FeaturedNCLT Orders Liquidation for Non-Furnishing Performance Bank Guarantee
The NCLT has ordered liquidation after the Resolution Applicant failed to furnish a mandatory Performance Bank Guarantee, rendering the resolution plan non-responsive.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe NCLT has ordered liquidation after the Resolution Applicant failed to furnish a mandatory Performance Bank Guarantee, rendering the resolution plan non-responsive.
FeaturedThe NCLT dismissed a ₹7 crore resolution plan, finding it failed to protect statutory entitlements of dissenting creditors under Section 30(2)(b) of the IBC.
FeaturedThe Ministry of Law and Justice has announced the commencement of the Tribunals Reforms Act, 2026, with all provisions effective from August 25, 2026. The Act aims to enhance the efficiency, transparency, and independence of tribunals in India.
In Ashit Padhaya v. Assistant Controller of Patents and Designs, the Bombay High Court clarified that a Controller's reliance on undisclosed evidence undermines the post-grant opposition process. This ruling emphasizes the necessity of transparency in patent assessments for the protection of patentees.
The Securities Appellate Tribunal (SAT) has set aside SEBI's rejection of an open offer withdrawal, remitting the matter for a speaking order. The tribunal found that crucial material submissions were not considered by SEBI.
In a notable ruling, NCLT Mumbai has granted a waiver to a 4.65% minority shareholder from the Section 244 threshold for pursuing oppression claims, establishing a precedent for minority shareholder rights.
The NCLT Delhi has sanctioned a capital reduction and reorganization scheme under Sections 230-232 of the Companies Act for Western UP Tollway. This development is integral for the financial restructuring of the company.
The NCLAT Delhi has, by a 2:1 majority, upheld a corporate debtor's existing easementary right of way during the liquidation process, affirming the NCLT's jurisdiction under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC). This ruling emphasizes the significance of maintaining pre-existing rights in corporate insolvency scenarios.
The Supreme Court has quashed Gujarat High Court directions that compelled CWC to accept the relocation of its warehouse. The matter has been remitted for fresh consideration.
The Delhi High Court ruled that the National Commission for Women (NCW) exceeded its authority by seeking a Look Out Circular. The court declared the subsequent detention illegal, awarding compensation to the petitioner.
The Supreme Court has upheld the specific performance of a property sale agreement from 1989, ruling that the suit fell within the limitation period and that readiness and willingness were sufficiently proven.
The Delhi High Court's ruling in Intra Cellular Therapies v. Controller of Patents revisited critical issues regarding disclosure in pharmaceutical patents, specifically addressing the therapeutic efficacy threshold under Section 3(d) of the Patents Act.