The National Company Law Appellate Tribunal ("NCLAT") approved the resolution plan submitted by ArcelorMittal India Pvt. Ltd. ("ArcelorMittal") in the resolution proceedings involving Essar Steel...
The Uttar Pradesh Police Regulations: A Juridical Analysis of Statutory Authority, Judicial Interpretation, and Operational Dynamics Introduction The Uttar Pradesh Police Regulations (hereinafter...
The Doctrine of Deemed Sanction of Building Plans in Indian Law: Scope, Limitations, and Judicial Scrutiny Introduction The regulatory framework governing urban development and building construction...
In its ruling dated April 6, 2022, in the case of CFM Asset Reconstruction Private Limited v. S. S. Natural Resources Private Limited and Others [IA No. 538/KB/2021 in CP (IB) No. 349/KB/2017], the...
The NCLT's Kolkata Bench reaffirmed that the adjudicating authority lacked the capacity to consider cases of money laundering in Rahul Carbon Commercials Private Limited v. Kohinoor Steel Pvt. Ltd.,...
The National Company Law Appellate Tribunal ("NCLAT") has ruled that a contract termination notice sent by Tata Consultancy Services Limited ("Appellant") to S.K. Wheels Private Limited ("Corporate...
In the case of Sreeram E. Techno School Private Limited v. Beans and More Hospitality Private Limited Through R.P. Prabhjit Singh Soni, which was decided on September 11 of this year, the National...
In its ruling dated August 14, 2020 ("Judgment") in the case of Sushil Ansal v. Ashok Tripathi and Others [Company Appeal (AT) (Insolvency) No. 452 of 2020], the National Company Law Appellate...
The NCLAT, while laying down the law on this issue, held that the objective of the I&B Code is resolution and its purpose is for the maximisation of the value of assets of the corporate debtor and...
Explanation VI of Section 11 CPC: Representative Litigation and the Modern Doctrine of Res Judicata Introduction Section 11 of the Code of Civil Procedure, 1908 (“CPC”) embodies the doctrine of res...
Monotrone Leasing Private Limited v. PM Cold Storage Private Limited (decided on July 6, 2020): The National Company Law Appellate Tribunal ("NCLAT") held that the inability to pay debts and...
The National Company Law Appellate Tribunal ("NCLAT"), while upholding the decision of the National Company Law Tribunal, Mumbai ("NCLT"), held that the provisions of the Insolvency and Bankruptcy...
In the case of Sulochana Gupta & Ors. V. RBG Enterprises Pvt. Ltd., the Division Bench of Hon'ble Justices S Manikumar and Shaji P Chaly decided that the order issued by NCLT cannot be challenged...
Due to the order's enigmatic and silent nature, there is nothing in it to support the instructions for a forensic audit of the Company's financial records. the ruling rendered by the NCLAT New Delhi...
The Supreme Court recently considered the interaction between liquidation proceedings under the Insolvency and Bankruptcy Code, 2016 ("IBC") and Section 230 of the Companies Act, 2013 in the case of...
In this instance, the Supreme Court overturned SEBI and SAT rulings that found the managing director of PC Jewellers and a few of his family guilty of breaking the rules against insider trading. The...
Recently, the Supreme Court ruled in the well-known corporate dispute case known as the Tata-Mistry dispute: Tata Consultancy Services Ltd. v. Cyrus Investment Pvt. Ltd. & Ors. One of the biggest...
In the recent case before the NCLAT, the Appellant claimed that the Respondent is liable for the minimum fine prescribed for the violation under Section 165 (6) of the Companies Act, 2013, but the...
In this case, which is a landmark decision, the NCLAT had to decide whether a financial creditor could file a claim under Section 7 of the Code against both the principal debtor and the guarantor for...
The limitation only kicks in when there is a default and not when the obligation becomes due. In this instance, the respondent still owed the appellant money that it owed. As a result, the appellant...