Debt Recovery Tribunal Cannot Entertain A Claim Below Rs.10 Lakhs Under Sarfaesi Act – Delhi High Court
There is a remarkable legal development wherein the High Court of Delhi (HC) in its ruling brought major implications on the jurisdiction of Debt Recovery Tribunals (DRT) under the Securitization and Reconstruction of Financial Assets
Bombay High Court Gives Nod to Tenants to Redevelop Demolished Building Themselves
The High Court of Bombay (“HC”) in a recent judgment[i] permitted the tenants to reconstruct their demolished premises u/s 499(6) of the Mumbai Municipal Corporation Act (“MMC Act”). It further directed to recover costs from
Abdullah Qureshi, Associate Partner, INDIALAW LLP quoted in The Hindu business line.
https://www.thehindubusinessline.com/economy/ibbi-proposes-new-measures-to-improve-corporate-insolvency-process-efficiency/article67489635.ece
Second Petition U/S 482 CR.P.C. Not Maintainable On Grounds Already Available During First Petition: Supreme Court
Recently, the Supreme Court has passed a notable judgment wherein it held that a second petition filed u/s. 482 of the Criminal Procedure Code, 1973 (Cr.P.C.) on grounds that were already available for challenge during
Sanctioning Claim for Loss of Profit in Absence of Substantial Proof Is in Conflict with Public Policy of India: Apex Court
Introduction In the context of interpreting an award deemed to be patently illegal and conflicting with public policy, the Supreme Court in M/s. Unibros v. All India Radio[1], clarified that a claim for loss of
Supreme Court Re-Affirms The Law Laid Down In The Case Of Rainbow Papers By Dismissing Review Petition
Introduction The recent judgment of the Supreme Court comes as a major drawback to lenders as the Court dismissed the Review Petitions filed by the Lenders seeking review of earlier judgment passed by the Court.
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