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Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

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Supreme Court Upholds Decree for Specific Performance in Agreement to Sell Dispute Involving Agricultural Land. Court Applies Doctrine of Lis Pendens to Transfers Made During Litigation and Affirms Plaintiff's Readiness and Willingness Based on Documentary Evidence.

The appeal arose from a suit for specific performance of an agreement to sell dated 18.07.1988, where the plaintiff agreed to purchase agricultural la...

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Supreme Court Allows Appeal of Selected Candidate in Himachal Pradesh Board of School Education Recruitment Case. Power of Relaxation Under Rule 18 of R&P Rules Upheld for Candidate with Higher Qualification and Highest Merit Score Despite Lack of Prescribed Work Experience.

The present appeals arose from a recruitment process initiated by the Himachal Pradesh Board of School Education for the post of Computer Hardware Eng...

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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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High Court Acquits Accused in POCSO Act Case Due to Inadequate Age Proof and Inadmissible Evidence. Conviction Under Sections 6 of POCSO Act, 366 and 376 of IPC Overturned

The appellant was convicted by the trial court for offences under Section 6 of POCSO Act read with Section 376 of IPC and Section 366 of IPC, involvin...