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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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High Court Refers Writ Petition to Larger Bench Due to Conflict on MRTP Act Reservation Lapsing. Dispute Involves Whether Notice Under Section 127 Served Before Plan Revision Lapses Upon Finalisation of Revised Development Plan Under Maharashtra Regional and Town Planning Act, 1966.

The judgment pertains to a writ petition filed by an agriculturist challenging the reservation of his land for a primary school under the Maharashtra ...

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Bombay High Court Dismisses Second Appeal in Property Injunction Suit — Concurrent Findings of Possession Upheld. Court holds that the plaintiff's possession over suit plots was established through evidence and the defendants failed to prove their title or prior possession.

The case involves a second appeal filed by the defendants (appellants) against the concurrent judgments of the trial court and the first appellate cou...

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Supreme Court Affirms Fair Compensation for Land Acquisition in Akola District. Judgments ensure balanced development needs and individual rights amidst 'Blue Zone' classification disputes.

Acquisition of land in Akola District, Maharashtra, under the MRTP Act. The core issues revolve around the classification of land as 'Blue Zone' and t...

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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...

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Supreme Court Dismisses Appeals by Nagpur Improvement Trust Challenging High Court Order Setting Aside Demolition Notice. Internal Road Not Shown in Development Plan Under MRTP Act Cannot Be Implemented Despite Earlier Scheme Under NIT Act.

The case involves a dispute over a 15-metre internal road proposed under a Town Planning Scheme (the 'Abhyankar Road Widening and Buty Mahal Street Sc...

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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...

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Bombay High Court Dismisses Petitions Challenging Land Acquisition for Garden and Playground in Development Plan. Land Reserved Under Maharashtra Regional and Town Planning Act, 1966 Cannot Be Challenged on Grounds of Delay or Change of Purpose Once Acquisition Proceedings Are Initiated.

The judgment concerns two writ petitions filed by Abhijit Chandrakant Chaunda and Chandrashekhar Mallikarjunappa Bidve challenging the acquisition of ...