Section 482 of the Code of Criminal Procedure, 1973 by accused Nos. 2 to 4 in PCR No.30/2012 seeking to quas...

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Karnataka High Court Division Bench Hears Appeals Against Single Judge Order Quashing SARFAESI Auction Sale. Single Judge Had Canceled Sale Deed of Agricultural Land for Non-Compliance with Statutory Notice Requirements and Prohibition on Selling Agricultural Land under SARFAESI Act, 2002.

The dispute arose from a writ petition filed by a borrower challenging the auction sale of his property under the Securitisation and Reconstruction of...

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High Court of Karnataka Allows Appeal in Companies Act Case — Acquittal Set Aside for Non-Prosecution of Director. Section 452 of Companies Act, 2013 requires that a director must be prosecuted for the company's default; acquittal of director without trial on merits is illegal.

The appellant, M/s. P.M. Granites Exports Pvt. Ltd., filed a complaint under Section 452 of the Companies Act, 2013 against the respondent, T. Manohar...

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Bombay High Court Division Bench Hears Writ Petitions Challenging Municipal Corporation's Power to Regulate Hoardings on Railway Property. Petitions seek declaration that Railway Properties exempt from local authority jurisdiction under Railways Act, 1989.

The Bombay High Court heard a batch of writ petitions filed by the Union of India (Western Railway) and numerous private advertising entities. The pet...

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Supreme Court Dismisses Appeal in Hindu Religious Endowment Dispute — 'Bakers Choultry' Held as Specific Endowment Under Tamil Nadu HR&CE Act. Rock Inscription Providing for Feeding Brahmins During Festivals Constitutes Religious Charity, Not Private Property.

The Supreme Court dismissed the appeal challenging the concurrent findings that 'Bakers Choultry' is a specific endowment under the Tamil Nadu Hindu R...