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Bombay High Court Allows Revision Against Rejection of Leave to Defend in Summary Suit. Bank Granted Conditional Leave to Defend on Deposit of Rs. 25 Lakhs for Triable Issues Regarding Liability as Mortgagee in Possession Under Order 37 CPC.

The case involves a Civil Revision Application filed by ICICI Bank Limited (the applicant/original defendant No.1) against the order dated 30th June 2...

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Bombay High Court Dismisses Petitions Seeking Declaration of Lapse of Land Acquisition Under Section 24(2) of the 2013 Act — Petitioners Guilty of Suppression of Facts. Land Acquisition Lapse Claim Rejected as Petitioners Had Received Compensation and Suppressed Earlier Proceedings.

The petitioners, a husband and wife, filed two writ petitions before the Bombay High Court seeking a declaration that the acquisition of their lands b...

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Bombay High Court Dismisses Suit for Lack of Jurisdiction in Bank Guarantee Dispute — Exclusive Jurisdiction Clause in Contract Confers Jurisdiction on Chennai Courts. Plaintiff L&T's Suit Challenging Invocation of Performance Bank Guarantee Dismissed as Bombay High Court Has No Territorial Jurisdiction.

The plaintiff, Larsen & Toubro Limited (L&T), filed a suit in the Bombay High Court seeking a declaration that the invocation of a Performance Bank Gu...

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Bombay High Court Allows Writ Petition Challenging Revision Order in Cooperative Loan Recovery — Guarantor's Liability Upheld Despite Non-Impleadment of Borrower. Section 101 Certificate Under Maharashtra Cooperative Societies Act, 1960 Cannot Be Set Aside in Revision Without Proper Notice to All Parties.

The petitioner, Sunil Sitaram Mahajan, filed a writ petition challenging an order dated 20.01.2015 passed by the Divisional Joint Registrar, Cooperati...

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act, Upholds Single Judge's Order Partially Setting Aside Arbitral Award. The Court affirmed reduction of interest rate from 18% to 12% per annum and setting aside of claim nos. (d) and (g) and interest on security deposit.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by Indian Oil Corporation Ltd. (IOCL) against a judg...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Railway Advertising Contract Dispute. Court Upholds Arbitrator's Findings on Breach of Contract and Rejection of Claims for Loss of Profit and Damages.

The appellant, V. Krishnamurthy, running a sole proprietorship in the name of M/s Meena Advertisers, was awarded a three-year contract for bulk advert...

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Bombay High Court Allows Debenture Trustee's Claim for Payment from Suit Amount Held by Court Receiver in Priority Over Assignee of Decree. The court held that an assignee of a decree steps into the shoes of the assignor and cannot claim priority over the original decree holder who is a debenture trustee.

The dispute arose from a suit filed by ICICI Bank Ltd. (plaintiff) as debenture trustee for holders of 15% non-convertible debentures issued by Pal Pe...