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Bombay High Court Grants Lumpsum Compensation to Part-time Sweeper with 41 Years of Service in Lieu of Regularization and Retiral Benefits. Court held that in absence of absorption policy and due to abolition of posts, lumpsum compensation of Rs.7,50,000 is appropriate in lieu of all service benefits.

The petitioner, Parasram Ranganath Gaikwad, worked as a Part-time Sweeper in the Veterinary Hospital of Zilla Parishad, Ahmednagar, from 7 June 1983 u...

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High Court of Karnataka Allows Appeal in Cheque Dishonour Case — Presumption Under Section 139 N.I. Act Not Rebutted by Accused. Borrowing of Rs.20,000/- and Issuance of Cheque Established; Acquittal Set Aside.

The appeal arises out of the judgment of acquittal passed by the learned Senior Civil Judge and JMFC, Sagar dated 26.08.2011 in C.C.No.124/2010 wherei...

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Bombay High Court Dismisses Employee's Writ Petition Challenging Termination for Unauthorized Absence and Misconduct. School Tribunal's order upheld as inquiry was fair and punishment proportionate under MEPS Act.

The petitioner, Abdul Shakil Shakil Ahamad, was employed as a Peon in 1989 and later promoted to Junior Clerk. He alleged that he was paid a meager co...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Stockbroker Dispute, Upholds Limitation and Maintainability. The Court held that the claim was within limitation due to acknowledgement of debt and that the arbitration application was maintainable despite directors' disqualification.

The Appellant, Kaynet Finance Limited, a member-broker at the National Stock Exchange of India, was appointed by the Respondent, Verona Capital Limite...

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Bombay High Court Dismisses Section 9 Arbitration Petition and Winding Up Petition Against Corporate Debtor — No Prima Facie Case for Interim Relief or Insolvency as CDR Scheme Was Under Consideration and Debt Was Not Clearly Due.

The petitioner, Tata Capital Financial Services Ltd., a non-banking financial company, granted a term loan of Rs. 50 crores to the first respondent, U...

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Bombay High Court Dismisses Petitions Challenging Arbitral Awards in Stock Broking Disputes — Upholds Awards for Payment of Outstanding Dues with Interest. Claims of Bogus Trading and Unauthorized Transactions Remain Unproved Due to Lack of Evidence and Failure to Pursue Counterclaims.

The judgment concerns two arbitration petitions filed by Ms. Deepika Vijay Nihalani and Vijay Roopkumar Nihalani against INA Stock Broking Co. Pvt. Lt...