We wish to punctuate an important development in the ongoing bankruptcy proceedings concerning Hotel Horizon Private Limited (HHPL), a prominent real estate and hospitality asset located in Mumbai’s Juhu area. While the Mumbai Bench of the National Company Law Tribunal approved the resolution plan submitted by a consortium led by Oberoi Realty along with...
By MAAK Legal | Founded by Akash Agarwal The Bombay High Court has clarified the prospective operation of a government notification prohibiting the use of certain drugs in food-producing animal rearing systems, providing significant relief to pharmaceutical manufacturers and distributors. In Alivira Animal Health Ltd. v. Union of India, 2025 SCC OnLine Bom 3954, decided on 13...
By MAAK Legal | Founded by Akash Agarwal The Bombay High Court has reiterated that procedural technicalities cannot override substantive justice, holding that a revisional authority cannot refuse to consider an application for condonation of delay solely on the ground that the matter has been reserved for orders. In RNA Mirage Cooperative Housing Society Ltd....
In a significant order, the National Company Law Tribunal (NCLT) has barred Phoenix ARC’s claim in the high-profile Hotel Horizon insolvency case, ruling that the claim was time-barred. This development has paved the way for a ₹919 crore resolution plan led by Oberoi Realty in partnership with Shree Naman Developers and JMF ARC. Hotel Horizon,...
The Union Finance Minister of India has on March 24, 2020 notified in the official gazette that the threshold for triggering insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (“Code”) stands increased with immediate effect from Rs.1,00,000/- to Rs.1,00,00,000/-. The reason for the increase of threshold is to prevent triggering of insolvency proceedings against...
In the absence of a comprehensive legislation dealing with coronavirus, litigants are flocking to courts across the country seeking clarity and protection as a result of these unprecedented circumstances. Citizens and commercial establishments are presently struggling to understand the implications of the coronavirus-induced lockdown on a wide variety of issues, including commercial contracts, wages, court hearings, weddings,...
The COVID-19 pandemic has opened doors to numerous contractual controversies. With the announcement of the nationwide lockdown and suspension of domestic and international air travel, all domestic and international flights stood cancelled. Passengers with cancelled flight tickets were quick to seek refunds from the airlines. The airlines devised a way of compensating the passengers for...
