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Bombay High Court Dismisses Promoter's Challenge to Pledge of Shares During Lock-In Period — Pledge Held Valid as Lock-In Restricts Transfer of Title, Not Interest. Court Rules That Pledge Under Section 172 of Contract Act Does Not Violate SEBI ICDR Regulations, 2009.

The plaintiff, Kannan Vishwanath, a promoter and managing director of Dr. Datson Labs Limited, filed a suit and notice of motion seeking a declaration...

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Bombay High Court Dismisses Management's Petition Challenging Reinstatement of Probationer Teacher. Rule 16(2) of MEPS Rules Mandates Notice Before Concluding Voluntary Abandonment of Employment.

The petitioner, Magasvargiya Shikshan Sanstha, a school management, challenged the judgment and order dated 24.9.2015 of the School Tribunal, Aurangab...

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Bombay High Court Dismisses Petition Challenging Scheme for Public Trust Management — Ex-Officio Trusteeship of Government Officers Held Valid. Court holds that inclusion of Civil Judge and Tahsildar as ex-officio trustees in a scheme under Bombay Public Trusts Act, 1950 is not illegal.

The petitioner, Nilkanth Vitthalrao Kodhe, filed a writ petition challenging the validity of a scheme framed for the management and administration of ...

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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Bombay High Court Allows Writ Petition Seeking MEIS Benefits Despite Inadvertent Error in Shipping Bills. Court Directs Acceptance of Amended Shipping Bills and Grant of MEIS Scrips, Holding That Systemic Limitations Cannot Deny Legitimate Claims Under Section 149 of Customs Act, 1962.

The petitioner, Larsen & Toubro Limited, filed a writ petition seeking directions to the respondents to accept amendments made in three shipping bills...