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Surety's Liability Limited To Sanctioned Loan Amount says Hon'ble Supreme Court!
The Hon’ble Supreme Court of India has clarified the extent of liability of a surety under Section 133 of the Indian Contract Act, 1872 in Bhagyalaxmi Co‑Operative Bank Ltd v. Babaldas Amtharam Patel (D) Through Legal Representatives &...
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Hon’ble High Court of Delhi restrains Come Sports apps for infringing Dream11 trademarks and copying mobile application interface
In Sporta Technologies Private Limited v. Come Sports & Ors, the Hon’ble High Court of Delhi granted an ex parte ad interim injunction restraining rogue entities from operating fantasy gaming applications under the marks “Come”, “Come Sports” and...
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upreme Court on Parallel Insolvency Proceedings: Key Takeaways from ICICI Bank v. ERA Infrastructure Case
ICICI Bank Limited vs. ERA Infrastructure (India) Limited and Connected Matters has clarified that there is no bar under the Insolvency and Bankruptcy Code, 2016 to initiate simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against a corporate debtor...
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Loss of Profits Recoverable Under Section 73: Saket Commercial Court Awards ₹1.08 Crore in Airline Booking Dispute
In ABS Tour & Travels v. SNV Aviation Pvt. Ltd., the Hon’ble Commercial Court at Saket, New Delhi decreed a commercial suit directing the defendant airline operating under the brand name Akasa Air to pay ₹1,08,80,000 towards loss...
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upreme Court on Parallel Insolvency Proceedings: Key Takeaways from ICICI Bank v. ERA Infrastructure Case
Sriganesh Chandrasekaran & Others v. M/s Unishire Homes LLP & Others. The hon’ble Supreme Court of India has clarified the scope of liability of landowners under a Joint Development Agreement in cases involving delay in construction. The Hon’ble...
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