Supreme Court held that Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises does require MSME to notify the lending bank by producing authenticated and verifiable documents/material to show its eligibility to get the benefit of the said Framework.
The Supreme Court clarifies Section 6(2)(b) of the CGST Act, ruling that a summons is not a “proceeding” and defining “same subject matter” to prevent parallel investigations.
The Supreme Court of India ruled that a provisional attachment order under Section 83 of the CGST Act cannot be re-issued or renewed after its one-year validity period expires.
The Supreme Court directed NCR authorities to immediately create dog shelters and remove all stray dogs from public areas to protect citizens from dog bites.
Supreme Court held that the commercial wisdom of the CoC must, accordingly, be given primacy during the CIRP. Once CoC decides that retention of the possession of the subject property was not in the interest of the CIRP, that decision must be given the respect that is lawfully due to it.
Supreme Court dismissed a petition, condemning defendant for repeatedly seeking adjournments to delay a 2013 eviction suit. SC affirmed closure of cross-examination.
The Supreme Court of India ruled in K. Kishan vs. Vijay Nirman Company that a pending challenge to an arbitral award constitutes a pre-existing dispute, which can block insolvency proceedings under the IBC.
The Supreme Court of India ruled that an insurance surveyor’s report is not the final word on a claim. It can be challenged with other evidence, as seen in the New India Assurance case.
The Supreme Court of India ruled that a Section 95 IBC plea was not time-barred, as the limitation period was extended by debt acknowledgment under Section 18 of the Limitation Act, 1963.
Supreme Court holds balance sheet debt entry valid under Section 18 Limitation Act; excludes COVID period; remands IBC case to NCLT for hearing.
