Supreme Court Legal News Entries in balance sheets of the corporate debtor would amount to acknowledgement of debt due for the purpose of extending limitation under Section 18 of the Limitation Act.: SC set asides V. Padmakumar v. Stressed Assets Stabilisation Fund Decided on 15th April, 2021 Asset Reconstruction Company (India) Ltd. v. Bishal Jaiswal & Anr. For full text of judgment 'click here'

Supreme Court Legal News Empower the Trial Courts to reconsider/recall summons in respect of complaints under Section 138. :SC recommends series of amendments to NI Act to expedite trial Decided On 16th April, 2021 In Re: Expeditious Trial Of Cases Under Section 138 Of N.I. Act 1881 For full text of judgment CLICK HERE

Supreme Court Legal News Insurer not disabled from denying the claim on the ground of drunken driving even in the absence of a blood test or breath test.: SC held Decided on 12th April, 2021 Iffco Tokio General Insurance Company Ltd. v. Pearl Beverages Ltd. For full text of judgmentCLICK HERE

Supreme Court Legal News Any creditor including the Central Government, State Government or any local authority bound by the Resolution Plan once it is approved by an adjudicating authority under Section 31(1) of IBC.: SC holds the amendment to Section 31 retrospective Decided on 13th April, 2021 Ghanashyam Mishra And Sons Pvt. Ltd v. Edelweiss Asset Reconstruction Company Ltd. For full text of judgment 'click here'

Supreme Court Legal News A petition styled as one under Article 226 would not bar the High Court to exercise jurisdiction under the Act and/or under Article 227 of the Constitution. SC held Decided on 05th April, 2021 Kiran Devi v. The Bihar State Sunni Wakf Board And Ors. For full text of judgmentCLICK HERE