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Supreme Court Dismisses Appeal in Insolvency Case Due to Lack of Financial Creditor Status. Interest-Free Term Loan Does Not Qualify as Financial Debt Under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 as It Lacks Consideration for Time Value of Money.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the dismissal by the National Company Law Appellate Tribun...

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Supreme Court Dismisses Impleadment Applications by IPS Officers in Central Armed Police Forces Recruitment Rules Case. Impleadment Denied as Applicants Lacked Direct Legal Interest and Were Not Necessary Parties Under Order I Rule 10 of Code of Civil Procedure, 1908.

The Supreme Court dealt with interlocutory applications filed by Indian Police Service officers seeking impleadment in special leave petitions arising...