Search Results for "undertaking letter"

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Search Results for "undertaking letter"

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High Court

Bombay High Court Decides Appeal Against Interim Injunction in Specific Performance Suit Involving Share Buyback Under Letter of Undertaking. The appeal challenges the grant of interim injunction on grounds that the agreement is not a concluded contract and that its performance would breach MIMPS Regulations making it void under Section 23 of the Indian Contract Act, 1872.

11 Sep 2015

The appeal before the Division Bench of the Bombay High Court arises from an order dated 13 October 2014 passed by a single judge granting interim inj...

High Court

High Court of Judicature at Bombay, Ordinary Original Civil Jurisdiction, hears a company petition for winding up of Videocon Industries Limited under sections 433(e) and 434(1)(a) read with 439 of the Companies Act, 1956. The petition, filed by an Italian bank, alleges non-payment of Euros 38 million under a Patronage Letter, which the petitioner argues is a guarantee for a loan to a step-down subsidiary.

5 Dec 2013

The petition, Company Petition No. 528 of 2012, was filed by Intesa Sanpaolo S.P.A., an Italian bank, seeking the winding up of Videocon Industries Li...

High Court

Bombay High Court Dismisses Appeal Seeking Discharge from Undertaking in Consent Terms — Undertaking Given in Consent Terms Cannot Be Modified Unilaterally Without Proof of Fraud or Mistake.

26 Sep 2013

The appeal arises from a judgment and order of the learned Single Judge dated 27 June 2011, dismissing a Notice of Motion taken out by the Appellants ...

High Court

Bombay High Court Dismisses Appeal by Videocon Industries Against Winding Up Order for Non-Payment of Guarantee Debt to Italian Bank. Patronage Letter Held to Be a Guarantee Under Indian Contract Act, 1872, and Claim Not Time-Barred.

19 Jul 2014

The case involves an appeal by Videocon Industries Limited against an order of the Company Judge directing payment of Rs.259.73 crores to Intesa Sanpa...

High Court

High Court of Bombay Dismisses Injunction Application in Letter of Credit Dispute — Autonomy of Letters of Credit Upheld. The court held that a mere breach of contract does not constitute fraud and does not warrant interference with the bank's obligation to honour a letter of credit under the autonomy principle.

27 Oct 2005

The plaintiffs, Hetero International, a firm engaged in import and export of bulk drugs, placed an indent dated 5 November 2002 with defendant no.1, a...

High Court

Bombay High Court Dismisses Appeal in Lease Dispute Over Condition Precedent. Letter of Acceptance with Condition of Government Approval Does Not Form Concluded Contract Under Indian Contract Act.

25 Apr 2022

The case involves an appeal by Mystical Techplast Pvt. Ltd. against the Maharashtra State Road Development Corporation (MSRDC) concerning a lease of t...

High Court

Bombay High Court Dismisses Developer's Petition Challenging Slum Rehabilitation Authority's Cancellation of Letter of Intent for Non-Compliance. Failure to Obtain Commencement Certificate Within Validity Period Results in Forfeiture of Rights Under Maharashtra Slum Areas (I.C.&R.) Act, 1971.

30 Nov -0001

The petitioner, M/s. Morya Homes, a partnership firm registered under the Partnership Act, was issued a Letter of Intent (LOI) by the Slum Rehabilitat...

High Court

High Court Appoints Arbitrator in Contract Dispute Despite Respondent's Plea of Full and Final Settlement. Alleged Undertaking Under Economic Duress and Coercion Found to Be Not Conclusive of Settlement, Arbitration Agreement Exists Under Clause 96 of Contract.

12 Oct 2017

The applicant, a sole proprietor carrying on business as a turnkey contractor, was awarded a contract by the respondent Slum Rehabilitation Authority ...

Supreme Court

Supreme Court Dismisses Appeal in Letter of Credit Dispute; Upholds Autonomy of Irrevocable Credits — No Fraud or Modification Established to Justify Interference. Irrevocable Letter of Credit Held Independent of Underlying Sale Contract and Not Subject to Injunction Absent Exceptional Circumstances Under Uniform Customs and Practice for Documentary Credits.

26 Nov 1968

The dispute arose from a contract between an Indian firm (appellant) and a Russian firm (respondent) for the supply of construction machinery for the ...

High Court

Bombay High Court Pronounced Judgment in Writ Petition Lodging No. 3069 of 2018 Regarding Withdrawal of Electric Bus Contract. Dispute Involved Whether BEST Could Withdraw Contract Work Order Based on Note that Acceptance Was Subject to DHI Incentive Approval.

16 Oct 2018

The present writ petition under Article 226 of the Constitution of India was filed by Olectra Greentec Limited (formerly Goldstone Infratech Limited) ...

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