LATEST CASE LAWS
The Supreme Court refused to review its judgment, stating that a co-ordinate Bench cannot comment on another's decision, and no error was apparent on the face of the record in the impugned judgment.
In this case, a batch of five Review Petitions sought to review a common Judgment and Order dated 06.09.2022 passed by the Supreme Court in two Civil Appeals (No. 1661 of 2020 and No. 2568 of 2020) filed by the State Tax Officer-appellant.
Civil Appeal No. 1661 of 2020 was filed by the State Tax Officer against Rainbow Papers Limited (Corporate Debtor) due to a dispute over the pri...
Sanjay Kumar Agarwal v. State Tax Officer (1) and Another
October 31, 2023
REED 2023 SC 10595
The High Court upheld the rejection of an Insolvency Professional application, affirming the discretionary power of the Board to assess fitness based on past conduct and integrity, in accordance with the Insolvency and Bankruptcy Code regulations.
The petitioner challenged the rejection of their application as an Insolvency Professional by the Board, stemming from past allegations of violating securities market regulations. This included engaging in fraudulent trading practices leading to a penalty and subsequent legal proceedings, where the Supreme Court upheld the penalty. Th...
Pooja Menghani v. Insolvency and Bankruptcy Board of India
November 20, 2023
REED 2023 Del 11541
The NCLAT upheld the rejection of the Appellant's Resolution Plan due to their non-compliance with the Bank Guarantee requirement stipulated in the RFRP, finding no illegality in the CoC's decision and dismissing the appeal as moot after the plan had been implemented and funds distributed.
The National Company Law Appellate Tribunal (NCLAT) reviewed an appeal against the National Company Law Tribunal's (NCLT) order approving a Resolution Plan submitted by a Successful Resolution Applicant. The Appellant had also submitted a plan, but it was not considered because they failed to...
Rakesh Ranjan v. Fanendra Harakchand Munot and Another
December 4, 2023
REED 2023 NCLAT Del 12501
The appellant's claim for protection against possession by the respondent-Financial Institution was dismissed as the sale deed clearly transferred ownership to respondents 2 and 3, and the appellant's remedies for redressal were available through civil and criminal actions.
In the present case, the Debts Recovery Appellate Tribunal (DRAT) issued an order in response to Appeal No. 120/2023. The appeal arose from an impugned order dated 28.03.5023 passed by the Presiding Officer, DRT-I, Delhi. The impugned order dealt with a securitization application filed by the appellant, chal...
Sameer Khullar v. Cholamandalam Investment and Finance Company Limited