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Bombay High Court Dismisses Petition Challenging Arbitral Award in LPG Distributorship Termination Dispute. Clause 29 of Distributorship Agreement Allowed Termination Without Assigning Reasons, and Arbitrator's Findings Were Not Perverse or Contrary to Public Policy.

The petitioner, M/s. Prasad Gas Agency, was appointed as a distributor of LPG (Bharat Gas) by the respondent, Bharat Petroleum Corporation Limited, un...

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Bombay High Court Dismisses Appeal in Derivative Suit Challenging Sale of Shares by Company Management. Minority Shareholders' Challenge to Sale of Bajaj Hindustan Ltd Shares Fails as Court Finds No Prima Facie Case of Fraud or Mismanagement.

The appellants, minority shareholders of Bachharaj & Company Pvt Ltd, filed a derivative suit challenging the proposed sale of 3,46,96,250 shares of B...

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Bombay High Court Dismisses Appeal in Derivative Suit Challenging Sale of Shares by Company Management. Minority shareholders' challenge to sale of shares under family settlement fails as court finds no prima facie case for interim relief.

The appellants, Madhavlal Narayanlal Pittie and others, filed a derivative suit in 2008 against Bachharaj & Company Pvt Ltd and others, challenging th...

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NCLAT Dismisses Appeal Against Rejection of Application to Declare Assignment Agreement Null and Void for Insufficient Stamping — Appellant Had Already Sought Same Relief Before High Court, Rendering Appeal Infructuous.

The appellant, G. Yoganand, filed an application before the National Company Law Tribunal (NCLT), Hyderabad, in CP (IB) No. 359/95/HDB/2022, seeking a...

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High Court of Karnataka Allows Regular Second Appeal in Adoption Dispute — Reverses Appellate Court's Finding of Adoption. Court holds that plaintiff failed to prove valid adoption under Hindu Adoption and Maintenance Act, 1956, as essential ceremonies of giving and taking were not established.

The present regular second appeal was filed by the legal representatives of the defendant, assailing the judgment and decree of the appellate court wh...

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High Court of Karnataka Allows Revision Petition in Execution Proceedings for Specific Performance — Decree Holder Entitled to Enforce Compromise Award Despite Judgment Debtor's SC Status. Executing Court Cannot Go Behind Decree to Question Its Validity Under Karnataka SC/ST (PTCL) Act, 1978.

The petitioner, Shri Rahees Ahmed, was the decree holder in a suit for specific performance of an agreement of sale dated 10.01.2011 in respect of lan...