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Supreme Court Allows IDBI Bank's Appeal in Winding Up Case — Revival of Winding Up Proceedings Set Aside and Sale Deed Directed to Be Executed. Agreement to Sell Not Fraudulent Preference Under Section 531 of Companies Act, 1956 as Executed Beyond Six-Month Period and Bona Fide.

The Supreme Court considered two appeals by IDBI Bank (erstwhile United Western Bank) against judgments of the Madras High Court relating to the windi...

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Bombay High Court Quashes Adjudication Proceedings in FERA Case Due to Inordinate Delay of 27 Years. Revival of show cause notices after 27 years held arbitrary and violative of Article 14 of the Constitution of India.

The petitioners, Cambata Industries Pvt. Ltd. and three individuals, filed a writ petition under Article 226 of the Constitution of India seeking a wr...