Supreme Court Holds Homebuyers Who Secure Decree under RERA Are Not Different from Other Financial Creditors Under IBC
In a notable judgment[1], the Hon’ble Supreme Court (“SC”) held that homebuyers cannot be treated differently from other ‘financial creditors’ under the Insolvency and Bankruptcy Code, 2016 (IBC) merely on the ground of securing favorable
Airlines shall be held liable for default in the services promised by its Agent: Supreme Court
The Hon’ble Supreme Court (“SC”) in a recent notable judgment held that the Airlines shall be bound by the time schedule promised by its agent. In the instant case the Appellant, Rajasthan Art Emporium booked
Rakesh Sahoo, Partner, INDIALAW LLP quoted in Business Standard.
https://www.business-standard.com/companies/news/share-of-liquidations-in-ibc-cases-on-a-downward-trend-shows-data-123112000943_1.html
Supreme Court Upholds that Dues of Central Board of Indirect Taxes & Customs, Department of Revenue to be paid according to the Waterfall Mechanism
In a notable Judgment dated 30.10.2023 in the case of Principal Commissioner of Customs V Rajendra Prasad Tak & Ors[1], the Hon’ble Supreme Court held that the dues of the Central Board of Indirect Taxes
Rights on An Immovable Property transferred Under an Agreement To Sell are not Conveyance Of Ownership: Supreme Court
In a recent judgment, passed in the matter of Munishamappa v.M.Rama Reddy and Ors.,[1]the Hon’ble Supreme Court (“SC”) clarified the fundamental principle of the conveyancing of immovable property, under section 54 of the Transfer of
Magistrate Holds no Power to Modify Its Previous Cognizance Order on Filing of Protest Petition: Supreme Court
In a notable judgment, the Supreme Court held that the Judicial Magistrate cannot entertain a protest petition against its own order wherein the cognizance has already been taken on a final report. Ramakant Singh and
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