April 4, 2021 In Blog, Uncategorized

ACT FOR FINANCING INFRASTRUCTURE RECEIVES PRESIDENT’S ASSENT

On 28-03-2021, the National Bank For Financing Infrastructure and Development Act (the Act), 2021 received #Presidentialassent. The Act which seeks to establish the National Bank for Financing Infrastructure and Development (#NBFID) as the principal Development…

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April 4, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS THAT LIMITATION ACT, 1963 IS APPLICABLE TO THE INSOLVENCY PROCEEDINGS UNDER IBC

The #SupremeCourt of India in the case of Sesh Nath Singh & Anr. versus Baidyabati Sheoraphuli Co-Operative Bank Ltd and Anr. [Civil Appeal NO. 9198 OF 2019], vide its Judgment dated 22.03.2021 held that the…

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March 28, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS THAT ADJUDICATORY AUTHORITY CANNOT MODIFY A RESOLUTION PLAN

The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices A.M. Khanwilkar, Dinesh Maheshwari and Sanjiv Khanna passed a Judgment dated 24.03.2021 in the case of Jaypee Kensington Boulevard Apartments Welfare Association…

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March 28, 2021 In Blog, Uncategorized

DELHI HIGH COURT HOLDS OBJECTIONS REGARDING JURISDICTION UNDER ARBITRATION AND CONCILIATION ACT, 1996 HAS TO BE RAISED AT THE INCEPTION

A Single Judge Bench of the Hon’ble #HighCourt of #Delhi comprising of Justice Pratibha M Singh passed a Judgment dated 25-03-2021 in the case of Surender Kumar Singhal & Ors. v. Arun Kumar Bhalotia &…

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March 28, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS REFERENCE TO ARBITRATION IS MAINTAINABLE INSOLVENCY PETITION IS NOT ADMITTED

Recently, the three-Judges Bench of the #SupremeCourt of India in the case of Indus Biotech Private Limited vs. Kotak India Venture (Offshore) Fund [Arb. Petition (Civil) 48/2019], vide Judgment dated 26.03.2021 held that #Arbitration Reference…

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March 28, 2021 In Blog, Uncategorized

SUPREME COURT ALLOWS REMEDIAL MEASURES FOR MICRO, SMALL AND MEDIUM ENTERPRISES

The #SupremeCourt has in a recent case of Small Scale Industrial Manufactures Association (Regd.) vs Union of India and others passed a Judgment dated 23-03-2021, whereby, the Apex Court allowed some of the #remedialmeasures sought…

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March 28, 2021 In Blog, Uncategorized

SUPREME COURT SETS ASIDE NCLAT ORDER OF REINSTATEMENT OF MR. CYRUS MISTRY IN TATA GROUP

A Three Judge Bench of the #SupremeCourt has in a recent case of Tata Consultancy Services Limited vs Cyrus Investments Pvt. Ltd. and Others Civil Appeal Nos. 440441 of 2020 passed a Judgment dated 26-03-2021,…

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March 19, 2021 In Blog, Uncategorized

SUPREME COURT ISSUES DIRECTIVES FOR UNIFORM PROCEDURE FOR COMPENSATION IN MOTOR ACCIDENT CLAIM CASES

The Two Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices Sanjay Kishan Kaul and R. Subhash Reddy passed an Order dated 16.03.2021 in the case of Bajaj Allianz General Insurance Company Private…

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March 19, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS THAT THERE WILL BE NO TRANSFER OF CASES ON THE GROUND OF ENHANCED PECUNIARY LIMIT UNDER THE CONSUMER PROTECTION ACT, 2019

Recently, the #SupremeCourt of India in the case of Neena Aneja and Others vs Jai Prakash Associates Ltd (Civil Appeal Nos. 3766-3767 of 2020), vide its Judgment dated 16.03.2021 held that #consumercomplaints instituted under the…

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March 19, 2021 In Blog, Uncategorized

SUPREME COURT HOLDS PROMOTER INELIGIBLE TO PROPOSE COMPROMISE OR ARRANGEMENT DURING LIQUIDATION OF COMPANY

The #SupremeCourt has in a recent case of Arun Kumar Jagatramka vs Jindal Steel and Power Ltd. & Anr. passed a Judgment dated 15-03-2021 and decided upon the issue whether a person who is #ineligible…

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