Tagged “commercial-litigation”

Sainik Industries v. Indian Sugar (2026): accepting payment under an IBC resolution plan is a 'settlement' that earns a court-fee refund

The Delhi High Court held that a plaintiff who accepts the amount conferred on it under an NCLT-approved resolution plan and then withdraws its connected recovery suit has 'settled' its claim within Section 16 of the Court Fees Act, 1870 — and is entitled to a full refund of court fee. A digest of the facts, the holding, and how the Court extended the M.C. Subramaniam line to the insolvency context.