Impact of the MCA Exemption on IBC Moratorium for Cape Town Convention related to Aircrafts and other assets: Resolving the Go First Insolvency Crisis
The intersection of domestic insolvency laws and international aviation treaties recently took center stage during the corporate insolvency resolution process of Go Airlines (India) Limited. When the airline filed for voluntary insolvency, the National Company Law Tribunal admitted the plea on May 10, 2023, triggering a strict moratorium under Section 14 of the Insolvency and […]
CCPA Penalizes Britannia for Misleading “100% Whole Wheat Bread” Claims
In a significant move to protect consumer rights, the Central Consumer Protection Authority (CCPA) recently passed an order against Britannia Industries Ltd. for deceptive marketing practices. The regulatory body investigated the company’s prominent advertising claims surrounding its “100% Whole Wheat Bread”. The Core Violation The CCPA took suo-moto cognizance of Britannia’s marketing campaigns across various […]
Supreme Court Ruling on Tax Classification Based on Physical Form Versus Consumer End Use
The Supreme Court of India recently delivered a comprehensive judgment clarifying the statutory principles of tax classification for commercial goods under regional tax frameworks. The dispute centered on whether health supplements sold in powder form should be taxed as beverages based on their final preparation method or taxed under a residuary category based on their […]
Patil Automation vs Rakheja Engineers: Supreme Court Commercial Judgments on Commercial Courts Act India, Commercial Dispute Resolution, Section 12A Mandatory Mediation, and Suit Rejection
Introduction to the Legal Framework The landscape of business litigation has undergone a massive transformation in recent years. Designed to accelerate the resolution of high stakes business disputes, the specialized legal framework aims to enhance the ease of doing business. Before these dedicated tribunals were established, corporate entities faced immense challenges with traditional civil litigation […]
Reverse corporate insolvency -Supreme Court Upholds Project-Wise Insolvency: Relief for Homebuyers Under Section 7 IBC
Supreme Court of India delivered a crucial order balancing corporate creditor rights with the welfare of thousands of flat purchasers. The ruling addresses the legality of reverse corporate insolvency resolution and project-specific insolvency under the Insolvency and Bankruptcy Code, 2016. Background of the Dispute The dispute originated when the National Company Law Tribunal admitted an […]
Supreme Court Mandates Strict 60 Day Deadline for IBC Appeals
The Supreme Court passed the order in Civil Appeal No. 7882 of 2023, addressing a critical question regarding the computation of limitation periods under the Insolvency and Bankruptcy Code, 2016. The judgment clarifies the exact point for the limitation clock when an aggrieved party seeks to challenge an order from the National Company Law Appellate […]
Supreme Court Invalidates Yes Bank AT1 Bonds Write Down
The Supreme Court of India delivered a landmark ruling regarding the financial restructuring of a major private sector bank. The Court passed the order in Civil Appeal No. 3182 of 2025 and connected appeals, ultimately dismissing the challenge brought by the banking institution, the Reserve Bank of India, and the Union of India against a […]
Supreme Court Upholds Price Discovery in Public Auctions: Chandigarh Administration Directed to Conduct Fresh E-Auction
The Supreme Court of India set aside a judgment of the Punjab and Haryana High Court and directed the Chandigarh Administration to conduct a fresh e-auction within three months for a commercial nursing home plot in Sector 33-C, Chandigarh. The Court ruled that an Agreement to Sell does not constitute a concluded contract under law […]
Supreme Court clarifies threshold for admitting Section 7 IBC Applications.
The landscape of corporate insolvency in India requires strict adherence to statutory timelines and evidentiary standards to ensure the swift resolution of stressed assets. In a definitive ruling, the Supreme Court addressed the evidentiary threshold for admitting insolvency petitions and the legal weight of Information Utility records. The Court passed the order on October 15, […]
Delhi High Court to examine Intermediary Liability and Copyright Strikes: Section 60 of Copyright Act.
The High Court has agreed to scrutinize intermediary liability concerning social media account suspensions. The plaintiff challenged the standard operating procedures of platforms that suspend user profiles based solely on copyright strikes. Framing a critical legal question, the Court directed the defendants to clarify whether their current take down and account deletion mechanisms comply with […]