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Supreme Court Dismisses Appeals by Appellants -- Upholds Committee of Creditors' Approval of Sarda Energy and Minerals Limited's Resolution Plan Under Insolvency and Bankruptcy Code, 2016 -- Doctrine of Commercial Wisdom Affirmed in Insolvency Resolution

The Supreme Court upheld the approval of a Resolution Plan by Sarda Energy and Minerals Limited (SEML) for SKS Power Generation (Chhattisgarh) Ltd. un...

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Supreme Court Upholds Auction Validity: Battle Over Mortgage Redemption and Property Title. A landmark ruling interpreting the SARFAESI Act clarifies borrower and auction purchaser rights amidst contested mortgage and property transfer cases.

The Supreme Court adjudicated a dispute arising from a public auction under the SARFAESI Act involving Celir LLP (auction purchaser), Sumati Prasad Ba...

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High Court Resolves Dispute over Shareholding in Hospital Project. Specific Performance Decree Enforces Sale of 50% Shares Amid Conflicting Bids and Automatic Sale Clause Dispute.

The Bombay High Court delivered a judgment concerning a business dispute between Ashok Kumar Kothari and Sanwarlal Agarwal over the shareholding of a ...

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Supreme Court Upholds Cancellation of Land Conversion and Sale in High-Profile Lucknow Property Dispute. City Montessori School's bid recognized, but plot ownership and auction legality remain unresolved in a 20-year legal battle with Shri M.M. Batra.

The dispute between City Montessori School and Shri M.M. Batra involves a plot of land (Plot No. 90-A/A-754) in Lucknow. The plot, originally leased t...

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Court Upholds CIDCO's Decision to Cancel Bid for Belapur Plot. Judicial Review Finds No Arbitrariness in CIDCO's Commercial Decision

The proceedings under Article 226 of the Constitution of India challenge the decision by the City and Industrial Development Corporation of Maharashtr...

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Supreme Court Upholds High Court's Decision on Auction Sale: Statutory Violations Render Sale Null and Void. Despite recognizing significant procedural breaches, the Supreme Court offers the appellant a chance to retain the industrial property by settling liabilities.

The legality of an auction sale conducted by the Tahsildar and confirmed by the Additional Collector, which was later contested on the grounds of stat...