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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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Bombay High Court Quashes Section 143(2) Notice Issued Beyond Time Limit in Income Tax Reassessment — Notice Issued After Expiry of Statutory Period Under Section 149 of Income Tax Act, 1961 Is Invalid.

The petitioner, AMNS Khopoli Limited (formerly Uttam Galva Steels Limited), challenged a notice dated 31st May 2023 issued by the Assistant Commission...

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Supreme Court Allows Fresh Resolution Process for Corporate Debtor Despite Default by Successful Resolution Applicant. Time Spent in Litigation Excluded to Uphold Maximisation of Asset Value Under Insolvency and Bankruptcy Code, 2016.

The appeal arose from the corporate insolvency resolution process of Amtek Auto Limited, initiated under Section 7 of the Insolvency and Bankruptcy Co...

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Supreme Court Dismisses Appeal Against Refusal to Sanction Variation of Town Planning Scheme. State Government's Refusal to Delete Internal Road Upheld as Valid Exercise of Discretion Under Section 91 of the Maharashtra Regional and Town Planning Act, 1966.

The appeal arose from a judgment of the Bombay High Court dismissing a writ petition filed by the appellant trust. The trust challenged an order dated...

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Supreme Court Dismisses Appeals Against High Court Order Protecting Open Spaces in JVPD Scheme. Layout Reservation of 1967 Prevails Over Development Plan of 1999 Under DCR.

The Supreme Court dismissed appeals against the Bombay High Court judgment that declared two plots in JVPD Scheme, Mumbai, as mandatory open spaces an...

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Bombay High Court Dismisses Petition Challenging Corrigendum to Final Development Plan. Corrigendum Restoring Botanical Garden Reservation Upheld as Permissible Rectification of Error Without Fresh Notification Under MRTP Act.

The petitioner, Housilal Balchand Shah, owned land in survey no. 34 at Anand Valli, Nasik. In the draft development plan under the Maharashtra Regiona...