Arbitration Claim Cannot Alter Approved IBC Plan: SC
The Supreme Court affirmed that a final resolution plan under IBC cannot be modified by arbitral proceedings initiated post-approval.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Supreme Court affirmed that a final resolution plan under IBC cannot be modified by arbitral proceedings initiated post-approval.
Supreme Court refers question of writ jurisdiction over MSME Council awards to a five-judge bench.
The Supreme Court ruled in Arth Micro Finance v. Shivalik Bank that a tribunal appointed without mutual consent under a unilateral clause never legally existed, reinforcing arbitration agreement fundamentals.
FeaturedSupreme Court upholds Delhi HC's order for forensic audit of Fortis Healthcare in Daiichi-Sankyo vs Singh brothers dispute, clarifying observations are prima facie only.
FeaturedThe Supreme Court has set aside an order by the Appellate Tribunal for Electricity (APTEL) that reversed its own prior decision on a settled legal issue, calling the act a 'gross breach of judicial discipline' and questioning the tribunal's independence.
FeaturedThe Supreme Court has referred the long-pending Krishna-Godavari Basin gas migration dispute between Reliance Industries and the Union government to mediation, appointing former SC Judge Justice Ranjana Prakash Desai as mediator.
Supreme Court refers question of whether MSME registration must predate arbitration under Section 18 to a three-judge bench.
FeaturedBombay High Court refuses Meta’s jurisdiction challenge, holding that contractual forum clauses cannot override Indian procedural law; Facebook India’s failure to object earlier proved fatal.
FeaturedThe Supreme Court has ruled that an admission of claim under Section 7 of the IBC, leading to initiation of CIRP, is conclusive and cannot be resiled from in subsequent legal proceedings.
Emergency arbitration awards remain unenforceable as 'decrees' under Indian law, but courts may enforce them through interim orders under Section 9 of the Arbitration Act.
FeaturedNearly a decade after winning a foreign arbitral award against Malvinder and Shivinder Singh, Daiichi Sankyo informs the Supreme Court that execution remains uncompleted despite multiple enforcement proceedings.
FeaturedNCLAT dismissed a personal guarantor’s appeal, holding that an arbitral award enforcing joint liability does not convert a guarantor into a co-borrower under IBC.