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The National Company Law Tribunal (NCLT), Indore Bench of Sh. Shammi Khan (Judicial Member) and Sh. Sanjeev Sharma (Technical Member) has held that while admitting a petition under Section 7 of the IBC filed by homebuyers based on the default committed by the corporate debtor, the corporate debtor can be directed to complete the project…
The Supreme Court on Thursday (July 31) made a prima facie observation that its May 2 judgmentwhich rejected the resolution plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL) and directed the liquidation of BPSL, required a review as it was contrary to the law laid down in various precedents. A bench of…
The Bombay High Court has held that a woman in possession of a flat, though claimed to be a gratuitous licensee by the registered owner, cannot be dispossessed merely on account of redevelopment proceedings. The Court modified the directions issued by the Single Judge and directed that she be put back in possession of the…
