SREI Multiple Asset Investment Trust Vision India Fund v Deccan Chronicle Marketeers & Ors. | Civil Appeal No(S).1706 of 2023; March 17, 2023
The Supreme Court has held that the declaration made by the NCLT to the effect that the trademarks “Deccan Chronicle” and “Andhra Bhoomi”, which originally belonged to Deccan Chronicle Holdings Ltd. (“DCHL/Corporate Debtor”), continues to be under the ownership of DCHL post the approval of resolution plan, would amount to impermissible modification of resolution plan...
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Shekhar Resorts Limited vs Union of India | 2023 (SC) | CA 8957 OF 2022 | 5 Jan 2023
The Supreme Court Bench comprising of Justices M R Shah and Justice B V Nagarathna has remarked that “No one can be expected to do the impossible” while granting relief to a company which could not avail the benefit of settlement of tax dues under “Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, due to moratorium...
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Sabarmati Gas Limited vs Shah Alloys Limited |Civil Appeal No. 1669 of 2020; January 04, 2023
The Supreme Court Bench comprising of Justices Ajay Rastogi and Justice C T Ravikumar has held that delay in initiating Corporate Insolvency Resolution Process (CIRP) is condonable on sufficient grounds. “When the limitation period for initiating CIRP under Section 9, IBC is to be reckoned from the date of default, as opposed to the date of commencement...
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