Power Of Attorney Having Authorization Of Financial Creditor Can File Application U/S 7 IBC
The case was of Rajendra Narottamdas Sheth v. Chandra Prakash Jain. The decision was given by Justices L. Nageswara Rao, BR Gavai and BV Nagarathna. The Court upheld the view of the NCLAT and stated that the authorisation was granted by way of a power of attorney pursuant to a resolution passed by the Bank's board of directors. Power of attorney holder of a financial creditor, who has been given authorisation, can file an application under Section 7 of Insolvency and Bankruptcy Code.
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Insurance Claim Can Be Rejected If Vehicle Was Used Without Valid Registration
The case was of United India Insurance Co. Ltd v. Sushil Kumar Godara. The decision was given by Justices UdayUmeshLalit, S. Ravindra Bhat and Bela M. Trivedi. The Court held that an insurance claim can be rejected if a vehicle is used/driven without a valid registration, since that would constitute a fundamental breach of the terms and conditions of the contract of insurance. The appeal was allowed and the NCDRC order was set aside.
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Right To Apply For Bail Is An Individual Right Implicit In Articles 14, 19 & 21
The case was of High Court of Judicature for Rajasthan v. the State of Rajasthan and Another. The decision was given by Justices L Nageswara Rao and Aniruddha Bose. The Supreme Court has observed that the right to apply for bail is an individual right implicit in Articles 14, 19 and 21 of the Constitution. Such blanket bans would suspend Fundamental Rights of individuals and block access for seekers of liberty to apply for bail.
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Labor Courts Cannot Overturn Management’s Decision On Mere Hypothesis
The case was of Standard Chartered Bank v. RC Srivastava. The decision was given by Justice Ajay Rastogi and Justice Abhay S Oka. The Supreme Court observed that the Labour Court cannot overturn the decision of the management on "ipse dixit" and its decision should not be based on mere hypothesis. Following this, the Supreme Court set aside the Labour Court's decision which overturned the management's decision to terminate the services of an employee.
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