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706 judgments · newest first · showing 1–200
CLC Industries Ltd. and its directors were charged under Section 138 of the Negotiable Instruments Act for the dishonour of three cheques. The accused filed three separate applications under Section 482 of the Criminal Procedure Code seeking quashment of the issuance of process and dismissal of the …
The plaintiff (Surface Tech) sued the defendant (O&M Services) claiming that the defendant had been over‑paid Rs 16,02,006.25 for ready‑mix concrete supplied under a 12‑month work order, and sought restitution with interest. The defendant counter‑claimed the balance of the contract price, …
A.W. Faber‑Castell (India) Pvt. Ltd. filed a winding‑up petition against Puma Stationery Private Ltd., alleging that the company failed to pay dues of Rs.4,70,02,812 despite statutory notice under Section 434 of the Companies Act, 1956, and that it had no assets after a fire. The company was served …
The petitioners, Shantilal Khushaldas & Bros. Pvt. Ltd., filed a writ petition seeking the withdrawal of two 2013 orders and a first renewal of mining lease TC No.44/1951 (Joleracho Dongor) and protection from coercive action. The High Court held that, in view of its earlier judgment and the Supreme …
Bharat Petroleum Corporation Ltd. filed a review of the High Court’s order dated 18‑02‑2026 which directed it to deposit rent of Rs 5 lakhs per month and to release previously deposited rent to Respondent No.2. The petitioner claimed an apparent error in the valuation used to calculate rent and …
A.W. Faber‑Castell (India) Pvt. Ltd. filed a winding‑up petition against Puma Stationery Private Ltd., alleging that the company failed to pay dues of Rs.4,70,02,812 despite statutory notice under Section 434 of the Companies Act, 1956, and that it had no assets after a fire. The company was served …
The plaintiff (Surface Tech) contracted O&M Services to set up a mobile ready‑mix concrete plant for a 12‑month period, supplying 45,000 cu m at a fixed rate of Rs 225 per cu m. The plaintiff paid Rs 85 lakhs but claimed only Rs 68,97,994 worth of concrete was supplied, seeking a refund of Rs …
A.W. Faber‑Castell (India) Pvt. Ltd. filed a winding‑up petition against Puma Stationery Private Ltd., alleging that the company failed to pay dues of Rs.4,70,02,812 despite statutory notice under Section 434 of the Companies Act, 1956, and that it had no assets after a fire. The company was served …
The High Court of Bombay at Goa considered an application by Nanu Engineers Private Limited seeking enhancement of the monthly rent payable by Bharat Petroleum Corporation Limited for a fuel retail outlet occupying a 1,092 sq. metre plot in central Margao. The earlier decree of eviction dated …
The Bombay High Court examined a protracted slum‑rehabilitation scheme on about 66,000 sq m of State land in Chembur, where Ruparel Buildcon Pvt. Ltd. was appointed as developer under consent terms signed in March 2021. The consent terms settled disputes among earlier developers and the federation …
The Bombay High Court examined a protracted slum‑rehabilitation scheme on about 66,000 sq m of State land in Chembur, where Ruparel Buildcon Pvt. Ltd. was appointed as developer under consent terms signed in March 2021. The consent terms settled disputes among earlier developers and the federation …
The applicant, Axis Finance Ltd., sought appointment of an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996, alleging defaults by the respondent, Inspira Enterprise India Ltd., under a term‑loan agreement dated 22 Nov 2022. The dispute centred on whether Clause 14.5 of the …
The Bombay High Court examined a protracted slum‑rehabilitation scheme on about 66,000 sq m of State land in Chembur, where Ruparel Buildcon Pvt. Ltd. was appointed as developer under consent terms signed in March 2021. The consent terms settled disputes among earlier developers and the federation …
The Bombay High Court examined a protracted slum‑rehabilitation scheme on about 66,000 sq m of State land in Chembur, where Ruparel Buildcon Pvt. Ltd. was appointed as developer under consent terms signed in March 2021. The consent terms settled disputes among earlier developers and the federation …
The applicants, who were original defendants in a suit filed by Kakad Co‑operative Housing Society Ltd., sought a civil revision under Section 115 of the CPC to set aside the City Civil Court’s order rejecting their Order VII‑Rule 11 application that the suit should be dismissed as barred. The suit …
The applicants, who were original defendants in a suit filed by Kakad Co‑operative Housing Society Ltd., sought a civil revision under Section 115 of the CPC to set aside the City Civil Court’s order rejecting their Order VII‑Rule 11 application that the suit should be dismissed as barred. The suit …
Glenmark Pharmaceuticals Ltd entered into a distribution agreement with Mahalakshmi Enterprises, a partnership firm, in December 2021. Disputes arose over alleged misuse of a channel‑finance facility, unpaid dues, and accusations that the respondents filed false complaints with various regulators, …
Glenmark Pharmaceuticals Ltd entered into a distribution agreement with Mahalakshmi Enterprises, a partner‑run distributor, in December 2021. Disputes arose over alleged misuse of a channel‑finance facility, unpaid dues, and accusations that the distributor filed false complaints with SEBI, CCI, MCA …
The petitioners, a charitable trust and its trustees, were accused under Section 138 read with 141 of the Negotiable Instruments Act. They filed a revision and an application for condonation of delay in the Sessions Court after a 72‑day lapse, claiming they only learned of the bailable warrant on 22 …
The petitioner, JM Financial Asset Reconstruction Company Ltd., a secured creditor under the SARFAESI Act, acquired leasehold rights over premises owned by the Mumbai Port Authority and occupied them from August 2012 without paying rent. The Port Authority initiated eviction proceedings under the …
The petitioner, Zee Learn Ltd., filed an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking an injunction against the respondent, Sangam Lok Kalyan Shiksha Samiti, for unauthorised use of its registered trademarks “MOUNT LITERA” and “MOUNT LITERA ZEE SCHOOL”. …
The petitioners, who had taken a Rs 10 crore term loan from Standard Chartered Investment and Loans (India) Ltd secured by 1,85,000 Reliance Industries shares, alleged that the bank illegally sold 65,000 pledged shares on 19 March 2020 without the two‑day notice required under their loan agreement. …
The appellant, a director of a company, challenged a district court judgment that declared a sale deed dated 19 June 2001, executed by the deceased plaintiff in his capacity as director, to be null and void. The appeal raised two substantive questions: whether the legal heirs of the deceased could …
The appellant, a director of a company, challenged a district court judgment that declared a sale deed dated 19 June 2001, executed by the deceased plaintiff in his capacity as director, to be null and void. The appeal raised two substantive questions: whether the legal heirs of the deceased could …
The petition was filed under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim protection over a Christie projector supplied by UFO Moviez India Ltd to ReadOchre Post Work LLP, for which a substantial portion of the purchase price remained unpaid and post‑dated cheques were …
M/s Dolphin Offshore Enterprises (India) Ltd. challenged an order dated 24 February 2023 issued by the Employees' Provident Fund Organisation (EPFO) under Section 7A of the Provident Fund Act, which assessed PF dues of Rs.1,22,48,716 and directed recovery. The company had undergone a Corporate …
The applicant, Vaishali Anil Tikam, was convicted under Section 630(1)(b) of the Companies Act, 1956 for wrongfully withholding a company‑owned residential premises that had been allotted to his father, an employee, and which he continued to occupy after his father's retirement and death. The …
The Bombay High Court considered ITC Limited’s writ petition challenging two communications issued by the Metropolitan Stock Exchange (MSE) and Jupitice Justice Technology Private Ltd. under SEBI’s Online Dispute Resolution (ODR) framework. ITC argued that MSE lacked jurisdiction because its …
The Gujarat High Court heard cross‑appeals arising from Special Civil Suit No. 120 of 1979 in which Hanspa Knit (P) Ltd., a company in liquidation, sought recovery of export proceeds from House of Dubary and its partners (defendants 1‑4) and other parties. The trial court had partially allowed the …
The Gujarat High Court heard cross‑appeals arising from Special Civil Suit No. 120 of 1979 in which Hanspa Knit (P) Ltd., a company in liquidation, sought recovery of export proceeds from House of Dubary and its partners (defendants 1‑4) and other parties. The trial court had partially allowed the …
British Motor Car Company (1939) Ltd., the landlord, leased premises to Hindustan Commercial Bank (HCB). In 1986 HCB was amalgamated into Punjab National Bank (PNB) under a scheme framed by the RBI pursuant to Section 45 of the Banking Regulation Act, 1949, causing HCB to cease to exist and its …
M/s Shristi Developers Pvt Ltd filed a writ petition seeking a mandamus directing the State of Bihar and its commercial tax officials to refund excess VAT of Rs.45,76,865 paid for assessment years 2007-08 to 2010-11, with interest. The respondents argued that under the Bihar Settlement of Tax …
The petitioner, Bindeshwar Choudhary, filed a writ petition in the Patna High Court seeking the payment of a claim of Rs.1,68,093 against the Bihar State Small Industries Corporation Ltd., which is under liquidation. The Official Liquidator had admitted the amount on a pro rata basis and rejected …
The appellant, Mrs. Shantadevi Yadav, sought interim relief for arrears of transit rent and specific performance of two Permanent Alternate Accommodation Agreements with the respondent, Pashmina Realty Pvt. Ltd., alleging the respondent had failed to pay rent after she handed over possession of two …
Sourya Estates Private Limited, a company registered under the Companies Act, 1956, owned one‑third shares in two plots that were acquired by the government and an award for compensation was made on 30‑12‑2023. The company filed a writ petition seeking the disbursement of the awarded compensation, …
Primezone Developers Ltd., a real‑estate company, had its two residential projects attached under the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act (MPID Act) after alleged tainted funds were invested by Mr. Ranjeev Agarwal, who was later arrested in the NSEL …
Primezone Developers Ltd., a real‑estate company, had its two residential projects attached under the Maharashtra Protection of Interest of Depositors (MPID) Act after alleged money‑laundering by its former chairman, Mr. Ranjeev Agarwal, who had invested tainted NSEL funds into the company. The …
The dispute arose when Dhananjay Pande (respondent No.1) invested substantial funds in Dr. Bais Surgical and Medical Institute Pvt. Ltd and was appointed Managing Director, but the company failed to enter his name in the register of members despite allotting shares. Pande filed petitions under …
The petitioners, former employees of Alicon Castalloy Ltd., challenged their termination on grounds of alleged submission of a forged B.A. certificate. They argued that the departmental enquiry denied them the right to be represented by a lawyer, relied on an unexamined handwriting expert report, …
The petitioners, former employees of Alicon Castalloy Ltd., challenged their termination on grounds of alleged submission of a forged B.A. certificate. They argued that the departmental enquiry denied them the right to legal representation, relied on an unexamined handwriting expert report, and …
The appellant, Johnson Paints Co., a partnership firm, claimed continuous use of the trademark “JOHNSON” since 1987 and sought an interim injunction against Johnson Paints Pvt. Ltd. for alleged passing off. The respondent, incorporated in 2009, asserted rights based on a series of assignment deeds …
M/s Alex Green Energy Pvt. Ltd., a solar power developer, purchased about 56 acres of land in Banka, Bihar and obtained mutation of the land in its name, resulting in Jamabandi No. 114. The company applied for a Lease Permission Certificate (LPC) to install a solar plant, but the revenue authorities …
In a petition under the Companies Act, 1956 concerning M/s Shree Shakti Mills Ltd., the petitioner, represented by Mr. Amit Shethi, claimed that a large number of workers' dues had been paid back and that he possessed assignment documents in his favour for those claims. The Official Liquidator, Mr. …
The Official Liquidator, Mr. Mutahhar Khan, appeared before the High Court of Bombay seeking correction of typographical errors in the prayer clause of Company Petition No. 606 of 1998. The petition contained two errors: the phrase "Land L1" should read "L and L1" and the area "64,560 sq. mts" …
Aspinwall & Co. Ltd. amalgamated with Pullangode Rubber & Produce Co. Ltd., with the scheme approved in 2006 and the appointed date set as 01‑01‑2006. The appellant sought to set off the accumulated losses of the amalgamating company against its own income under the Kerala Agricultural Income Tax …
The High Court considered several Official Liquidator reports seeking dissolution of six companies under the Companies Act, 1956. The Official Liquidator argued that the companies had no assets, funds, or recoverable debts and that no claims had been filed despite invitations, rendering further …
KAMILI PACKERS LTD, a Kenyan exporter, filed a petition under Sections 433, 434 and 439 of the Companies Act, 1956 seeking the winding up of Hiya Overseas Pvt. Ltd. for failure to pay outstanding invoices of US$1,079,133. The petitioner served a statutory notice of demand, which the respondent …
Vinod Kumar, an accused in a large economic‑offence case involving alleged fraud under the Companies Act, RBI Act, Prize Chits Act and several IPC sections, has been in judicial custody since June 2019. The charge sheet has not yet been framed due to the non‑appearance of numerous co‑accused lodged …
The High Court considered a bail application filed by Vinay Shankar Lal, who was in custody for alleged offences under Sections 406, 419, 420, 467, 468, 504 and 506 IPC arising from a chit‑fund fraud case. The applicant contended that he was falsely implicated, not named in the FIR, and that his …
The Official Liquidator of K.R. Commodities Exports Pvt Ltd. presented claims from several creditors, including Kotak Mahindra Bank (unsecured), State Bank of India (secured), I‑Dot Co‑operative Housing Society (liquidation expense) and Municipal Corporation, Pune (liquidation expense). The …
The 85‑year‑old applicant sought certification of 600 shares of Reliance Petrochemicals Ltd., alleging she purchased them in cash from a broker in June 1992 but could not obtain transfer due to statutory attachment under the Special Courts (Trial of Offences Relating to Transactions in Securities) …
The petitioner, Sanil Suthar, filed a special civil application under Articles 226 and 227 of the Constitution and the Companies Act, 1956 seeking to set aside a penalty of Rs.50,000 imposed by the National Company Law Tribunal (NCLT) for the non‑appearance of counsel. The penalty was ordered on …
Arena Food & Agro Industries Pvt. Ltd. challenged the State of Bihar’s demand for additional royalty on a stone‑mining lease that was awarded by public auction. The company argued that the auction amount of Rs 29 crore was itself the royalty and that it had not exceeded the production ceiling fixed …
Arena Food & Agro Industries Pvt Ltd obtained a stone mining lease in Bihar through a public auction for Rs 29 crore for the period 2017‑2022 and paid the auction amount plus a small royalty. The State authorities later demanded an additional royalty of Rs 6.25 crore, asserting that the value of …
Arena Food & Agro Industries Pvt Ltd obtained a stone mining lease in Bihar through a public auction for Rs 29 crore for the period 2017‑2022 and paid the auction amount plus a small royalty. The State authorities later demanded an additional royalty of Rs 6.25 crore, asserting that the value of …
The Official Liquidator filed a report seeking the Court’s permission to declare and pay a dividend of Rs.6,01,484 to the second secured creditor, Kalyan Janata Sahakari Bank Ltd., under Section 529 of the Companies Act, 1956. The liquidator also requested exemption from the newspaper advertisement …
The Official Liquidator discovered a fixed deposit of Rs.3.40 crore held with Bank of India in its own name, but could not determine which liquidated company the funds belonged to. The liquidator sought the court's permission, under Rule 9 of the Companies (Court) Rules, 1959, to prematurely …
The High Court considered a batch of Official Liquidator Reports seeking the dissolution of thirty‑seven companies under the Companies Act, 1956. Each report showed that the respective company had no assets, funds, or recoverable debts and that no claims were filed by workers or secured creditors …
The High Court considered a batch of Official Liquidator Reports seeking the dissolution of thirty‑seven companies under the Companies Act, 1956. Each report showed that the respective company had no assets, funds, or recoverable debts and that no claims were filed by workers or secured creditors …
The High Court considered a batch of Official Liquidator Reports seeking the dissolution of thirty‑seven companies under the Companies Act, 1956. Each report showed that the respective company had no assets, funds, or recoverable debts and that no claims were filed by workers or secured creditors …
The High Court considered a batch of Official Liquidator Reports seeking the dissolution of thirty‑seven companies under the Companies Act, 1956. Each report showed that the respective company had no assets, funds, or recoverable debts and that no claims were filed by workers or secured creditors …
The Patna High Court considered four writ applications filed by Ircon International Ltd. seeking refunds of taxes and penalties imposed under the Bihar Value Added Tax Act, 2005, including a Rs 18.52 crore recovery under Section 47, and smaller refunds for the years 2005‑06, 2006‑07 and 2011‑12 …
M/s Kunal Housewares challenged its disqualification from a government tender (NIT No. ICDS‑01‑25‑26) for supplying utensils, alleging violation of natural justice because the technical evaluation report of IIT Patna was not explained and the petitioner was not given a fair opportunity. The State …
The Patna High Court considered four civil writ applications filed by Ircon International Ltd. seeking refunds of amounts recovered under the Bihar Value Added Tax Act, 2005, including a Rs 18.52 crore recovery under Section 47 and smaller refunds for the years 2005‑06, 2006‑07 and 2011‑12. The …
Ascensive Educare Ltd., a company incorporated under the Companies Act 1956, filed a writ petition seeking a certiorari to quash a letter dated 27.11.2025 that blacklisted the company for two years. The petitioner argued that the blacklisting was done without considering its representation and …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court considered a series of Official Liquidator reports seeking the dissolution of thirty companies under the Companies Act, 1956. Each report indicated that the respective company had no assets, funds, or recoverable debts and that no claims had been filed against them. The petitioners …
The High Court examined an interim application filed by Axis Trustees Services Ltd seeking (a) production of documents by Novelty Power & Infratec Ltd concerning ownership of the 4th floor of Elder House, (b) hand‑over of possession of that floor to the Official Liquidator, and (c) appointment of a …
The Official Liquidator of Garware Nylons Ltd., a company in liquidation, filed a report seeking the High Court's permission to withhold dividend payments to certain workmen who had already received gratuity under the Gratuity Act, adjust the excess amount, declare a dividend of 2.20% from the sale …
Mother Dairy Fruit and Vegetable Pvt Ltd, a company engaged in dairy and food processing, terminated the services of several long‑serving employees after closing its Anand plant and transferring them to distant locations, which the employees refused to join. The employees accepted terminal dues but …
Mother Dairy Fruit and Vegetable Pvt Ltd, a company engaged in dairy and food processing, terminated the services of several long‑serving employees after closing its Anand plant and transferring them to distant locations, which the employees refused to join. The employees accepted terminal dues but …
Mother Dairy Fruit and Vegetable Pvt Ltd, a company engaged in dairy and food processing, terminated the services of several long‑serving employees after closing its Anand plant and transferring them to distant locations, which the employees refused to join. The employees accepted terminal dues but …
Mother Dairy Fruit and Vegetable Pvt Ltd, a company engaged in dairy and food processing, terminated the services of several long‑serving employees after closing its Anand plant and transferring them to distant locations, which the employees refused to join. The employees accepted terminal dues but …
Mother Dairy Fruit and Vegetable Pvt Ltd, a company engaged in dairy and food processing, terminated the services of several long‑serving employees after closing its Anand plant and transferring them to distant locations, which the employees refused to join. The employees accepted terminal dues but …
The petitioner, a former Deputy Manager of National Textile Corporation (NTC), filed five writ petitions seeking reinstatement, correction of his retirement age to 60 years, payment of salary arrears, and provident fund contributions, alleging that his retirement was based on a non‑existent rule and …
The petitioner, a former Deputy Manager (Legal) of National Textile Corporation (NTC), filed five writ petitions under Article 226 seeking reinstatement, salary, provident‑fund contributions and other retiral benefits, contending that his retirement at age 58 was illegal because he should have …
The petitioner, a former Deputy Manager (Legal) of National Textile Corporation (NTC), filed five writ petitions seeking reinstatement, salary, provident fund contributions, and other retirement benefits, alleging that his retirement at age 58 was illegal and that the retirement notices were issued …
The plaintiffs, Piramal Capital and Housing Finance Ltd (as assignee) and an asset reconstruction company, sued Atria Brindavan Power Private Ltd and related entities for recovery of Rs.4.64 crore, declaration that share transfers were illegal, and compensation. They alleged that Atria defaulted on …
M/s Responce Renewable Energy Ltd. and M/s Glatt Solution (P) Ltd. filed writ petitions challenging the denial of a 2% interest subsidy under the Bihar Industrial Incentive Policy, 2011 (as amended in 2014). The State of Bihar rejected their claims on the ground that the companies had commenced …
The Official Liquidator of Chemifine International Private Limited, which is in liquidation and has no assets or funds, filed a report seeking the court’s permission to dispense with statutory requirements such as filing misfeasance proceedings under s.543(2) of the Companies Act, 1956 and filing …
The Official Liquidator filed a report in the liquidation of Ganage Pressings Private Limited seeking the court’s confirmation of the highest bids for two vehicles, permission to hand over possession of those vehicles after receipt of full sale consideration, and authority to sell a third vehicle as …
The Official Liquidator sought the court’s permission to pay senior counsel Sharan Jagtiani’s fees of Rs. 10,20,000 from the common pool fund, with a direction to recoup the amount plus 9% simple interest when the liquidated company’s funds become available. The petition was filed by M/s. Metal …
The Official Liquidator sought the court’s permission to make another attempt to sell an immovable property of Patheja Brother Forging & Stamping Ltd. through an e‑auction, after a prior sale attempt failed and the earnest money deposit was forfeited. The petition asked for approval to publish sale …
The Official Liquidator of Mantri Realty Ltd., which is in provisional liquidation under the Companies Act, 1956, filed a report seeking the High Court's permission to appoint a valuer for preparing an inventory and valuation of the company's movable assets located at its premises in Bangalore. The …
The Official Liquidator of Manri Realty Ltd., a company under provisional liquidation, filed a report seeking the court's permission to (a) appoint a panel valuer to assess a flat owned by the company and (b) pay the valuer's professional fees from the liquidation funds after tax deductions. The …
The petition was filed by Zhejiang Medicines & Health Products Import & Exports Co. Ltd. in a liquidation proceeding under the Companies Act, 1956. The Official Liquidator submitted a valuation report prepared by Shetgiri & Associates for two plots, C‑108 and C‑108/1, proposing to treat them as a …
The Bombay High Court considered several Official Liquidator reports seeking dissolution of four companies that were in liquidation under the Companies Act, 1956. All four companies had no assets or funds available. In one case, a suo‑motu claim from the Sales Tax Department for Rs.1,14,75,253 was …
The Bombay High Court considered several Official Liquidator reports seeking dissolution of four companies under the Companies Act, 1956. The liquidators argued that none of the companies had any assets or funds, and that pending claims—including a suo‑motu tax claim of Rs.1,14,75,253 and …
The applicant, Sakti Mukherjee, sought a declaration that a sale agreement for Flat No. A‑1006 in Mantri Serene, executed on 6 March 2014, was legal and binding, and requested ratification of the sale under Section 536(2) of the Companies Act, 1956, together with an injunction restraining the …
The Official Liquidator filed a report seeking the High Court's permission to declare a dividend of Rs.7,69,99,116 to the secured creditor Omkara Asset Reconstruction Private Limited, to dispense with procedural requirements of Rule 276 and Rule 290 of the Companies (Court) Rules, 1959, and to allow …
The respondent, a beneficiary of shares bequeathed by his mother, sought registration of the transmission of those shares after the company refused to register them. The refusal triggered an appeal under the erstwhile Companies Act, 1956, which the respondent failed to file within the prescribed …
The suit was filed by the heirs of a property owner to recover service charges from a sub-tenant, respondent No.3, who failed to appear, leading to an ex‑parte decree. The appellant, NAK Engineering Company Pvt. Ltd., later sought to be impleaded, claiming it was the successor of respondent No.3 …
Mrs. Shailja Krishna, a majority shareholder and former executive director of Satori Global Limited, alleged that the company’s board had fraudulently obtained her signature on a gift deed and share transfer forms, thereby oppressing her and mismanaging the company. The NCLT had earlier granted her …
The appellant, M/s Triveni Engineering and Industries Ltd., a sugar manufacturer, was ordered by the National Green Tribunal (NGT) to pay Rs.18 crore as environmental compensation for alleged illegal discharge of untreated effluents and related violations. The appellant challenged the orders on the …
The dispute arose between the Khosla and Bakshi groups over a resort development project, leading to allegations of perjury and a criminal proceeding under Section 340 of the CrPC. The High Court initially dismissed the criminal application but later recalled its own order after a review petition …
The appellant, Dhanasingh Prabhu, advanced a loan of Rs.21 lakh to the respondents who were partners of the partnership firm “Mouriya Coirs”. The respondents issued a cheque in the name of the firm which was dishonoured, prompting the appellant to serve a statutory notice under Section 138 of the …
The Securities and Exchange Board of India (SEBI) issued show‑cause notices to Vital Communications Ltd (VCL) and related entities for misleading advertisements, leading to a series of orders: a 2008 restraint order, a 2014 order imposing market bans, and a 2018 disgorgement order. The Securities …
The Union of India challenged the liability of several private companies, including Future Gaming Solutions, to pay service tax on the sale of paper and online lottery tickets for the Government of Sikkim. The High Court of Sikkim had set aside service‑tax notices issued under various amendments to …
The State of Punjab appealed a High Court order that directed the original sale certificate of auction‑purchased property to be handed over to the purchaser and that the stamp duty deposited by the purchaser be refunded. The dispute arose from the liquidation of M/s Punjab United Forge Ltd., where …
The Madhya Pradesh Madhya Kshetra Vidyut Vitran Company and its officers entered into a supply agreement with Bapuna Alcobrew Private Ltd, which required the latter to consume a minimum amount of electricity. The respondent installed a turbo‑generating set contrary to conditions, leading the …
The Supreme Court examined a dispute arising from the acquisition of 56.14 bighas of land for a safety zone around a cement plant, where the original award of compensation was paid by Jaiprakash Associates Ltd (JAL) and a supplementary award was later issued. The key issue was whether the liability …
The appellants, who claimed to have purchased 94.8% of the equity shares of M/s. Lexus Technologies Pvt. Ltd., filed a company petition before the NCLT seeking rectification of the Register of Members under Sections 59 and 88 of the Companies Act, 2013 and relief for oppression, mismanagement and …
Baccarose Perfumes and Beauty Products Pvt. Ltd (the appellant) challenged the Special Judge's order taking cognizance of alleged offences relating to the payment of Countervailing Duty (CVD) on invoice value instead of Maximum Retail Price (MRP). The company claimed that it had been granted …
The Supreme Court entertained a writ petition under Article 32 filed by the promoters of the Sai Prasad Group seeking the liquidation of the companies' immovable assets to refund investors. The petitioners alleged that SEBI's efforts to auction the properties were inadequate and that the investors …
The Tamil Nadu Medical Services Corporation (TNMSC), a government‑owned company, employed a number of workers who sought regularisation under the Tamil Nadu Industrial Establishments (Conferment of Permanent Status to Workmen) Act, 1981. An Inspector of Labour found that 53 workers had completed the …
The petitioners, chartered accountants, challenged the Council of the Institute of Chartered Accountants of India's Guidelines dated 08‑08‑2008 that capped the number of tax audits a member could undertake under section 44AB of the Income Tax Act. They argued that the restriction was beyond the …
M/s Coromandal Sacks supplied HDPE bags to Fertilizer Corporation of India Ltd (FCIL) and sued for recovery of unpaid amounts, alleging price differences, liquidated damages, penalties and loss of unsold bags. FCIL contended it was a sick industrial company under the Sick Industrial Companies …
National Organic Chemical Industries Ltd. increased its authorized share capital from Rs.600 crores to Rs.1,200 crores and paid Rs.25 lakh stamp duty on the Form No.5 notice filed under Section 97 of the Companies Act, 1956. The company later sought a refund, arguing that the Articles of …
The testator, Jayant Shivram Salgaonkar, died leaving fixed deposits and mutual fund securities for which he had nominated certain family members under Section 109A of the Companies Act, 1956 and Bye‑law 9.11.1 of the Depositories Act, 1996. The nominees claimed that the nomination gave them …
The Industrial Development Bank of India (IDBI), as a secured creditor, sought to enforce its charge over imported machinery that had been stored in a private bonded warehouse and remained unpaid of customs duty. The company was wound up on 1 December 2003, and the Official Liquidator applied for …
Coal India Ltd (CIL) and its subsidiary Western Coalfields Ltd challenged the Competition Commission of India's (CCI) finding of abuse of dominant position, arguing that the Competition Act, 2002 does not apply to them because they are government companies created under the Coal Mines …
The case involved a private limited company with an authorised capital of Rs.1 crore, where the board of directors resolved to issue additional shares on a 1:1 basis and sought to increase the authorised capital to Rs.2 crore following a bank's advice. The V.P. Patel and Sheth groups alleged …
The Official Liquidator (OL) of IISCO Ujjain Pipe and Foundry Co. Ltd., wound up under the Companies Act, sold the company's assets on an "as is where is whatever there is" basis. Ujjain Nagar Palika Nigam (respondent No.1) claimed arrears of property tax and water tax for the period from the …
The State of Himachal Pradesh challenged the High Court's declaration that section 16‑B of the Himachal Pradesh General Sales Tax Act, 1968 was ultra‑vires the Constitution and the Banking Companies Act. The High Court had made this declaration while hearing writ petitions that later became …
The Supreme Court examined the status of the Large-Scale Industrial Area (LIA) in Kota, Rajasthan, and held that the land has remained under the uninterrupted ownership and lessor relationship of the State Government, not transferred to RIICO by the 1979 order. It found that the leases granted to …
The Anil Agarwal Foundation, a private company at the time of land acquisition, sought 6,000 acres of agricultural land in Odisha to establish a university. The State issued Section 4(1) notifications and proceeded with acquisition despite the company’s conversion to a public company occurring only …
The Securities and Exchange Board of India (SEBI) issued a notice to Deccan Chronicle Holdings Ltd (DCHL) and its Company Secretary, V. Shankar, imposing a Rs 10 lakh penalty for alleged violations in a Rs 270 crore share buy‑back. The SEBI Whole Time Member held the Company Secretary liable for not …
IFB Agro Industries, a listed company, alleged that SICGIL India Ltd. and related persons acquired more than 5% of its shares from the open market without making the disclosures required under SEBI's Substantial Acquisition of Shares and Takeover (SAST) Regulations and Insider Trading (PIT) …
Muthoot Leasing and Finance Ltd and another, classified as credit institutions, challenged the levy of interest tax on the interest component embedded in hire‑purchase instalments under the Interest‑Tax Act, 1974. The Income Tax Appellate Tribunal (ITAT) held that hire‑purchase agreements are …
The Kerala State Electricity Board (KSEB) appealed against a Kerala High Court judgment that held excess consumption of electricity within the same premises and tariff does not constitute "unauthorised use" for the purpose of imposing a double‑tariff penalty. The Supreme Court examined whether …
The appellant, an ex‑director of the corporate debtor, contested the admission of an application filed by the operational creditor under section 9 of the Insolvency and Bankruptcy Code (IBC) alleging a debt for coal supplied under a purchase order. The creditor claimed the coal was of inferior …
The appellants, directors of Cachet Pharmaceuticals Pvt. Ltd., were charged under the Drugs and Cosmetics Act, 1940 for manufacturing a sub‑standard drug (Hemfer syrup) and were summoned as accused under sections 16, 18 and 34. They challenged the summons, a criminal revision and a writ petition, …
The appellant, Tech Sharp Engineers, sought initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 of the IBC against the respondent, Sanghvi Movers, for unpaid crane‑hire invoices dated 2012‑13. The respondent had earlier filed a winding‑up petition in the Madras High Court, …
Reliance Commercial Finance Ltd (RCFL) issued non‑convertible debentures and defaulted in March 2019. The RBI issued a prudential framework requiring lenders to enter into an inter‑creditor agreement (ICA) before a resolution plan, and SEBI later issued a circular on 13 Oct 2020 standardising the …
The liquidator of ABG Shipyard sought release of goods stored in customs bonded warehouses without payment of customs duty, invoking the moratorium under the Insolvency and Bankruptcy Code (IBC). The Central Board of Indirect Taxes and Customs (CBIC) issued demand notices and sought to sell the …
The Supreme Court examined the constitutionality of the Benami Property Transactions Act, 1988 and its 2016 amendment in a dispute between the Union of India and M/s. Ganpati Dealcom Pvt. Ltd. The Court held that Section 3(2) of the 1988 Act, which created a strict‑liability offence without mens …
The Securities and Exchange Board of India (SEBI) filed a criminal complaint against Reliance Industries Ltd (RIL) alleging violation of Section 77 of the Companies Act, 1956 for alleged fraudulent allotment of shares. SEBI’s investigation report of 2005 was inconclusive, prompting SEBI to obtain …
The Supreme Court examined an appeal by Asset Reconstruction Company (India) Ltd., a financial creditor, against a NCLAT order that held a Section 7(2) IBC application against V. Hotels Ltd. was time‑barred. The Court clarified that the Limitation Act, 1963 applies to IBC applications and that the …
Asian Hotels (North) Ltd., the licensor, granted individual shop licenses to various shopkeepers, including the respondents, and later revoked those licenses. The respondents filed suits seeking a declaration that their licenses were irrevocable and perpetual. While the suits were pending, they …
The Supreme Court examined appeals by Delhi International Airport Ltd. (DIAL) and Mumbai International Airport Ltd. (MIAL) challenging tariff determinations made by the Airports Economic Regulatory Authority of India (AERA) under the Airports Economic Regulatory Authority of India Act, 2008. The key …
The Supreme Court examined two appeals filed by SEBI against Sunil Krishna Khaitan and others and Madhuri S. Pitti, challenging SEBI's show‑cause notices and directions under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The Court clarified that the term “acquirer” in …
Kotak Mahindra Bank (the appellant) sought initiation of a Corporate Insolvency Resolution Process (CIRP) against Prasad Properties and Investments Pvt. Ltd. (the corporate debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The corporate debtor had stood as guarantor for …
The appeal concerned PTC India Financial Services Ltd (PIFSL) who, after a corporate debtor defaulted, invoked a pledge over 31,80,678 dematerialised shares of NEVPL under a pledge deed and sought to enforce its rights under the Contract Act, 1872. The National Company Law Appellate Tribunal had …
Mahanagar Telephone Nigam Ltd. (East‑I) challenged two notices issued by the Bombay Municipal Corporation (BMC) under Section 299 of the Bombay Municipal Corporation Act, 1888, seeking possession of land that formed part of the regular street line. The appellant argued that the notices were invalid …
The State of Maharashtra sought attachment of the properties of 63 Moons Technologies, which holds 99.99% of National Spot Exchange Ltd. (NSEL), under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, alleging that NSEL is a financial establishment that …
The appellants, workmen and employees of ABG Shipyard Ltd., claimed wages, salaries and statutory dues for the period of the Corporate Insolvency Resolution Process (CIRP). They argued that these amounts should be treated as insolvency resolution process costs under s.5(13) of the IBC and thus enjoy …
Augustan Textile Colours Ltd., a revived sick industrial unit, was granted sales‑tax/works‑contract‑tax exemption under a Government Order dated 20 March 2004 as part of a BIFR rehabilitation scheme. In 2006 the Kerala Government withdrew the exemption under Section 10(3) of the Kerala General Sales …
Mahagun Realtors Private Ltd. (MRPL) merged with Mahagun India Private Ltd. (MIPL) by a court‑sanctioned scheme effective 1 April 2006. The Income Tax Department issued assessment notices and later an assessment order in the name of MRPL, which had ceased to exist after the amalgamation. The revenue …
M/s TRL Krosaki Refractories Ltd. (the appellant) issued cheques to M/s SMS Asia Private Ltd. which were dishonoured. The appellant filed a complaint under Section 138 of the Negotiable Instruments Act, 1881 before a Sub‑Divisional Judicial Magistrate, the complaint being filed in the name of the …
The appellant, former MD and CEO of Ricoh India Ltd., was served a show‑cause notice by SEBI alleging violations of the SEBI Act and the PFUTP Regulations based on an investigation report. The appellant demanded the full investigation report, but SEBI claimed it was an internal document not subject …
The Supreme Court examined the winding‑up petition filed by Antrix Corporation against Devas Multimedia Private Ltd under section 271(c) of the Companies Act, 2013, alleging fraud in the formation and conduct of the company. The petition was never advertised, and the petitioners challenged the order …
The Supreme Court examined whether the Reserve Bank of India's (RBI) communication dated 9 June 1997 to SIDBI was a binding directive under the RBI Act, 1934 and the Banking Regulation Act, 1949, and whether SIDBI was justified in withholding interest on bonds issued by CRB Capital. The Court held …
The respondent, a supervisor at New Victoria Mills, applied for the Modified Voluntary Retirement Scheme (MVRS) by submitting a resignation on 12 July 2002. He later requested that his resignation be kept suspended until his provident fund dues were cleared, but the employer accepted his resignation …
The management of Bharat Coking Coal Ltd. (BCCL), a Central Government undertaking, recruited SC/ST miners/loaders in 1986 through the Employment Exchange as mandated by the Employment Exchange (Compulsory Notification of Vacancies) Act, 1959. Thirty‑eight workmen were later alleged to have obtained …
Prakash Gupta, a director of Ideal Hotels & Industries Ltd, was prosecuted by SEBI for alleged price rigging and insider trading during the company's 1995 IPO. Gupta applied to have the offence under Section 24 of the SEBI Act compounded under Section 24A, but the trial judge and the Delhi High …
The case concerned whether Anadi Nath Banerjee, whose land was acquired for the Sonepur Bazari Open Cast Project, was entitled to employment under a tripartite agreement that promised jobs to land‑losers possessing at least two acres. The Land Acquisition Collector’s certificate recorded Banerjee’s …
South Eastern Coalfields Ltd. (SECL) floated a tender for hiring excavation equipment and awarded the contract to M/s S. Kumar’s Associates AKM (JV) through a Letter of Intent (LoI). The LoI required the successful bidder to deposit a performance security of 5% of the contract value within 28 days …
Shital Fibers Ltd. (appellant) sought to avoid a winding‑up petition filed by Indian Acrylics Ltd. (respondent) under Sections 433 and 434 of the Companies Act, 1956, alleging inability to pay an admitted debt of Rs 8,92,723. The respondent claimed the debt arose from supply of raw material, while …
The Supreme Court examined the NCLAT order that had declared Tata Sons' affairs oppressive and prejudicial, reinstated Cyrus Pallonji Mistry (CPM) as Executive Chairman and Director, restrained the Tata Trust nominees, and set aside the conversion of Tata Sons from a public to a private company. The …
The corporate debtor Gujarat NRE Coke Ltd (GNCL) initiated a corporate insolvency resolution process, but its promoter Arun Kumar Jagatramka was deemed ineligible to submit a resolution plan under Section 29A of the Insolvency and Bankruptcy Code (IBC). After the liquidation order, Jagatramka filed …
Pravin Electricals alleged that no consultancy agreement dated 7 July 2014 existed with Galaxy Infra, while Galaxy claimed such an agreement, containing an arbitration clause, was executed and sought appointment of a sole arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996. …
Gujarat Urja Vikas Nigam Ltd (GUVNL) allocated a 25‑MW solar project to Astonfield Solar (the corporate debtor) under a 25‑year Power Purchase Agreement (PPA) executed in 2010. After severe flood damage the plant operated at a fraction of capacity and the corporate debtor was declared a …
The appellant company failed to honour multiple cheques, leading the respondent to issue statutory notices under Sections 138 and 141 of the Negotiable Instruments Act and file criminal complaints. While the corporate debtor was placed under a moratorium under Section 14 of the Insolvency and …
A. Navinchandra Steels Private Limited, an operational creditor, challenged the admission of a Section 7 petition filed by SREI Equipment Finance Limited before the NCLT, arguing that a winding‑up petition against the same debtor was already pending in the Bombay High Court and that the Companies …
The appellants, holding 14.62% of the paid‑up share capital of Amritsar Swadeshi Woollen Mills Pvt. Ltd., filed a company petition under ss. 397 and 398 of the Companies Act, 1956 seeking to sell their shares. An independent valuer fixed the fair price at Rs 10.35 per share as of the petition filing …
The case arose from a family dispute between Rama Narang (petitioner) and his sons Ramesh and Rajesh Narang (respondents) who were directors of a company. The Supreme Court had earlier ordered a settlement (Consent Order) requiring joint management of the company, but the petitioner alleged that the …
M/s Kaledonia Jute and Fibres Pvt. Ltd. (appellant) sought to recover a debt from M/s Axis Nirman and Industries Ltd. (first respondent) and filed a petition under Section 7 of the IBC before the NCLT. Simultaneously, a winding‑up petition against the first respondent was pending before the …
The respondents, K.P. Jayaram and another, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) claiming they were financial creditors of M/s. Radha Exports (India) Pvt. Ltd. for a loan of Rs.2.10 crore advanced between 2002 and 2005, alleging that part of the loan was …
The corporate debtor Veer Gurjar Aluminium Industries defaulted on its loans on 08 July 2011. The financial creditor, JM Financial Assets Reconstruction Company, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) in March 2018 to initiate a corporate insolvency …
Modi Xerox Ltd. made foreign exchange remittances in 1985 and was served a show‑cause notice under the Foreign Exchange Regulation Act, 1973 (FERA) against the company and its directors. One of the directors, Shailendra Swarup, contended that he was a part‑time, non‑executive director and had no …
The appellant New Delhi Television Ltd. challenged a notice issued under section 147 of the Income Tax Act alleging that undisclosed income had escaped assessment. The Court examined whether the revenue had a prima facie reason to believe such escapement, whether the assessee had fully disclosed all …
The West Bengal Small Industries Development Corporation Ltd. (the Corporation), a government undertaking, purchased a factory complex and subdivided it into plots, leasing three bare‑land plots to M/s Sona Promoters Pvt. Ltd. (respondent). The lease was terminated for failure to commence …
The partnership firm Chetak Enterprises entered into an agreement with the Government of Rajasthan to construct a road and collect tolls. The road was completed on 27‑03‑2000 and the firm was converted into a private limited company on 28‑03‑2000 under Part IX of the Companies Act, 1956. The company …
The Sobha Hibiscus Condominium, a statutory body created under the Karnataka Apartment Ownership Act, 1972, filed a complaint before the National Consumer Disputes Redressal Commission (NCDRC) against the managing director of Sobha Developers Ltd. The NCDRC dismissed the complaint, holding that the …
Usha Anandhasubramanian, former MD & CEO of Punjab National Bank, was subject to a CBI charge sheet for alleged negligence in preventing the Nirav Modi fraud. The NCLT, and subsequently the NCLAT, ordered a freeze of her assets under Sections 241, 337 and 339 of the Companies Act, 1956, invoking the …
The Union of India sought to retain Rs.134.66 crore that it had encashed from bank guarantees of Reliance Communication Ltd (RCL) and Reliance Telecom Ltd (RTL) after they failed to pay deferred spectrum charges of Rs.774.25 crore. The respondents furnished fresh bank guarantees for the same amount …
The Maharashtra State Co‑operative Bank Ltd. (the Bank) took possession of mortgaged property of Vainganga Sahakari Sakhar Karkhana Ltd. (the Karkhana) after the Karkhana defaulted on a loan and later sold the property to Wainganga Sugar and Power Ltd. The Karkhana’s employees obtained a recovery …
The Supreme Court examined three sets of appeals filed by Transmission Corporation of Andhra Pradesh Ltd. (APTRANSCO) against orders of the Andhra Pradesh Electricity Regulatory Commission (APERC) fixing wheeling charges, grid support charges, and the continuation of incentives for non‑conventional …
The Karnataka State Pollution Control Board (KSPCB) filed complaints against the City Municipal Council (CMC) of Krishnarajapuram and its former commissioners for discharging untreated sewage in violation of the Water (Prevention and Control of Pollution) Act, 1974. The High Court quashed the …
Genpact India Private Limited bought back shares from its Mauritius holding company and was assessed a tax under Section 115QA of the Income Tax Act, 1961. The assessee denied liability and challenged the assessment order through a writ petition under Article 226, arguing that no statutory appeal …
The appeal concerned a chit fund operated by Oriental Kuries Ltd., where the respondents defaulted on twelve instalments. The lower courts had allowed recovery of the past instalments but barred recovery of future instalments, holding that a chitty agreement creates only a promise to pay, not a …
The Supreme Court examined whether the definition of "gross revenue" in clause 19.1 of the telecom licence agreement, which determines the Adjusted Gross Revenue (AGR) for licence fee calculation, could be challenged by the licensees. It held that the contractual definition is binding, that TRAI and …
The Stressed Assets Stabilization Fund (SASF), a trust created to acquire stressed loans of IDBI, stepped into the shoes of IDBI as mortgagee of Wellman Incandescent India Ltd., which had taken a lease of industrial premises from the West Bengal government. Wellman ceased manufacturing activities, …
Hooghly Mills Company Ltd., a corporate entity, sought possession of a residential flat that had been occupied by its former director, Bal Binode Bajoria, after his retirement. The company filed a criminal complaint under Section 630(1) of the Companies Act, 1956 and an application under Section …
The Supreme Court examined two Special Leave Petitions filed by IDBI Bank Ltd. challenging a High Court order that dismissed its application to execute a sale deed of KOFL's sole immovable property and revived winding‑up proceedings against KOFL. The Court held that the winding‑up petition must be …
DUNCANS INDUSTRIES Ltd., a corporate debtor managing fourteen tea gardens, defaulted on payments to operational creditor A.J. Agrochem. The creditor filed an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The debtor argued that, because the Central Government …
The Calcutta Club, a Section 25 company operating as a members' club, was served with a notice for non‑payment of sales tax on food and drinks supplied to its permanent members. The Club argued that, under the doctrine of mutuality, no sale occurred because the supplier and the buyer were the same …
The petitioners, shareholders of La‑Fin Financial Services Pvt. Ltd., challenged a winding‑up petition filed by IL&FS under Section 433(e) of the Companies Act, 1956, which had been transferred to the NCLT as a Section 7 application under the Insolvency and Bankruptcy Code, 2016. The dispute arose …
The Supreme Court examined whether a Chief Judicial Magistrate (CJM) in non‑metropolitan areas could entertain a secured creditor's application under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) for taking …
The Supreme Court examined whether three entities – Shree Vishal Printers Ltd (SVPL), Times Publishing House Ltd (TPHL) and Bennett, Coleman & Co. Ltd (BCCL) Jaipur – could claim exemption from the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 under Section 16(1)(d). The Court …
The plaintiff, a private limited company, purchased a parcel of agricultural land in 1998 and later discovered that the seller had fraudulently executed four sale deeds in 2006 in favour of other parties. The plaintiff filed a suit in the civil court seeking cancellation of the 2006 deed and an …
The assessee, Suzuki Powertrain India Ltd (SPIL), was amalgamated into Maruti Suzuki India Ltd (MSIL) effective 1 April 2012. For Assessment Year 2012-13, a notice under s.143(2) of the Income Tax Act was issued to SPIL, which no longer existed, and a final assessment order adding Rs. 78.97 crore …
Peerless General Finance and Investment Co. Ltd. floated collective investment schemes where subscribers deposited money that was to be repaid with interest and could be forfeited under certain clauses. For assessment years 1985-86 and 1986-87 no forfeiture occurred, yet the company recorded the …
Silppi Constructions Contractors submitted technical bids for two government tenders but their bids were rejected on the ground that they failed to meet eligibility criteria and that adverse remarks against their sister company were taken into account. The petitioner appealed the rejection, but the …
The Central Government, alleging mismanagement and public‑interest prejudice in IL&FS and its group companies, obtained an order from the National Company Law Tribunal (NCLT) suspending the existing board and appointing a new one under Sections 241 and 242 of the Companies Act. Subsequently, the …
The Government of India disinvested its stake in ITDC, creating Hotel Queen Road Ltd (HQRL) as a special purpose vehicle. After Moral Trading & Investment Ltd acquired 99.97% of HQRL, the directors (the Mittals) passed three board resolutions in 2004‑2005 allotting and transferring shares to …
Birla Corporation filed a criminal complaint alleging that respondents had stolen or misappropriated 54 confidential company documents and sought prosecution under IPC sections 379, 403, 411 read with 120B. The trial magistrate, relying on vague statements of the company representative and an …
The appellant trade union filed a petition under Section 8 of the Insolvency and Bankruptcy Code, 2016 on behalf of about 3,000 workers seeking payment of outstanding dues from the respondent jute mill, which had been closed. The NCLT and subsequently the NCLAT dismissed the petition, holding that a …
The Supreme Court examined the Central Government's order under Section 396 of the Companies Act, 1956 that compulsorily amalgamated 63 Moons Technologies Ltd. (FTIL) with its wholly‑owned subsidiary National Spot Exchange Ltd. (NSEL). The Court held that the order was ultra vires because the …
The Delhi Development Authority (DDA) allotted a commercial plot to Jindal Strips Ltd. (respondent No.1) under a perpetual lease deed containing clause 6(a) which requires prior written consent for any transfer and allows the lessor to recover 50% of the unearned increase (UEI). Respondent No.1 and …
The plaintiffs alleged that the defendants had entered into an agreement to sell a Delhi property and associated business for Rs 55.50 crore, receiving Rs 5 crore as part consideration, and sued for specific performance. The defendants contested the agreement, claiming the document was forged, the …
The Income Tax Department appealed an assessment order, but the Rajasthan High Court dismissed the appeal as infructuous after learning that the assessee company, Gopal Shri Scrips Pvt. Ltd., had been struck off the register under Section 560(5) of the Companies Act, 1956. The question before the …
The Supreme Court considered whether a secured creditor, Kotak Mahindra Bank, could file a winding‑up petition under the Companies Act, 1956 after obtaining a decree and recovery certificate from the Debts Recovery Tribunal. The petitioners argued that Sections 17, 18 and 34 of the Recovery of Debts …
Forech India Ltd. filed a winding‑up petition in the Delhi High Court in 2014 against a company, serving notice under Rule 26 of the Companies (Court) Rules. Later, a financial creditor (Respondent No.1) filed an insolvency petition under Section 7 of the Insolvency & Bankruptcy Code (IBC) before …
The employees' union of Jaipur Metals & Electricals Ltd challenged a High Court order that refused to transfer winding‑up proceedings, filed under Section 20 of the Sick Industrial Companies Act, to the National Company Law Tribunal (NCLT) and set aside an NCLT order admitting a Section 7 insolvency …
The plaintiffs, Dubai nationals and shareholders of a Dubai‑incorporated company (Defendant No.2), filed a derivative suit in the Madras High Court seeking a declaration that Defendant No.2 held the beneficial interest in 6.16% of the shares of an Indian company (Defendant No.1) that were registered …
