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Bombay High Court Dismisses Appeals Challenging MPID Act Application in NSEL Scam Case — Held That MPID Act Applies to NSEL as a Financial Establishment and That Default in Repayment of Deposits Attracts Offences Under the Act.

The judgment arises from multiple criminal appeals and interim applications filed by various parties, including directors, brokers, and financial inst...

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High Court Allows Impleadment of Liquidator in Pending Salary Recovery Suit -- Interprets IBC Provisions on Continuation of Proceedings Post-Liquidation -- Sets Aside Trial Court Order Dismissing Chamber Summons

The Petitioner, a former employee of Respondent No.1 company, had filed a Summary Suit in 2017 for recovery of salary dues -- After the company went i...

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Bombay High Court Hears Writ Petition Challenging Grant of Alewadi Port Project to Third Party Under Maharashtra Maritime Board Policies. Petitioner Alleges Arbitrary Treatment and Non-Consideration of Original Proposal Contrary to Port Policies.

The dispute concerns the development of a multipurpose port at Alewadi in Maharashtra under the state's port policies. Petitioner, a UK-based private ...

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Bombay High Court Adjudicates Writ Petition Challenging MMRDA’s Demand for Additional Premium under Lease Deed — Interpretation of Time Extension Clauses and Effect of Interim Court Orders on Construction Deadlines

The Petitioner No.1, a company incorporated under the Companies Act, 1956, successfully bid for a plot in Bandra-Kurla Complex leased by the Mumbai Me...

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Bombay High Court Allows Petitions of Contractual Employees Against Municipal Corporation for Regularization and Equal Pay. Court Holds That Long-Term Contractual Workers Are Entitled to Consideration for Regularization Under Articles 14 and 16 of the Constitution.

The judgment involves multiple writ petitions filed by contractual employees of Pimpri Chinchwad Municipal Corporation seeking regularization of their...

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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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High Court of Karnataka Considers Cross-Appeals in Suit for Specific Performance and Injunction — Interim Relief Sought Under CPC and Commercial Courts Act. The suit concerned enforcement of a Negative Lien Letter and personal guarantees, with the plaintiff bank seeking to restrain alienation of assets.

The case involves cross-appeals arising from a commercial suit filed by Bank of Baroda against Dr. Bavaguthu Raghuram Shetty and Dr. Chandrakumari Rag...

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Bombay High Court Dismisses Petition of Part-Time Lecturers Seeking Conversion to Full-Time Posts — No Right to Conversion Without Government Sanction. State's Rejection of University's Proposal Upheld as Policy Decision Not Subject to Judicial Review.

The petitioners, three part-time lecturers appointed by SNDT Women's University, challenged the State Government's decision dated 27/11/2015 rejecting...