Search Results for "Financial Distress"

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Supreme Court Upholds Interim Protection in Oppression and Mismanagement Petition Under Companies Act, 2013. Court Extended Restraint on Construction and Permitted Limited Protective Works to Preserve Subject Matter of Dispute Pending Adjudication by NCLT.

The dispute arose from a company petition filed by the appellants under Sections 241, 242, 244, and 59 of the Companies Act, 2013, alleging oppression...

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High Court Dismisses Writ Petitions by Former Employees of Wellman Hindustan Limited Challenging Industrial Court Order on Unpaid Wages Under MRTU and PULP Act

The High Court of Bombay heard multiple connected writ petitions challenging the Industrial Court's dismissal of a complaint filed by former employees...

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High Court Dismisses Petitions for Compassionate Appointment in Judgment -- Family Financial Status Under Government Resolution Defeats Claims Despite Death in Harness

The High Court of Gujarat dismissed petitions filed by Tinuben Rameshbhai Chaudhary seeking compassionate appointment after her father's death while i...

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Bombay High Court Quashed the Order of Joint Charity Commissioner Allowing the Sale of Trust Properties – Remanded Back for Fresh Adjudication. Ensuring Transparency and Protection of Trust’s Interests – Court Mandates Re-Evaluation of Trust Property Sale

The Court held that the Charity Commissioner must rigorously evaluate the necessity and benefits of alienating trust property, ensure fair market valu...

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Supreme Court Clarified the Scope of Interim Moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 – Held That Regulatory Penalties Imposed by the Consumer Protection Act, 1986, Are Not Covered

Invoking Insolvency Proceedings Cannot stay execution of Penalty Orders for Consumer Protection Law Violations – The Apex Court Upheld the NCDRC’s...

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Supreme Court Set Aside High Court’s Order Directing Compassionate Appointment – Lump Sum Ex-Gratia Granted Under Article 142. Compassionate Appointment – Financial Condition Consideration – High Court Erred in Overlooking Suitability Criterion – Article 142 Invoked for Equitable Relief

Acts And Sections Discussed Constitution of India, 1950 – Article 142 – Extraordinary Power Exercised for Equitable Relief – Para 49 Civil P...

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Supreme Court Denies Compassionate Appointment but Grants Ex-Gratia Relief Option to Deceased Constable’s Family. Compassionate Employment Requests Must Meet Eligibility Timelines – Relief Only for Immediate Financial Distress.

The appeal involved the appellant, Tinku, seeking compassionate appointment in the Haryana Police, following his father’s death in the line of duty....

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"Bombay High Court Orders Interim Relief in Shareholder Dispute" Court mandates security deposit from EbixCash Group to secure arbitration award.

The dispute stems from a Shareholders Agreement (SHA) signed in 2017, requiring the respondents to buy the petitioner's shares. Arbitration proceedin...

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Transfer Petition Allowed: Convenience of Wife Overcomes Objections, Court Urges Compliance with Legal Aid Advocate Fee Structure. Court prioritizes wife’s convenience, emphasizes the importance of maintaining fair remuneration for Legal Aid Advocates.

The Applicant-wife sought the transfer of Marriage Petition No. 71/2016 from Vasai to Panvel due to age-related hardship and medical conditions. After...