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High Court of Bombay at Nagpur Dismisses MSEDCL's Challenge to CGRF Order Setting Aside Retrospective Subsidy Recovery. Retrospective Recovery of VM Subsidy Without Prior Notice Held Unjust Under MERC Regulations.

The petitioner, Maharashtra State Electricity Distribution Company Limited (MSEDCL), challenged the final order dated 15.01.2025 passed by the Consume...

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Supreme Court Quashes Special Court's Order in Benami Transactions Case. "Loans repaid without adequate documentation—burden of proof remains on the Custodian."

The Supreme Court of India overturned judgments by the Special Court relating to recoveries from the appellants (Suman L. Shah and Laxmichand Shah) as...

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NCLAT Dismisses Shareholder's Appeal Against Admission of CIRP for Corporate Debtor Under Section 9 IBC. Pre-Existing Dispute Not Established as Dispute Raised After Demand Notice and Lacking Evidence.

The present appeal was filed by Surendra Sancheti, a shareholder of Altius Digital Private Limited (Corporate Debtor), under Section 61 of the Insolve...

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Bombay High Court Allows SICOM Petition to Enforce Guarantee Liability Under State Financial Corporations Act, 1951. Guarantors' Defense of Discharge Due to Variation in Contract Rejected as Guarantees Were Continuing and No Material Alteration Occurred.

The petition was filed by SICOM Ltd., a State Financial Corporation, under Sections 31(1)(aa) and 32 of the State Financial Corporations Act, 1951, se...