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Bombay High Court Dismisses Petition for Extension of Time Under Voluntary Disclosure Scheme 1997 — Tax Paid Beyond Stipulated Period Invalidates Declaration. Section 67 of the Finance Act, 1997 Mandates Full Payment Within Three Months; No Power to Extend Time.

The petitioner, Sitaram Jayramdas Shethi Miraj, filed a declaration under the Voluntary Disclosure Scheme 1997 on 25th December 1997, disclosing an in...

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High Court of Karnataka Allows Petition Under Section 482 CrPC Challenging Rejection of Application Under Section 305(6) CrPC for Appointment as Company Representative. The court held that the trial court's order doubting the genuineness of resignation was unsustainable and directed fresh consideration.

The petitioner, Krishnaswamy Sridhar, was accused No.4 in Special C.C. No.245/2002 pending before the XLVI Additional City Civil and Sessions Judge an...

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Bombay High Court Dismisses Appeal by YES Bank in Shareholder Dispute Over Board Control and Share Transfer. Court upholds interim order restraining transfer of shares and appointment of directors pending final disposal of suit.

The present appeal arises from an interim order passed by a learned Single Judge of the Bombay High Court in a suit filed by the respondents (original...

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High Court of Karnataka Allows Petition for Appointment of Arbitrator in Contract Dispute Between Construction Firm and HAL Under Section 11(6) of Arbitration and Conciliation Act, 1996. Both parties consented to appointment of arbitrator from panel of Arbitration Centre - Karnataka.

The petitioner, M/s V.K.A. Constructions Engineers & Contractors, filed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, ...

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High Court of Karnataka Adjudicates Writ Petition Challenging Rejection of Applications for Deletion of Defendants. The Court Examines Whether Directors and Former Employees Are Necessary Parties in a Suit for Breach of Contract Under Order 1 Rule 10 of Code of Civil Procedure, 1908.

The matter concerns a writ petition filed before the High Court of Karnataka under Articles 226 and 227 of the Constitution of India challenging an or...

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Bombay High Court Quashes Complaint Against Directors in Cheque Dishonour Case Due to Lack of Specific Allegations of Role in Company Affairs. Directors Not Vicariously Liable Under Section 138 of Negotiable Instruments Act, 1881 Without Averment of Their Responsibility at Time of Cheque Issuance.

The applicants, Mukund Ajay Kumar Choudhary, Kapil Ajay Kumar Choudhary, and Ajay Kumar Choudhary, were directors of CLC Industries Ltd., the accused ...

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Bombay High Court Dismisses Applications to Recall Consent Terms and Set Aside Consent Decrees in Property Disputes Between Family Members. Court Holds That Consent Terms Recorded by Counsel Are Binding on Parties and Cannot Be Challenged on Grounds of Fraud Without Proper Pleadings and Evidence.

The judgment pertains to two Notice of Motions filed by the defendants in two separate suits seeking recall and setting aside of consent terms and con...

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Supreme Court Considers Scope of Section 45 of Arbitration and Conciliation Act in International Commercial Disputes. Multiple Issues Framed on Reference to Arbitration in Multi-Party Joint Venture Agreements.

The dispute arose from a series of joint venture and ancillary agreements executed between Indian company Chloro Controls (I) P. Ltd. and foreign coll...