We are pleased to announce that Clove Legal represented Nine Dimensions Housing LLP and its stakeholders in connection with the sale of a land parcel in Bandra (on Western Express Highway) near BKC in Mumbai, to Fleur Hotels Limited, a subsidiary of Lemon Tree Hotels Limited, for a consideration of ₹120 Crore. The transaction was […]

Introduction The Hon’ble Supreme Court, in its recent decision in the case of V. Sumitra Reddy & Anr. v. K. Ranganadha Reddy & Ors. (Civil Appeal No. 8167 of 2017), while interpreting the provisions of Sections 46 and 48 of the Indian Partnership Act, 1932 (“Act”) read with Sections 7 and 43 thereof, has clarified […]

Introduction The Hon’ble Bombay High Court in its recent decision in the case of Jayshree Jagdish Thakker & Anr. v. Pragati Infra Interiors Pvt. Ltd. (Writ Petition No. 8129 of 2026), while interpreting the provision of Section 2(1)(c)(vii) of the Commercial Courts Act, 2015 (“Act”), has clarified and upheld that a dispute is considered as […]

The Hon’ble Supreme Court, vide its order and judgment dated 12 August 2026, in the case of Srinivasa Reddy Velagala v. Sravanthi Infratech Pvt. Ltd. (Civil Appeal No. 876 Of 2021), has reiterated that claims for damages arising from an alleged breach of contract cannot constitute “Operational Debt” under the Insolvency and Bankruptcy Code, 2016 […]

The Reserve Bank of India (“RBI”) through notification dated July 21, 2026, has proposed a new framework for regulating foreign investment in India through the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 (“Draft FI Rules”). The Draft FI Rules seek to replace the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”) and are […]

1.                  INTRODUCTION The Sexual Harassment Electronic Box (SHe-Box) Portal, operated by the Ministry of Women and Child Development (MWCD), has evolved from a basic online grievance mechanism into a centralised governance tool for implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (PoSH Act). Recent parliamentary disclosures by the […]

The Hon’ble Supreme Court, in its recent ruling dated August 7, 2026, in Raziya Begum & Ors. v. Nafisa Begum Abdul Hamid & Ors., (Civil Appeal No. 7225 of 2011), reaffirmed the position that a sale deed does not become void or inoperative merely because the full sale consideration is not paid. The dispute arose […]

The statutory framework of the Insolvency and Bankruptcy Code, 2016 (IBC) prioritizes time-bound corporate insolvency resolution over prolonged debt recovery litigation. Under Section 7 of IBC, once a Financial Creditor establishes the existence of a financial debt and a default exceeding the statutory threshold, the Adjudicating Authority is statutorily bound to initiate Corporate Insolvency Resolution […]

Clove Legal, while representing the Allottee, successfully secured an order from the Hon’ble Maharashtra Real Estate Appellate Tribunal (MahaREAT) directing the release of the entire amount deposited by the Appellant/ Promoter towards part compliance with Section 43(5) of the Real Estate (Regulation and Development) Act, 2016, together with the accrued interest, in favor of the […]

In a significant judgment in Civil Appeal No. 1526 of 2023 titled Alpha Corp Development Private Limited versus Greater Noida Industrial Development Authority & Ors., strengthening the objectives of the Insolvency and Bankruptcy Code, 2016 (“IBC”), the Hon’ble Supreme Court held that the corporate veil may be lifted during the Corporate Insolvency Resolution Process (“CIRP”) […]