Search Results for "Statutory framework"

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Search Results for "Statutory framework"

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Supreme Court

Supreme Court Upholds Constitutional Validity of Sections 35AA and 35AB of Banking Regulation Act, 1949 and RBI Circular on Stressed Assets Resolution. The Court held that the RBI circular dated 12.02.2018 is valid and not arbitrary, and that the requirement of 100% lender consent for restructuring and mandatory IBC reference for large accounts is within RBI's powers.

2 Apr 2019

The present batch of petitions and transferred cases challenged the constitutional validity of Sections 35AA and 35AB of the Banking Regulation Act, 1...

High Court

High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. Court holds that the Prudential Framework dated June 7, 2019, requires lenders to convene a review meeting within 30 days of default to decide on a resolution plan.

25 Jun 2026

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

Supreme Court

Supreme Court Clarifies Regulatory Framework for Aggregator Licensing Under Motor Vehicles Act - Guidelines Not Mandatory for State Governments. The Court held that Central Government's Motor Vehicle Aggregator Guidelines 2020 have persuasive value but are not binding on State Governments when granting licenses under Section 93 of Motor Vehicles Act 1988, as the proviso uses permissive language 'may follow' and ultimate discretion rests with States.

7 Feb 2023

The Supreme Court addressed petitions challenging the validity of a notification issued by the State of Maharashtra and related judgments of the Bomba...

High Court

Bombay High Court Hears Challenge to Food Safety Authority’s Advisories Allegedly Amending Regulations Without Statutory Power. Validity of Advisory Issued Under Food Safety and Standards Act, 2006, Questioned as Ultra Vires Section 92 of the Act.

28 Jan 2014

A writ petition under Article 226 of the Constitution of India was filed by Vital Nutraceuticals Private Limited and the Indian Drug Manufacturers’ ...

High Court

High Court of Judicature at Bombay Issues Rule in Public Interest Litigation Concerning Implementation of Mental Healthcare Act, 2017 — Found State Mental Health Framework Deficient and Patient Rights Violated. Court Recognized Need for Proper Constitution and Functioning of State Mental Health Authority Under Sections 45, 46, and 53 of Mental Healthcare Act, 2017, Based on Twelve-Year Incarceration of a Patient Abandoned by Family.

22 Mar 2024

The High Court of Judicature at Bombay considered a public interest litigation filed by a practicing psychiatrist highlighting the failure of the ment...

Supreme Court

Supreme Court Disposes of Constitutional Petition on COVID-19 Vaccination Access for Vulnerable Groups After Government's Comprehensive Response. Court found existing framework including expert-guided approvals, operational guidelines, AEFI surveillance, and Co-WIN portal modifications adequately protected fundamental rights under Article 21, with remaining operational suggestions left for government-expert deliberation.

25 Jan 2022

The Delhi Commission for Protection of Child Rights (DCPCR) filed a petition under Article 32 of the Constitution before the Supreme Court, seeking ef...

Supreme Court

Supreme Court Strikes Down Section 87 of Arbitration Act as Unconstitutional — Automatic Stay of Arbitral Awards Revived by 2019 Amendment Held Arbitrary and Violative of Article 14. The court held that the provision reintroducing automatic stay upon filing of a Section 34 application is manifestly arbitrary and contrary to the object of the 2015 Amendment Act.

27 Nov 2019

The judgment concerns a batch of writ petitions challenging the constitutional validity of Section 87 of the Arbitration and Conciliation Act, 1996, i...

Supreme Court

"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

25 Jul 2024

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

High Court

High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

25 Jun 2026

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in GST Detention Case — Confiscation Notice Under Section 130 Without Prior Adjudication Under Section 129 Held Invalid. The court held that proceedings under Section 130 of the CGST Act, 2017 cannot be initiated without first completing the adjudication process under Section 129 of the Act.

25 Sep 2023

The Revenue (Union of India and others) filed an intra-court appeal against the order of a learned Single Judge in W.P.No.100849/2022 dated 16.08.2022...

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