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Supreme Court Allows Appeals in Power Purchase Agreement Dispute — Fixed Costs Payable Irrespective of Energy Purchase. HERC Order Set Aside as Tariff Commission's Final Order Binding on Parties Under Section 86(1)(f) of Electricity Act, 2003.

The appeals arose from an Appellate Tribunal for Electricity (APTEL) order dated 23.03.2012, which upheld the Haryana Electricity Regulatory Commissio...

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Supreme Court Allows CIDCO's Appeal Against Quashing of Additional Lease Premium Demand. High Court's Direction to Issue 'No Dues Certificate' Set Aside as Respondent No.3 Failed to Establish Timely Completion of Construction.

The Supreme Court allowed the appeal filed by City & Industrial Development Corporation of Maharashtra Ltd. (CIDCO) against the order of the Bombay Hi...

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Bombay High Court Allows Appeal in Bond Trustee Case — Appoints Receiver and Grants Injunction Against Alienation of Assets. Trustee entitled to protect bondholders' interests where corporate debtor defaulted on convertible bonds and attempted to transfer business to related parties.

The Bank of New York Mellon, as trustee for bondholders, filed a suit against Zenith Infotech Ltd. and others after Zenith defaulted on repayment of U...

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Bombay High Court Dismisses Appeal Against Appointment of Receiver in Suit for Specific Performance — Appellant's Alienation of Property During Pendency of Suit Held Contumacious. Doctrine of Lis Pendens Under Section 52 of Transfer of Property Act, 1882 Applied to Protect Plaintiffs' Rights.

The appeal arose from an order appointing a Receiver over a property in a suit for specific performance and permanent injunction. The plaintiffs (resp...

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NCLAT Hears Appeal Against NCLT Order in Byju's Insolvency Case — NCLT Set Aside CoC Reconstitution and Reclassification of Creditor. Appeal Filed by Suspended Director and Promoter Under Section 61 of IBC Challenges Validity of NCLT Directions.

The appeal was filed by Byju Raveendran, the suspended director and promoter of M/s Think and Learn Pvt. Ltd., under Section 61 of the Insolvency and ...