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National Company Law Appellate Tribunal Dismisses Appeals by Suspended Director Challenging Withdrawal of CIRP Application Under Section 12A of IBC -- Orders Permitting Withdrawal and Deletion of Suspended Management Upheld

The National Company Law Appellate Tribunal dismissed Appeals by Appellant, Suspended Director, against orders of the Adjudicating Authority related t...

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Dispute Over Insolvency Proceedings and Settlement. A pivotal judgment addressing the scope of inherent powers under Rule 11 of NCLAT Rules for settling insolvency proceedings before the constitution of the Committee of Creditors.

The Supreme Court of India examined the legality of a settlement approved by the National Company Law Appellate Tribunal (NCLAT), which was challenged...

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"Bombay High Court Quashes Tax Proceedings Against Uttam Value Steels Ltd. Post-Resolution Under IBC" "Resolution Plan Approval Under IBC Shields Corporate Debtor from Pre-Insolvency Tax Claims."

  1. Background of the Case: The petition was filed by Uttam Value Steels Ltd. and Mr. Subodh Karmarkar challenging multi...

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High Court Quashes Reassessment Proceedings Against Uttam Galva Metallics Ltd. Resolution Plan Under IBC Precludes Tax Reassessment for Pre-Resolution Period, Rules Bombay High Court.

The Bombay High Court quashed the reassessment proceedings initiated by the Income Tax Department against Uttam Galva Metallics Ltd. for the assessmen...

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Court Confirms Limited NEET 2024 Malpractice, Orders Security Overhaul. Expert analyses uphold exam integrity; comprehensive measures to prevent future leaks mandated.

The judgment addresses allegations of malpractice in the NEET (UG) 2024 exam, specifically incidents in Hazaribagh and Patna. The Court confirmed limi...

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Court Upholds Termination of Slum Rehabilitation Agreement Due to Appellant's Failures. High Court and AGRC find appellant's internal issues, not external factors, caused significant delays in the slum redevelopment project; call for systemic reforms to improve efficiency and fairness.

The judgment addresses the delays in a slum rehabilitation project under the Maharashtra Slum Areas (Improvement, Clearance, and Redevelopment) Act, 1...

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Supreme Court of India: Judgment on Regulation and Approval of Genetically Modified Crops. Ensuring adherence to environmental safety, legal standards, and public health in the approval process for GM crops in India.

The Supreme Court of India concerning various writ petitions filed in public interest related to the regulation and approval of Genetically Modified (...

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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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Court Declares Maharashtra's RTE Amendment Rules 2024 Ultra Vires. Maharashtra's new education amendment restricting private school admissions overturned, safeguarding disadvantaged children's right to education.

The petitions challenge the Maharashtra Right of Children to Free and Compulsory Education (Amendment) Rules, 2024, which add provisos to Rules 4(5) a...

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Supreme Court Directs SEBI to Liquidate Sai Group of Companies' Assets to Refund Investors Comprehensive Mandate Issued for Asset Auction and Investor Refund Process

The petitioners, a family of three, have invoked the jurisdiction of the Supreme Court under Article 32 of the Indian Constitution, seeking several di...