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High Court

Bombay High Court Admits Petition for Reduction of Share Capital of Starwood Capital India Advisors Private Limited Under Sections 100-104 of Companies Act, 1956. The court directed publication of notice and dispensed with creditors' meeting due to absence of creditors.

9 May 2014

The petitioner, Starwood Capital India Advisors Private Limited, a company incorporated under the Companies Act, 1956, filed a Company Scheme Petition...

High Court

Bombay High Court Allows Reduction of Share Capital of Starwood Capital India Advisors Private Limited Under Sections 100-104 of Companies Act, 1956 — Procedure Under Section 101(2) Dispensed With Due to Absence of Creditors. The court held that where a company has no secured, unsecured or trade creditors, the requirement of obtaining creditor consent under Section 101(2) of the Companies Act, 1956 is not necessary.

9 May 2014

The applicant, Starwood Capital India Advisors Private Limited, a company incorporated under the Companies Act, 1956, filed a Company Summons for Dire...

High Court

Bombay High Court Allows Petition Challenging Re-Development Agreement and Bye-Law Amendments in Co-operative Housing Society. Court Holds That Re-Development Agreement and Bye-Law Amendments Without General Body Approval Are Void Under Maharashtra Co-operative Societies Act, 1960.

9 Jun 2026

The petitioner, B. K. Corporation, an association of persons, filed a writ petition challenging the validity of a re-development agreement and bye-law...

High Court

Bombay High Court Confirms Reduction of Equity Share Capital of Wartsila India Limited — Court Approves Special Resolution for Reduction of Share Capital to Provide Exit to Minority Shareholders, Rejecting Oppression Allegations. The Court held that the reduction was bona fide and not oppressive, and confirmed the reduction under Section 100 of the Companies Act, 1956.

15 Nov 2010

The judgment concerns a Company Petition filed by Wartsila India Limited (WIL) seeking confirmation of a special resolution passed on 10th November 20...

Supreme Court

Supreme Court Dismisses Appeal by Dissenting Secured Creditor in Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016. The Court upheld the commercial wisdom of the Committee of Creditors in approving a resolution plan, ruling that consideration of security interest value under Section 30(4) is a guideline not subject to judicial review under Section 61(3), absent unfair treatment within the same class.

13 May 2021

The dispute arose from the corporate insolvency resolution process of VSP Udyog Private Limited, where India Resurgence ARC Private Limited, a secured...

Supreme Court

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.

6 Sep 2018

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

High Court

Bombay High Court Allows Writ Petition Challenging Resolution of Nashik Municipal Corporation for Shortfall in Nomination of Shiv-Sena Councillor to Standing Committee. Court holds that the resolution violates Section 31 of the Maharashtra Municipal Corporations Act, 1949 and the principle of proportional representation.

28 Jan 2021

The petitioner, Ajay Boraste, an elected councillor of the Nashik Municipal Corporation (NMC) belonging to the Shiv-Sena party, challenged a resolutio...

High Court

Bombay High Court Dismisses Writ Petition Seeking Refund of Premium Paid Under ULC Act Government Resolution — Petitioner Cannot Claim Refund After Voluntarily Availing Benefit and Selling Land to Third Parties.

13 Mar 2025

The petitioner, Sudarshan Chemical Industries Ltd., was a beneficiary of an exemption order dated 29 February 1980 under Section 20(1) of the Urban La...

Supreme Court

Supreme Court Dismisses Appeal by Dissenting Financial Creditor in Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016. Approval of Resolution Plan by Committee of Creditors Based on Commercial Wisdom is Not Subject to Judicial Review on Grounds of Security Interest Value Omission, as Per Section 30(4) and Limited Scope Under Section 61(3).

13 May 2021

The appeal arose from a dispute under the Insolvency and Bankruptcy Code, 2016, involving the corporate debtor VSP Udyog Private Limited. The appellan...

High Court

Bombay High Court Upholds Petitioner Company in Reduction of Share Capital Case Under Sections 100-104 of Companies Act, 1956. Court-Ordered Valuation Found Plausible; Minority Objectors Failed to Prove Unfairness.

9 May 2014

Cadbury India Limited filed a petition under Sections 100 to 104 of the Companies Act, 1956, seeking sanction of a special resolution for reduction of...

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