Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court affirmed that a final resolution plan under IBC cannot be modified by arbitral proceedings initiated post-approval.
FeaturedSupreme Court refers question of writ jurisdiction over MSME Council awards to a five-judge bench.
FeaturedSupreme Court affirms NCLT's power to recall approved resolution plans for material irregularities.
FeaturedSupreme Court rules that an admission order under Section 7 of IBC initiating CIRP is binding and cannot be resiled from in collateral proceedings, affirming finality of tribunal decisions.
FeaturedThe Supreme Court ruled that the Committee of Creditors cannot withdraw an approved resolution plan solely due to the corporate debtor’s improved financial position.
FeaturedSupreme Court held that the Committee of Creditors cannot withdraw an approved resolution plan merely because the corporate debtor's financial position has improved.
FeaturedSupreme Court held Section 212(3) of Companies Act is directory, restoring SFIO investigation into Sahara Group despite delay.
FeaturedSupreme Court holds that the 60-day limitation period for appeals under IBC Section 62 begins from the date of NCLAT’s order, not the receipt of certified copy, aligning with statutory interpretation principles.
FeaturedSupreme Court rules that the 60-day limitation period for filing an appeal against NCLAT orders under Section 62 of IBC begins from the date of order, not receipt of certified copy.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the end-use or intended application by consumers.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the buyer's ultimate use, clarifying long-standing confusion in tax jurisprudence.
FeaturedSupreme Court held that foreign-leg Leave Travel Concession (LTC) benefits are not exempt under Section 10(5) and SBI must deduct TDS on such reimbursements.