Search Results for "financial difficulty"

620 result(s) found

Scroll Down To Discover

Found 620 result(s)

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Appeals Against Insolvency Initiation Under Insolvency and Bankruptcy Code, 2016 -- NCLAT Order Upheld in Favor of Allottees as Financial Creditors -- Corporate Debtors Failed to Deliver Possession and Complete Formalities

The Supreme Court dismissed civil appeals filed by erstwhile directors of corporate debtors against the NCLAT judgment which upheld the NCLT order ini...

© Image Copyrights Juris Services & Technology

Supreme Court Allows State Appeal in Tender Cancellation Case — Public Interest Justifies Cancellation of LoI Despite Prior Acceptance. Non-Arbitrariness in State Action Not Established When Cancellation is Based on Legitimate Concerns Over Technical Compliance and Financial Viability.

The dispute arose from a tender issued by the State of Himachal Pradesh for the supply, installation, and maintenance of electronic Point-of-Sale (ePO...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Appeals by DISCOMs and Generating Companies in Electricity Tariff Dispute — Change in Law Compensation for Coal Shortfall Must Be Computed Based on Actual GCV and SHR as per PPAs.

The judgment involves two civil appeals concerning the determination of compensatory tariff for Change in Law events under long-term Power Purchase Ag...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Appeal of Resolution Professional in IBC Moratorium Dispute. Section 14(1)(d) of Insolvency and Bankruptcy Code, 2016 prohibits owner from recovering property occupied by corporate debtor during moratorium, even under joint development agreement.

The appeal arose from a dispute concerning the interpretation of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC). The appellant, Ra...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Compassionate Appointment to Married Daughter Despite Financial Stability of Family Members — School Education and Employment Law. The Court held that marriage is not a disqualification and financial condition of other family members is irrelevant if the applicant is in need.

The petitioner, Seema Kausar, filed a writ petition seeking compassionate appointment as an Assistant Teacher in a school run by respondent No. 4, Urd...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

© Image Copyrights Juris Services & Technology

High Court of Bombay at Aurangabad Dismisses Writ Petition Seeking Compassionate Appointment After 17 Years Delay. Petitioner failed to apply within prescribed time limits under Government Resolutions of 1985 and 1996, and no continuing cause of action existed.

The petitioner, Pawan Dinkar Palaskar, filed a writ petition challenging the order of the Maharashtra Administrative Tribunal, Aurangabad Bench, dated...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Arbitration Petitions for Appointment of Arbitrator Due to Absence of Arbitration Agreement. Invoices Relied Upon by Distributors Did Not Contain Arbitration Clause, and No Other Agreement Was Produced.

The judgment involves multiple arbitration petitions filed by various distributors (petitioners) against Elder Pharmaceuticals Limited (respondent) se...