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Bombay High Court Allows Summary Judgment in Favor of Negotiating Bank in Letter of Credit Dispute. Issuing Bank's Acceptance of Documents Under Irrevocable LC Is Final and Cannot Be Revoked Based on Allegations of Forgery Without Evidence.

The plaintiff, Malayan Banking Berhad, a Malaysian bank, filed a summary suit against Indusind Bank Limited, an Indian bank, claiming Rs. 3,47,87,865....

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Bombay High Court Allows Arbitration Petitions in Loan Dispute — Appoints Sole Arbitrator for IIFL Finance Disputes. Court finds that disputes arising from loan agreements containing arbitration clauses are arbitrable and appoints a retired judge as sole arbitrator.

The judgment concerns three arbitration petitions filed by DS Textiles, Madhuram Fabrics Pvt Ltd, and P R Packing Service against IIFL Finance Limited...

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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Supreme Court Upholds Conviction for Kidnapping for Ransom in Panchkula Case — Life Imprisonment Maintained. Circumstantial evidence including call detail records and IMEI numbers sufficient to prove guilt under Sections 364A, 392, 120B IPC.

The appellants were convicted by the trial court for kidnapping a boy, Sachin Garg, for ransom, robbery, and criminal conspiracy under the Indian Pena...

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Bombay High Court Dismisses Writ Petition Challenging Termination of E-Ticketing Contract, Directs Parties to Arbitration. Contractual disputes involving disputed questions of fact are not amenable to writ jurisdiction under Article 226 of the Constitution of India when an arbitration clause exists.

The Petitioner, a Private Limited Company, challenged the termination notice dated 13.06.2024 issued by the Respondent No.2 – Aurangabad Smart City ...