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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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Civil Revision Application under Section 115 of CPC - Eviction Case from Public Premises. Challenging the City Civil Judge's Decision in a Complex Eviction Case Involving Government-Owned Public Premises

Civil revision application under Section 115 of the Code of Civil Procedure, 1908, regarding a judgment and order passed by the City Civil Judge, Grea...

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Supreme Court Dismisses Bank's Appeal Against National Textile Corporation in Pre-Nationalisation Dues Dispute. Claims for pre-nationalisation period cannot be enforced against the successor entity under the Textile Undertakings (Nationalisation) Act, 1995.

The dispute arose from credit facilities extended by UCO Bank (appellant) to Shree Sitaram Mills Ltd., which was taken over by the National Textile Co...

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Supreme Court Allows Appeal of Resolution Professional in IBC Moratorium Dispute. Section 14(1)(d) of Insolvency and Bankruptcy Code, 2016 prohibits owner from recovering property occupied by corporate debtor during moratorium, even under joint development agreement.

The appeal arose from a dispute concerning the interpretation of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC). The appellant, Ra...

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Supreme Court Allows Union of India's Appeals in National Highways Act Land Acquisition Cases — Section 3J Not Violative of Article 14. The Court held that the non-grant of solatium and interest under the National Highways Act, 1956 is not discriminatory and the Act is a complete code.

The Supreme Court, in a batch of appeals filed by the Union of India, considered the validity of the non-grant of solatium and interest under the Nati...

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Supreme Court Upholds Pro-rata Pension for Voluntary Retiree Under Bank's Voluntary Retirement Scheme. Employee with 11 years of service and over 40 years of age held eligible for pension under Regulation 14 of Central Bank of India (Employees') Pension Regulations, 1995.

The case involves an appeal by the Central Bank of India against a judgment of the Rajasthan High Court which allowed the writ petition of the respond...