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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Bombay High Court Dismisses Appeal in Share Dispute Case — Upholds Trial Court's Refusal of Interim Injunction. Court held that the appellants failed to establish a prima facie case for restraining the pledge of shares, as the shares were not proved to be held in a fiduciary capacity.

The case involves a dispute between two branches of the Arya family over shares of Arya Iron & Steel Co. Pvt. Ltd. The appellants, Ravi Arya and other...

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High Court of Karnataka Disposes Writ Petitions Challenging Reservation and Voter List for Mayor Elections. Court Relies on Principle that Election Process Should Not Be Stalled by Judicial Intervention Absent Grave Illegality.

These writ petitions were filed before the High Court of Karnataka Kalaburagi Bench under Article 226 of the Constitution of India. The petitioners we...

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High Court of Karnataka Kalaburagi Bench Refuses to Interfere in Municipal Election Process Amid Challenge to Reservation and Voter List. Pre-Election Judicial Intervention Not Permissible Under Article 243-ZG; Petitioners Allowed to Question Election Outcome After Declaration of Results.

The High Court of Karnataka, Kalaburagi Bench, considered three writ petitions challenging notifications regarding reservation of posts for Mayor and ...