TO CONDONE DELAY OR NOT: A SHAKESPEAREAN DILEMMA FOR THE INDIAN WRIT COURTS
INTRODUCTION The Division bench of the Hon’ble Supreme Court of India (“SC” / “Supreme Court”) comprising of Hon’ble Justice Mr. A.M. Khanwilkar and Hon’ble Justice Mr. Dinesh Maheshwari, in Assistant Commissioner (CT) LTU, Kakinada & Ors. v. M/s Glaxo Smith Kline Consumer Health Care Limited[1] vide judgment dated May 6, 2020, decided as to whether …
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TO CONDONE DELAY OR NOT: A SHAKESPEAREAN DILEMMA FOR THE INDIAN WRIT COURTS
TO CONDONE DELAY OR NOT: A SHAKESPEAREAN DILEMMA FOR THE INDIAN WRIT COURTS INTRODUCTION The Division bench of the Hon’ble Supreme Court of India (“SC” / “Supreme Court”) comprising of Hon’ble Justice Mr. A.M. Khanwilkar and Hon’ble Justice Mr. Dinesh Maheshwari, in Assistant Commissioner (CT) LTU, Kakinada & Ors. v. M/s Glaxo Smith Kline Consumer …
Continue reading “TO CONDONE DELAY OR NOT: A SHAKESPEAREAN DILEMMA FOR THE INDIAN WRIT COURTS”
Supreme Court in Jaypee Infratech
Written by Jyoti B Singh and Mayank Samuel. Supreme Court in Jaypee Infratech: Third-party security holders are not financial creditors of the mortgagor entity. The Division Bench of the Hon’ble Supreme Court of India (“Supreme Court<”/ “Court”) in Anuj Jain, IRP for Jaypee Infratech Ltd v. Axis Bank Ltd and Ors. (Civil Appeal Nos. 8512-8527 …
INTERVENTION OF HIGH COURTS IN PROCEEDINGS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
Before the enactment of Insolvency and Bankruptcy Code, 2016 (Act No. 31 of 2016) (“IBC”), there was no single comprehensive law in India dealing with the insolvency and bankruptcy of companies, individual and partnership firms. Insolvency and bankruptcy of companies was dealt with in accordance with the Sick Industrial Companies (Special Provisions) Act, 1985 (“SICA”) …