June 22, 2024 In Blog, Uncategorized

BOMBAY HIGH COURT HOLDS CUSTOMER NOT LIABLE IN CYBER FRAUD WHERE BANK IS NEGLIGENT

INTRODUCTION A two- Judge Bench of the High Court of Bombay comprising of Justice Firdosh P. Pooniwalla and Justice G. S Kulkarni passed an Order dated 13.06.2024 in Jaiprakash Kulkarni and  Pharma Search Ayurveda Private…

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June 22, 2024 In Blog, Uncategorized

BOMBAY HIGH COURT UPHOLDS TRANSFER OF PROPERTY BY DEBTOR COMPANY TO BUYER, AFTER COMMENCEMENT OF WINDING UP, AS BUYER ESTABLISHED ITS BONA FIDES

In a recent matter of Helbon Engineers Pvt. Ltd. vs Ferral Anant Machinery Manufacturers Pvt. Ltd. and Anr. Interim Application No. 1454 of 2024 in Company Petition No. 924 Of 2003, the Hon’ble Bombay High…

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June 15, 2024 In Blog, Uncategorized

NGT DIRECTS RESPONDENT- MINING COMPANY TO UNDERTAKE EFFECTIVE SAFEGUARD MEASURES TO CONTINUE SCIENTIFIC MINING ACTIVITIES

Introduction: The Principal Bench of National Green Tribunal at New Delhi (NGT) comprising of Hon’ble Justice Arun Kumar Tyagi and Hon’ble Justice Afroz Ahmad dismissed Original Application No. 285/2024, vide Order dated 29.04.2024 with necessary…

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June 15, 2024 In Blog, Uncategorized

NCLAT HOLDS THAT NCLT MUST TAKE CONSIDERATION OF ALL FACTS AND CIRCUMSTANCES BEFORE REJECTING RESOLUTION PLAN

A three Judge Bench of National Company Law Appellate Tribunal (NCLAT) comprising of Justice Ashok Bhushan and Technical Members Barun Mitra and Arun Baroka passed a judgement dated 30.05.2024 in M/s. Eagle Fashions Pvt. Ltd….

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June 15, 2024 In Blog, Uncategorized

NCLAT UPHOLDS REJECTION OF HOMEBUYER’S CLAIMS FOR FAILURE TO PROVIDE PROOF OF PAYMENT TO CORPORATE DEBTOR

A Three Judge Bench of the National Company Law Appellate Tribunal Principal Bench, New Delhi (NCLAT), comprising of Justice Justice Ashok Bhushan, Justice Barun Mitra and Justice Arun Baroka passed a Judgment dated 24-05-2024 in…

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June 15, 2024 In Blog, Uncategorized

NCLAT UPHOLDS NCLT’S DISMISSAL OF INSOLVENCY APPLICATION AS THERE WAS NO PRIVITY OF CONTRACT BETWEEN PARTIES

INTRODUCTION A two- Member Bench comprising of Justice Rakesh Kumar Jain and Mr. Indevar Pandey of the National Company Law Appellate Tribunal Principal Bench, New Delhi passed an Order dated 16.05.2024 in Comp. App. (AT)…

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June 15, 2024 In Blog, Uncategorized

NATIONAL COMPANY LAW APPELLATE TRIBUNAL UPHOLDS FORFEITURE OF BANK GUARANTEE FOR NON-COMPLIANCE OF RESOLUTION PLAN BY RESOLUTION APPLICANT

The Hon’ble National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT) has recently passed a Judgment dated 29-05-2024 in Peter Beck und Partner vs Sharon Bio Medicine Limited and Ors. Company Appeal (AT) (Insolvency)…

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June 8, 2024 In Blog, Uncategorized

DELHI HIGH COURT REITERATES FACTORS GOVERNING THE GRANT OF REGULAR BAIL IN ECONOMIC OFFENCES

INTRODUCTION A Single-Judge Bench of Hon’ble Delhi High Court comprising of Hon’ble Ms. Justice Swarna Kanta Sharma passed a judgement dated 04.06.2024 in Amandeep Singh Dhall v. CBI, BAIL APPLN. 2229/2023 and reiterated the principles…

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June 8, 2024 In Blog, Uncategorized

NCLAT DISMISSES INSOLVENCY APPLICATION ON THE GROUND OF PRE-EXISTING DISPUTE BETWEEN THE PARTIES

A three Judge Bench of National Company Law Appellate Tribunal (NCLAT) comprising of Justice Ashok Bhushan and Technical Members Barun Mitra and Arun Baroka passed a judgement dated 06.05.2024 in Royal Manpower Services v. Faridabad…

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June 8, 2024 In Blog, Uncategorized

NCLAT REJECTS APPELLANT’S CLAIMS FILED POST-APPROVAL OF RESOLUTION PLAN BY COMMITTEE OF CREDITORS

A Three Judge Bench of the National Company Law Appellate Tribunal (NCLAT) comprising of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr Indevar Pandey (Technical Members) passed a Judgment dated 20-05-2024 in the matter…

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