Companies Act

The appellant, IL & FS Financial Services Ltd., entered into a term loan agreement with the respondent, Adhunik Meghalaya Steels Pvt. Ltd., in 2015, which became a non‑performing asset on 1 March 2018. The appellant filed a Section 7 application under the Insolvency and Bankruptcy Code on 15 January 2024, relying on th…

The City and Industrial Development Corporation of Maharashtra (CIDCO) invited a tender for leasing land for hotel development and allotted the plot to the highest bidder, Metropolis Hotels, which later changed the land use and subdivided the plot, assigning part to Shishir Realty. Complaints of irregularities led to a…

The appellants, heirs of Durgaprasad Lashkari, sought to prevent the Official Liquidator from selling a 199‑year leasehold property of Prasad Mills Ltd., which was under winding‑up. The High Court held that the landlord could not evict on the ground of non‑payment of rent because the secured creditors were ready and wi…

The Himachal Pradesh Government introduced the 1999 Pension Scheme for employees of state-owned corporations, replacing the Employees' Provident Funds Scheme, 1995. After a high‑level committee found the scheme financially unsustainable, the Government issued a notification on 2 December 2004 repealing the scheme, allo…

Berger Paints India Ltd. claimed a deduction under section 35D of the Income Tax Act for preliminary expenses, treating the premium received on its issued share capital as part of the "capital employed in the business of the company". The Assessing Officer disallowed the claim, the Commissioner of Income Tax allowed it…

The appellants, directors of Priknit Apparel Ltd, received an investment of Rs 2.5 crore from Respondent No. 2 (SMC Global Securities) in exchange for 2,50,000 equity shares, but failed to launch an IPO as per the memorandum of understanding. The complainant filed a police complaint in Delhi which was dismissed, and su…

The petitioners, a trade union and former employees of Hindustan Zinc Ltd (HZL), challenged the Union Government's plan to sell its remaining 29.54% stake in HZL, arguing that the Nationalisation Act, 1976 required a parliamentary amendment for any such disinvestment. The Court examined whether the earlier decision in …

The appellants, promoter‑directors of a listed finance company, were found to have purchased shares in violation of SEBI's insider‑trading regulations and were penalised by an SEBI Adjudicating Officer on 28‑08‑2014. The penalty orders required payment within 45 days and were affirmed by the Supreme Court in 2019, afte…

The appellant, Booz‑Allen & Hamilton Inc., sought to refer a mortgage suit filed by SBI Home Finance Ltd. to arbitration under clause 16 of a tripartite deposit agreement. The High Court rejected the application, holding that the dispute was not covered by the arbitration clause, that the appellant had waived its right…

The workmen employed in the canteen of Air India, which was operated by Chef Air, a unit of the Hotel Corporation of India (HCI), claimed they were regular employees of Air India. Air India argued that HCI was a separate legal entity and that it had no control over the workers' hiring, wages, or discipline. The Supreme…

The Supreme Court addressed a series of applications concerning bail procedures, directing that any non‑compliance with Sections 41 and 41A of the Code of Criminal Procedure (CrPC) automatically entitles the accused to bail. It emphasized that courts must verify compliance with these sections before authorising detenti…

The Supreme Court considered appeals by several coal traders (including S.J. Coke Industries) seeking a refund of excess amounts paid under a government‑mandated e‑auction scheme for coal, which had been declared ultra vires and void by the Court in the Ashoka Smokeless Coal case. The Central Coalfields Ltd. (CCL) oppo…

The State of Jharkhand challenged two writ petitions filed by Shiv Shankar Sharma as public‑interest litigations (PILs) that sought a mandamus directing investigative agencies to probe alleged money‑laundering through shell companies and to prosecute the Chief Minister for a mining lease. The Supreme Court examined whe…

The Municipal Council of Sendhwa invited tenders for an integrated water supply scheme and accepted the bid of M/s P.C. Snehal Construction Company (respondent No.2). Tejas Constructions & Infrastructure Pvt. Ltd. (appellant) challenged the award on two grounds: the successful bidder had not filed audited balance‑sheet…

Canara Bank paid interest on fixed deposits to the New Okhla Industrial Development Authority (NOIDA) without deducting tax at source under Section 194A of the Income Tax Act, 1961. The Assessing Officer treated the bank as a defaulter and issued a demand notice, which the bank appealed, relying on Notification dated 2…