Justice Anupinder Singh Grewal Appointed President of the National Company Law Tribunal (NCLT)
By order dated 29.04.2026, the Appointments Committee of the Cabinet has approved the appointment of Justice (Retd.) Anupinder Singh Grewal, former Judge of the High Court of Punjab and Haryana, as President of the National Company Law Tribunal for a term of five years from the date of assumption of charge, or until he attains the age of 67 years, whichever is earlier.
Insolvency and Bankruptcy Code (Amendment) Act, 2026: Key Highlights Including Creditor-Initiated Resolution Process, Group Insolvency, Cross-Border Framework, and Strict Timelines
The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Act No. 6 of 2026), notified on 06.04.2026, introduces a creditor-initiated resolution process for smaller corporate debtors, a group insolvency framework, cross-border insolvency rulemaking power, mandatory 14-day admission timelines, CoC supervision of liquidation, and civil penalties replacing criminal offences, among other significant changes.
Suit for Permanent Injunction Simpliciter Not Maintainable Where Title and Possession are in Dispute
The Punjab and Haryana High Court allowed a second appeal and dismissed a suit for permanent injunction simpliciter, holding it barred under Section 41(h) of the Specific Relief Act where both title and possession were in dispute.
NCLT Chandigarh Approves Utilisation of Securities Premium to Set Off Accumulated Losses of Rs. 99.59 Crores
The NCLT Chandigarh Bench confirmed the reduction of share capital of a foreign-owned private company under Section 66 of the Companies Act, 2013, permitting it to utilise Rs. 99.59 crores from its securities premium account to set off accumulated losses.
Interim Moratorium Under Section 96 IBC Cannot Unsettle a Confirmed SARFAESI Auction: NCLT Chandigarh
The NCLT Chandigarh Bench held that where an e-auction has been conducted and sale confirmed before the filing of an application under Section 94 of the IBC, the interim moratorium under Section 96 cannot reverse or stall the concluded sale.
Frivolous Contempt Petition Against Judicial Officer Dismissed with Rs. 1,00,000/- Costs: Punjab and Haryana High Court
The Punjab and Haryana High Court dismissed a contempt petition filed against a Judicial Officer and imposed costs of Rs. 1,00,000/- on the petitioner, holding the petition to be a gross abuse of the process of law.
Consensual Relationship Between Adults Cannot Be Converted Into Rape on False Promise of Marriage Where Prosecutrix Was a Married Woman
The Punjab and Haryana High Court quashed charges under Sections 376(2)(n), 180 and 506 IPC, holding that a married woman aware of her subsisting marriage cannot claim she was induced into a sexual relationship by a promise of marriage. The Supreme Court subsequently issued notice and stayed the trial on the surviving IT Act charge.
Counter-Offer Constitutes Rejection of Pre-Emption Offer and Doctrine of Ratification Cures Procedural Irregularities in Board Resolutions: NCLT Chandigarh
The NCLT Chandigarh dismissed an oppression and mismanagement petition, holding that a counter-offer to a pre-emption offer constitutes its rejection and no concluded contract arises. The Tribunal further applied the Doctrine of Ratification to cure procedural irregularities in board resolutions concerning a debt-restructuring loan, and held that a shareholder who benefited from the transaction is estopped from challenging it.