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Bombay High Court Allows Winding Up of Swadeshi Mills Co. Ltd. in Creditors' Petitions and BIFR Recommendation. Company declared unable to pay debts and commercially insolvent; winding up ordered under Sections 433(e) and 434 of the Companies Act, 1956.

The judgment concerns multiple company petitions filed by creditors and the Board for Industrial and Financial Reconstruction (BIFR) seeking the windi...

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Supreme Court Allows Appeal in Karnataka Land Reforms Case — Testamentary Succession of Tenancy Rights Upheld. Civil Court Findings on Tenancy and Succession Are Binding on Land Tribunal Under Section 48-A of the Karnataka Land Reforms Act, 1961.

The case involves a long-standing dispute over agricultural land in Bilagi Village, Karnataka, spanning over half a century. The appellant, Kanna Timm...

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Bombay High Court Dismisses Petitions Challenging SEBI's Ex-Parte Interim Order in Securities Market Manipulation Case. Court upholds SEBI's power to issue ex-parte interim directions under Section 11B of SEBI Act, 1992 to protect market integrity.

The Bombay High Court dismissed two writ petitions filed by Hemant Kulshrestha and Vinay Bansal challenging an ex-parte interim order passed by the Se...

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Bombay High Court Admits Petition Challenging Rejection of Tender Bids for NAINA Infrastructure Project; Interim Stay Ordered. CIDCO Tender Committee Rejected Petitioner's Joint Venture Bids Citing Integrity Pact, GST Registration, and Other Non-Compliances.

This writ petition was filed by Thakur Infraprojects Pvt. Ltd. (the lead member of a joint venture with EVRASCON) challenging the rejection of its tec...

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Bombay High Court Quashes Tender Condition in Octroi Collection Contract for Being Arbitrary and Unreasonable. Condition requiring prior experience of octroi collection in a municipal corporation with population of 10 lakhs or more held to be irrational and intended to favour predetermined bidders.

The Bombay High Court disposed of two writ petitions challenging the terms and conditions of a tender notice issued by the Nashik Municipal Corporatio...

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High Court of Karnataka Dismisses Appeal Challenging DICGC Act Provisions in Cooperative Bank Deposit Insurance Dispute. Sections 18A(5) and 21(3)(4) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, held constitutional and not arbitrary.

The appellant, Sri G.K. Gururaja Rao, Secretary of Sri Guru Raghavendra Sahakara Bank Niyamitha, filed a writ petition under Article 226 of the Consti...