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Supreme Court Dismisses Appeals by Liquidators Challenging Benami Act Attachment Orders, Upholds NCLAT Ruling that IBC Authorities Lack Jurisdiction to Entertain Challenges to Benami Act Orders During Insolvency Proceedings

The Supreme Court dismissed a batch of civil appeals filed by liquidators challenging provisional attachment orders issued under the Prohibition of Be...

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High Court Dismisses Writ Petitions by Former Employees of Wellman Hindustan Limited Challenging Industrial Court Order on Unpaid Wages Under MRTU and PULP Act

The High Court of Bombay heard multiple connected writ petitions challenging the Industrial Court's dismissal of a complaint filed by former employees...

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Supreme Court Dismisses NOIDA SEZ Authority Appeal on Resolution Plan for Shree Bhoomika International Ltd. Upholds Commercial Wisdom in the Corporate Insolvency Process.

The Supreme Court of India dismissed the appeal by the NOIDA Special Economic Zone (SEZ) Authority challenging the resolution plan approved by the Nat...

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Supreme Court Affirms Guarantor's Independent Liability Despite Resolution Plan. Guarantor's obligations remain intact; assets of subsidiaries excluded from holding company’s resolution plans, creditor rights upheld

The Supreme Court of India affirmed that the approval of a resolution plan for a corporate guarantor does not absolve the principal borrower of its li...

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Validity of Property Sale During Company Liquidation - Court Validates Transaction Under Companies Act

An interim application sought to declare a sale agreement dated 5th September 2007 as unaffected by Section 536(2) of the Companies Act, 1956, and to ...

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Maharashtra Slum Rehabilitation Act Redevelopment Case: Compliance, Delays, and Judicial Decisions in Urban Renewal Efforts

The redevelopment case under the Maharashtra Slum Rehabilitation Act: Involving multiple parties including developers, municipal authorities, and coo...