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Supreme Court Allows Insolvency Proceedings Under IBC Over Defunct Scheme of Arrangement -- IBC Prevails Over Companies Act in Recovery of Defaulted Loans

The Supreme Court allowed an appeal against the Company Law Appellate Tribunal's order that kept in abeyance an application under Section 7 of the Ins...

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High Court Dismisses Arbitration Petition Challenging Award Under Arbitration and Conciliation Act, 1996 -- MOU Found Not Amenable to Specific Performance Due to Third-Party Litigation

The High Court dismissed an Arbitration Petition challenging an Arbitral Award that rejected claims for specific performance of a Memorandum of Unders...

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Supreme Court Dismisses Developer's Appeals in Consumer Disputes Over Delayed Flat Possession -- NCDRC Orders Upheld for Completion, Compensation, and Costs Under Consumer Protection Act

The Supreme Court addressed three civil appeals arising from NCDRC orders in consumer complaints filed by flat buyers against Parsvnath Developers Ltd...

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High Court Quashes FIR Under Section 498-A IPC Against Husband and In-Laws in Matrimonial Discord Case. Allegations of Cruelty Fail Due to Lack of Prima Facie Evidence and Abuse of Process of Law

The Applicants, including the husband and his family members, filed a criminal application seeking quashing of an FIR registered under Section 498-A r...

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High Court Allows Writ Petition, Sets Aside Stamp Duty Assessment on NCLT Order Under Maharashtra Stamp Act, 1958 -- Petitioner Challenges Rs. 50,00,000 Duty on Amalgamation Scheme Instrument

The High Court heard a writ petition by Petitioner. challenging stamp duty assessment of Rs. 50,00,000 on an NCLT Mumbai order sanctioning a composite...

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High Court Quashes Prosecution Against Retired CEO in Corruption Case Due to Lack of Sanction Under Prevention of Corruption Act

The High Court allowed a criminal revision application by Applicant, a retired public servant, quashing his prosecution under the Prevention of Corrup...

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High Court of Karnataka Allows Appeal Against Injunction Restraining Bank from Enforcing Corporate Guarantee. The court set aside the injunction as the guarantee deed was unconditional and the bank had a prima facie case under Order 39 Rules 1 and 2 of CPC, enabling it to proceed under SARFAESI Act and IBC.

The appeal arose from an order dated 25.07.2024 passed by the LXXXV Additional City Civil and Sessions Judge, Bengaluru (Commercial Court) in I.A. No....

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Supreme Court Clarifies Inapplicability of S. Nithya Judgments to Cricket Associations in Membership and Election Dispute. Tiruchirappalli District Cricket Association Appeals Against Madras High Court's Application of Athletics Governance Reforms to Cricket Association

The Supreme Court heard appeals from the Appellant against the Madras High Court's judgment that applied directions from S. Nithya cases to the cricke...