Supreme Court Sets Aside Auction of Sick Company’s Assets Due to Procedural Flaws: Rajiv Kumar Jindal vs. BCI Staff Colony (2023) LEGAL ISSUE: Whether the auction of a sick company’s assets was valid when the Operating Agency failed to follow mandatory procedures. CASE TYPE: Insolvency and Corporate Law Case Name: Rajiv Kumar Jindal and Others […]
Supreme Court Clarifies Limitation and Pre-Existing Dispute in Insolvency Cases: Sabarmati Gas vs. Shah Alloys (2023) LEGAL ISSUE: Whether the period of suspension of legal proceedings under the Sick Industrial Companies Act (SICA) can be excluded when calculating the limitation period for applications under Section 9 of the Insolvency and Bankruptcy Code (IBC), and whether
Supreme Court Upholds Withdrawal of Tax Exemption in Sick Industry Revival Case: Augustan Textile Colours Ltd. vs. Director of Industries (2022) LEGAL ISSUE: Whether the government can withdraw a tax exemption granted during the revival of a sick industrial unit. CASE TYPE: Tax Law, Sick Industry Revival. Case Name: Augustan Textile Colours Limited vs. Director
