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Court Considers Maintainability of Commercial Appeal in Summary Suit Under Commercial Courts Act — Order on Summons for Judgment Challenged as 'Judgment' Under Section 13(1A). Transitional Provisions and Assignment Orders Examined for Pending Suits Transferred to Commercial Division.

The Commercial Appeal arose from an order passed by a learned Single Judge of the Commercial Division of the Bombay High Court in Summons for Judgment...

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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...

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Bombay High Court Disposes Pending Applications and Show Cause Notices in Scheme of Compromise Under Section 391 of Companies Act, 1956. Criminal Proceedings Under Maharashtra Protection of Interest of Depositors Act, 1999 Allowed to Continue Notwithstanding Sanction of Scheme.

The matter arose from a scheme of compromise and arrangement proposed by Europlast India Ltd. under Section 391 of the Companies Act, 1956. The unsecu...

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Bombay High Court Dismisses Second Appeals in Property Dispute Involving Shivaji Education Society. Court upholds concurrent findings of fact that the suit properties were not trust properties and that the plaintiffs failed to prove their title.

The case involves four second appeals filed by the appellants, who are office bearers of Shivaji Education Society, against the respondents. The dispu...

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High Court of Karnataka Quashes Land Tribunal Order for Violation of Natural Justice in Occupancy Rights Claim. Failure to Consider Amendment Application and Provide Opportunity to Lead Evidence Renders Order Illegal.

The petitioners, legal heirs of late Narayan Nagappa Naik, filed a writ petition under Articles 226 and 227 of the Constitution of India seeking a wri...