Tag: supreme court

Our Senior Partner Shiju PV Quoted in Economic Times
Shiju Opines “Despite the error, the customer remains liable for their credit card debt. The debt is based on the transactions and charges made using the credit card, and repayment obligations do not disappear due

Parties Can Not Take Leverage Of The Availability Of Limitation Period Of 3 Years For Specific Performance Suits Without Justifiable Grounds
The Hon’ble Supreme Court (“SC”) in a recent decision[1], reiterated the position settled by courts, regarding when a specific performance suit ought to be preferred by a party to an agreement. The facts in the

Whether A Cost Incurred By Resolution Professional During CIRP Qualifies as CIRP Cost?
Introduction In a recent ruling dated 14.05.2024, in the case of Avil Menezes (Liquidator) v. Abdul Qudduskhan and Anr,[i] the Hon’ble NCLAT, New Delhi, clarified that the mere fact that dues have arisen during the

Treatment Of Secured Creditors In Liquidation Under The Insolvency And Bankruptcy Code (Ibc)
Insolvency And Bankruptcy Code (IBC) The Insolvency and Bankruptcy Code (IBC), enacted in May 2016 and effective from December 2016, aims to consolidate and amend laws related to the reorganization and insolvency resolution of corporate

Supreme Court Recognizes The Fundamental Rights Of Consumers In Relation To Misleading Advertisements
In a significant development, the Hon’ble Supreme Court of India has passed an order on 7th May 2024, addressing the issue of misleading advertisements, particularly in the food and health sectors. The directions were passed

Service Provider Must Substantiate Any Claim That A Service Was Availed For Commercial Purposes: Supreme Court
In a judgment passed by the Supreme Court, delivered by a Bench presided by the Hon’ble Justice Pamidighantam Sri Narasimha and Justice Aravind Kumar. The Hon’ble Bench dismissed appeals filed by Shriram Chits (India) Private
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