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Supreme Court Allows Appeals of Successful Resolution Applicant and Resolution Professional in IBC Case — Commercial Wisdom of CoC Upheld. NCLAT Order Set Aside as It Improperly Interfered with CoC's Decision to Accept H1 Bidder's Plan Despite Belated Revised Offer.

The Supreme Court allowed the appeals filed by Ngaitlang Dhar (successful resolution applicant) and Amit Pareek (Resolution Professional) against the ...

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Supreme Court Allows Fresh Resolution Process for Corporate Debtor Despite Default by Successful Resolution Applicant. Time Spent in Litigation Excluded to Uphold Maximisation of Asset Value Under Insolvency and Bankruptcy Code, 2016.

The appeal arose from the corporate insolvency resolution process of Amtek Auto Limited, initiated under Section 7 of the Insolvency and Bankruptcy Co...

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Supreme Court Allows Correction of Clerical Error in Stamp Duty Case Through Miscellaneous Application. The court substituted 'Collector of Stamps, Mumbai' with 'Collector of Stamps, Pune, Rural' in paragraph 32 of its earlier judgment dated 24 September 2021, disposing of the application accordingly.

The Supreme Court of India, in its civil appellate jurisdiction, addressed a miscellaneous application filed in connection with a civil appeal. The ap...

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Supreme Court Dismisses Appeal in Partnership Dispute Over Share Entitlement. Plaintiffs Failed to Prove Capital Contribution of Rs.50,00,000 as per Partnership Deed Dated 30.10.1992, Thus Entitled Only to 10% Share in Profits and Losses Until Expulsion on 18.6.2004.

The dispute originated from a partnership firm, M/s Selwel Combines, reconstituted in 1992 with plaintiff No.1 inducted as a partner under a deed stip...

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Supreme Court Allows Correction of Typographical Errors in Judgment Through Miscellaneous Application. Court Exercised Inherent Power to Rectify Clerical Mistakes in Monetary Amounts and Counsel Appearances in Previous Judgment Dated 24 September 2021.

The Supreme Court of India heard a miscellaneous application filed by M/s Magadh Sugar and Energy Ltd seeking correction of typographical errors in a ...

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Supreme Court Dismisses Appeal in Petrol Pump Dealership Case Over Invalid Lease as of Application Date. Lease Deed with Future Commencement Clause Did Not Satisfy Evaluation Criteria Under Advertisement Requiring Registered Long Lease as on Date of Application, Leading to Loss of Marks and Position.

The dispute arose from an advertisement published by Indian Oil Corporation Ltd. on 12.10.2011 inviting applications for petrol pump dealerships. The ...