Supreme Court Legal News Not to charge "interest on interest/compound interest/penal interest" for the period during the loan moratorium from any of the borrowers and any amount so recovered shall be refunded or adjusted. :SC rules rejecting the relief of total waiver of interest. Decided on 23rd March, 2021 Small Scale Industrial Manufactures Association (Regd.) v. Union of India and Ors. For full text of judgment CLICK HERE

Supreme Court Legal News SC overruling N.V. International v. State of Assam held that a cut off of 120 days cannot be judicially engrafted onto a statutory provision which then bars condonation of delay by even one day beyond the cap so engrafted for filing appeals under Section 37 of the Arbitration Act. Further held that a delay in filing an appeal under section 37 can be condoned by way of exception and not by way of rule. Decided on 19th March, 2021 GOVERNMENT OF MAHARASHTRA v. M/S BORSE ...

Supreme Court Legal News The nature of inquiry before the Family Court is adjudicatory and it does not possess plenary powers to do away with the mandatory procedural requirements known to law while adjudicating claims. SC held Decided on 17th March, 2021 Aman Lohia v. Kiran Lohia For full text of judgment CLICK HERE

Supreme Court Legal News Consumer proceedings instituted under Consumer Protection Act, 1986 shall continue before the Consumer fora constituted under the Act of 1986 and not to be transferred in terms of the new pecuniary limits established under the new Consumer Protection Act, 2019: SC directs Decided on 16th March, 2021 Neena Aneja & Anr. v. Jai Prakash Associates Ltd. For full text of judgmentclick here

Supreme Court Legal News A person who is ineligible under Section 29A of the IBC to submit a resolution plan for insolvency resolution of the corporate debtor cannot be permitted to propose a compromise or arrangement under Section 230 of the Companies Act. SC rules upholding the constitutional validity of Regulation 2B(1) of the Liquidation Process Regulations. Decided on 15th March, 2021 Arun Kumar Jagatramka v. Jindal Steel and Power Ltd. & Anr. For full text of judgment CLICK HERE