In a noteworthy ruling, the Bombay High Court addressed an important issue concerning tax liabilities arising after a Corporate Insolvency Resolution Process (CIRP) in Uttam Value Steel Ltd. & Anr. Vs ACIT & Ors[1]. This case illuminates the tension between an approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (IBC) and the actions […]
The Supreme Court reinforced the sanctity of contractual terms, ruling that, in cases of delayed property possession, the buyer is entitled to seek a refund along with interest at the rate specified in the original contract. The Court further emphasized that judicial bodies cannot alter mutually agreed-upon contracts. In the case of Venkataraman Krishnamurthy and […]
A long-running trademark dispute between the U.S. based Burger King Corporation and a local Pune eatery using the same name has escalated from a local court victory for the eatery to a fresh challenge in the Bombay High Court. The case Burger King Corporation vs. Ms. Anahita Irani and another involved a legal dispute between […]
IRP/RP can ask for continuation of the supply of such goods and services which are critical to protect and preserve the value of the Corporate Debtor and manage the operations of such Corporate Debtor as a going concern. Corporate Debtor’s (“CD”) electricity was disconnected 3 months prior to commencement of the CIRP. The Power Supply […]
In a recent ruling, the Supreme Court clarified directors’ vicarious liability in company offenses, emphasizing stringent requirements for their accountability. In the case of Bharti Airtel Limited (“Airtel”) and Fitbel Telecom Solutions Private Limited (“Company”), the Supreme Court of India provided crucial insights into the vicarious liability of directors. The judgment emphasized the stringent requirements […]
Supreme Court emphasizes need for credible evidence in claims for loss of profit due to breach of contract.
In a recent ruling, the Supreme Court emphasized the essential requirement of credible evidence in loss of profit claims, setting a precedent for rigorous standards in such legal matters. M/S Unibros (“Unibros”) was awarded a work contract by All India Radio (“AIR”) to carry out construction of Delhi Doordarshan Bhawan. The project was delayed by […]
In a recent case, the Delhi High Court considered whether the use of a trademark as a keyword in a search engine can constitute trademark infringement. The judgment is likely to have implications for other companies that use trademarks as keywords in search engine advertising. Brief facts of the case are set out below: DRS […]
ENFORCEMENT OF A FOREIGN AWARD – SC BRINGS IN CLARITY It is said that there are situations when an honest attempt is made to uncomplicate a relatively simple question of law distorted by time, it further complicates it. The humongous task recently undertaken by the three-judge bench of the Hon’ble Supreme Court proves the […]