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High Courts Can Examine Valuation, Reserve Price In Recovery Proceedings Under Supervisory Jurisdiction: Supreme Court
The Supreme Court on Friday observed that high courts may invoke their supervisory jurisdiction to examine valuation and reserve price fixation in recovery proceedings where credible issues are raised regarding the adequacy of valuation or the fairness of the process. A bench of Justices J.B. Pardiwala and R. Mahadevan made the observation while dismissing an appeal filed by an auction purchaser challenging a Madras High Court judgment dated February 6, 2020, which had remitted the matter to...
Supreme Court Sets Aside NCDRC Order, Says Homebuyers Who Chose RERA Cannot Later Approach Consumer Forum
The Supreme Court has recently held that where complainants had elected to pursue the remedy available under the Real Estate (Regulation and Development) Act, 2016, before the Real Estate Regulatory Authority and withdrew their complaint with liberty to file a fresh complaint before the Authority, they could not thereafter opt for the remedy available under the Consumer Protection Act for the same cause of action. A Division Bench of Justices Sanjay Kumar and K. Vinod Chandran set aside an...
Dalmia Cement Gets Partial Relief As PMLA Appellate Tribunal Cuts Proceeds To ₹92 Cr In ED Case Linked To YS Jagan Mohan Reddy
In a case linked to alleged quid pro quo investments involving former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy, the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) in Delhi has reduced the proceeds of crime attributed to Dalmia Cement (Bharat) Ltd from Rs. 793.34 crore to Rs. 92.52 crore while partly allowing the company's appeal against the attachment of properties. A single-member coram of V. Anandarajan was hearing an appeal challenging an order dated...
Supreme Court Dismisses Revenue SLP In DLF Case, Declines To Interfere With Deletion Of ₹80.66 Crore Income Tax Disallowance
The Supreme Court of India recently dismissed a Special Leave Petition filed by the revenue challenging a judgment of the Delhi High Court which had granted relief to DLF Home Developers Ltd. by deleting a disallowance of Rs 80.66 crore made under Section 14A of the Income-tax Act. Section 14A of the Income Tax Act disallows deduction of expenditure incurred in relation to income which does not form part of the total taxable income, and Rule 8D of the Income Tax Rules prescribes the method for...
LiveLawBiz: Corporate Legal News Daily Round-Up: March 12, 2026
COMPETITION LAW CCI Clears BookMyShow Of Abuse Of Dominance Allegations Despite Dominance In Online Movie Ticket Booking MarketIBC Haryana RERA Late Fee Cannot Be Refunded In IBC Proceedings Without Challenge Before Appellate Forum: NCLT, KolkataPersonal Guarantor Can Face Insolvency Even If Corporate Debtor Is In Liquidation: NCLT IndoreIBC Moratorium Operates Automatically, Not Dependent On Creditor's Knowledge Of CIRP: NCLT IndoreIPR Supreme Court Directs Status Quo In Zenlab-Latros...
Supreme Court Directs Status Quo In Zenlab-Latros Pharmaceuticals Trademark Dispute Over “ZENOVIT”
The Supreme Court recently directed the parties to maintain the status quo in a trademark dispute between Zenlab India and Latros Pharmaceuticals Pvt. Ltd., while asking the trial court to expeditiously decide the pending suits. A bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe passed the order while allowing an appeal filed by Zenlab challenging a judgment of the Bombay High Court dated February 16, 2022, which had granted an injunction in favour of Latros. “In view of above,...
CCI Clears BookMyShow Of Abuse Of Dominance Allegations Despite Dominance In Online Movie Ticket Booking Market
The Competition Commission of India on Thursday cleared BookMyShow operator Big Tree Entertainment Pvt Ltd of abuse of dominance allegations, even as it held that the company enjoys a dominant position in the online movie ticket booking market in India.A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad and Deepak Anurag closed the information filed by Vijay Gopal, founder of online movie ticketing portal Showtyme, registered in the name of Vanila Entertainments. The...
LiveLawBiz: Corporate Legal News Daily Round-Up: March 11, 2026
IBC Kerala High Court Sets Aside Rent Control Appellate Authority Order For Proceeding During IBC MoratoriumLiquidator Cannot Appeal His Own Replacement As He Is Not 'Person Aggrieved' Under IBC: NCLATNCLAT Upholds Rejection Of Homebuyer's Claim Filed 4 Days Before CoC Vote On Resolution Plan For DeveloperSuspended Management Cannot Order Independent Forensic Audits To Challenge CIRP Claims: NCLAT New DelhiNCLT Bengaluru Issues Notice To Flipkart On Insolvency Plea Alleging Rs 4.37 Crore...
CCI Closes Complaint Alleging Excessive Air Ticket Cancellation Charges by IndiGo, Air India
The Competition Commission of India (CCI) on Wednesday dismissed a complaint accusing airlines IndiGo and Air India of imposing excessive and unfair air ticket cancellation charges, holding that no prima facie violation of competition law was made out. A coram of Chairperson Ravneet Kaur and Members Anil Agrawal, Sweta Kakkad, and Deepak Anurag passed the order. The information was filed by Kannadiputhur Sundararaman Suresh, a consumer, against InterGlobe Aviation Ltd (IndiGo) and Air India...
NCLT Bengaluru Issues Notice To Flipkart On Insolvency Plea Alleging Rs 4.37 Crore Default
The National Company Law Tribunal (NCLT) at Bengaluru on Wednesday issued notice to Walmart-owned e-commerce company Flipkart Internet Pvt. Ltd. on an insolvency petition alleging a default of Rs 4.37 crore under the Insolvency and Bankruptcy Code, 2016. The petition has been filed by Netambit Value First Services Pvt. Ltd., an operational creditor, under Section 9 of the Code. A bench of Judicial Member Mahendra Khandelwal and Technical Member Ravindra Chaturvedi issued the notice after...