The Supreme Court has dismissed the appeal of a successful bidder in an IBC liquidation auction that did not pay the balance price within 90 days, upholding the NCLAT’s order affirming forfeiture of its earnest money and the other sums it paid, on the strength of the forfeiture clause in the e-auction notice.
The alleged liquor scam, involving illegal profits worth Rs. 2,000 crore, is said to have operated from 2019 to 2023. The ED claims Tuteja was integral to a syndicate that illicitly profited through bribes from distillers and the unaccounted sale of liquor by state-run vends. NEW DELHI: Today, 8th April: the Supreme Court of India […]
The Supreme Court plans to establish guidelines for Advocates-on-Record (AORs) due to concerns over conduct and false statements in a criminal case involving a 30-year sentence. AORs are crucial for litigants, and the Court seeks input from the Supreme Court AOR Association to ensure proper guidelines are formulated.
The Supreme Court upheld the Madhya Pradesh High Court’s decision for CBI to reinvestigate 169 nursing colleges accused of fraudulent operations. The Court dismissed appeals against this order, allowing parties to raise issues before the High Court. The colleges were cleared previously, but allegations of bribery led to the re-investigation with additional oversight measures.