NCLT Proceedings Time Excludable Under Section 14 Limitation Act: Calcutta High Court

The Calcutta High Court on 6 May held that the time spent prosecuting insolvency proceedings before the National Company Law Tribunal (NCLT) is liable to be excluded under Section 14 of the Limitation Act, 1963, even where a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC) is rejected on the ground of pre-existing dispute. Justice Aniruddha Roy allowed a commercial suit filed by Jones Lang LaSalle Property Consultants (India) Pvt Ltd against M. A. Leasing and...

Bombay High Court Quashes ₹10.25 Crore GST Demand Against Capital First Post-Merger With IDFC First Bank

The Bombay High Court has quashed a ₹10.25 crore GST demand raised against Capital First Limited post its merger with IDFC First Bank. It held that proceedings initiated against a company that had ceased to exist due to amalgamation are void ab initio and unsustainable in law.A Division Bench of Justice G.S. Kulkarni and Justice Aarti Sathe observed that despite repeated intimations about the merger, the department continued proceedings against the non-existent entity. Relying on the Supreme...

NCLT Has Exclusive Jurisdiction Over Internal Company Mismanagement Disputes: Bombay High Court

The Bombay High Court on 4 May held that civil courts cannot entertain interim relief claims arising from allegations of internal company mismanagement, as such disputes fall within the jurisdiction of the National Company Law Tribunal (NCLT) under the Companies Act, 2013. Justice Gauri Godse dismissed interim applications filed by Ocean Deity Investment Holdings Ltd. and Mack Star Marketing Pvt. Ltd. against Vikram Homes Pvt. Ltd. in a dispute concerning the sale of commercial units allegedly...

Transactions During Winding-Up Can Be Validated If Beneficial To Creditors: Bombay High Court

The Bombay High Court on 4 May held that transactions entered into during pendency of winding-up proceedings ought to be validated if they benefit the company or its creditors. The Court accordingly rejected the Official Liquidator's plea seeking to declare void a Rs. 27 crore sale of Milestone Interactive Pvt. Ltd.'s property in favour of M.M. Styles Private Limited. Justice Arif S. Doctor validated the transaction executed on 9 September 2016 during pendency of the winding-up proceedings,...

Reliance Moves Bombay High Court To Restrain Release Of Punjabi Movie 'Carry On Jatta 4'

Reliance Industries Ltd. has moved the Bombay High Court, seeking to restrain the release of Punjabi film Carry On Jatta 4 over a contractual dispute. On Friday, the court permitted the company to cure defects in its plaint and approach the Vacation Court.The movie is slated for release on June 26, 2026. Justice Abhay Ahuja passed the order after objections were raised by the defendants over the maintainability of Reliance's commercial suit. The dispute arises out of a tripartite...

"Scam Within Scam": Bombay High Court Quashes Primezone Property Auction In Rs 5,600-Crore NSEL Scam

The Bombay High Court on Friday set aside the auction sale of Primezone Developers' Haryana properties linked to the Rs 5,600-crore NSEL fraud, calling the valuation and sale exercise a “scam within the scam” and finding that the process was manipulated to favour a pre-determined buyer. Calling the exercise deeply compromised, the division bench of Justices A.S. Gadkari and Kamal Khata held,“According to us, this is a scam within the scam. The Competent Authority bear primary responsibility,...

Calcutta High Court Sets Aside Rejection of ARS Steels' Plea To Cancel Rival TMT Bar Design Registration

The Calcutta High Court on Thursday set aside an order of the Deputy Controller of Patents and Designs rejecting ARS Steels and Alloy International Private Limited's application to cancel the registered design of a double “XX-Rib” pattern on construction rods held by Souvik Steels Private Limited. Holding the order unsustainable, the court said the Controller's finding that there was “no scope of enquiry” into similar products already being available in the market was “perverse.” Justice Ravi...

Calcutta High Court Says Vodafone Needs IPRS Licence To Use Songs As Caller Tunes

The Calcutta High Court on Friday held that Vodafone Idea Limited cannot commercially exploit the underlying musical and literary works embedded in sound recordings used for caller tunes and ringtones without obtaining permission from the Indian Performing Right Society Limited (IPRS). IPRS is a copyright society that manages copyright licences for musical and literary works on behalf of rights holders. The court said Vodafone's arrangements with sound recording companies such as Saregama...

NSEL Case: Bombay High Court Allows SBI's SARFAESI Action Despite MPID Attachment

The Bombay High Court on Friday allowed State Bank of India (SBI) to proceed against secured assets attached in the National Spot Exchange Ltd. (NSEL) scam proceedings under the SARFAESI Act, holding that the bank's rights as a secured creditor cannot be lightly defeated. Setting aside a March 8, 2023 order of the Maharashtra Protection of Interests of Depositors (MPID) special court, a Division Bench of Justices A.S. Gadkari and Kamal Khata held that SBI's earlier failure to deposit amounts...

Kolkata East-West Metro: Calcutta High Court Upholds Arbitral Award In Favour Of KMRC

The Calcutta High Court on Friday dismissed a challenge filed by ITD-ITD CEM Joint Venture against an arbitral award arising from the Kolkata East-West Metro Railway Project. It upheld the award in favour of Kolkata Metro Rail Corporation Ltd (KMRC). Justice Gaurang Kanth rejected the contractor's petition under Section 34 of the Arbitration and Conciliation Act. The challenge was to portions of an arbitral award dated November 21, 2019. The award had rejected the contractor's claims for...

Supreme Court Issues Notice On Prayag Group Promoters' Bail Plea In ₹2,862 Crore PMLA Case

The Supreme Court on Friday issued notice on a plea by Prayag Group promoters Basudeb Bagchi and Avik Bagchi challenging a Calcutta High Court order refusing them regular bail in a PMLA case. The Enforcement Directorate alleges the promoters defrauded investors of around Rs. 2,862 crores. A Bench of Justices Vikram Nath and Sandeep Mehta noted the ED's appearance on advance notice and dispensed with formal service of notice on the agency. The matter has been listed for hearing on July 14, 2026....

No TDS Payable On National Highways' Land Acquisition Arbitral Awards: Bombay High Court

The Bombay High Court has held that deducting TDS from compensation awarded under arbitral awards in National Highways acquisition cases is impermissible, holding that forcing land losers to seek tax refunds would defeat the purpose of the land acquisition law's tax exemption.Referring to Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, the Court observed, "Any interpretation which requires deduction of tax at source...