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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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Supreme Court Allows Appeals in Compassionate Appointment Case — No Right to Claim Higher Post After Accepting Lower Post. Appointment on compassionate basis is a concession to tide over sudden financial crisis; once accepted, cannot be renegotiated for a higher post.

The case involves eight appeals arising from a common judgment of the Madras High Court. The respondents, M. Jayabal and others, were initially appoin...

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Bombay High Court Commutes Death Sentence to Life Imprisonment in Double Murder Case — Conviction Under Sections 302 and 309 IPC Upheld but Death Penalty Not Warranted Due to Lack of Aggravating Circumstances

The case arises from a tragic incident where the accused, Prakash Vinayakrao Shingnapure, murdered his wife Pranita and 13-year-old daughter Shreya in...

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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 Allows Winding Up of S. Kumars Nationwide Ltd. for Inability to Pay Debts. Multiple financial creditors and operational creditors successfully proved the company's insolvency under Sections 433(e) and 434 of the Companies Act, 1956.

The judgment concerns a batch of company petitions filed by various financial creditors and operational creditors seeking the winding up of S. Kumars ...

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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...