Power to Replace IRP and appoint a new Resolution Professional, without recording reasons, solely vested with Committee of Creditors (Coc): NCLT

In a case of Power Finance Corporation Limited Vs Mahender Khandelwal, NCLT of Hyderabad has held that the Power to replace an Interim Resolution Professional (IRP) and appoint a new individual as Resolution Professional solely and absolutely vested with the Committee of Creditors (COC). NCLT further held that the pre-requisites for replacing the Interim Resolution […]

Supreme Court imposes Exemplary cost of Rs. 5 Lakh on Petitioner seeking ban on sale of soft drinks; says invocation of Article 32 was an abuse of process

The Supreme Court had come down heavily on a social worker who had moved to supreme court seeking a PIL seeking  ban on soft drinks like Coca cola, Thumbs Up etc. (UmedSinh P. Chavda Vs Union Of India & Ors.) A Bench of three judges gave this decision namely Justices DY Chandrachud, Hemant Gupta and […]