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High Court of Judicature at Bombay Hears Challenge to Industrial Tribunal Award on Permanency of Sanitation Workers — Petitioner Municipal Corporation Contests Award Recognizing Workers' Claim for Permanent Status

By way of a writ petition, the Commissioner, Municipal Corporation of Greater Mumbai (MCGM) challenged an Industrial Tribunal Award dated 22.03.2021 p...

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Bombay High Court Dismisses Petition of Employee Challenging Dismissal for Theft — Criminal Discharge Does Not Bar Domestic Enquiry. Past Service Record Consideration Without Notice Not a Violation of Natural Justice When Not Used as a Charge.

The petitioner, Prabhu Nagnath Surve, was employed as a watchman/security guard by I.B.P. Company Limited (Respondent No. 1) after retiring from the I...

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Bombay High Court Allows Insurer's Appeal in Part and Enhances Compensation for Claimants in Goods Carriage Accident — Deceased Traveling as Owner of Goods Not Gratuitous Passenger. Insurer Directed to Pay Enhanced Compensation with Pay-and-Recover Rights Under Motor Vehicles Act, 1988.

The appeals arise from a judgment and award dated 26.09.2012 passed by the Motor Accident Claim Tribunal, Ahmednagar in M.A.C.P. No.80/2010 under Sect...

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Bombay High Court Dismisses Review Petition in Arbitration Appointment Case — Party Cannot Take Inconsistent Stances. Original Respondent's written commitment to a court-appointed sole arbitrator binds it, and its subsequent objection to the appointment is inequitable conduct.

The Original Respondent (Global Zone Sanitory Infrastructure Pvt. Ltd.) filed a Review Petition against an order dated June 20, 2024, appointing a sol...

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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...