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Gujarat High Court Partly Allows State's Appeal in Contract Dispute, Reduces Interest Rate from 15% to 9% per annum. Court holds that pendente lite and future interest in commercial contracts should be at the contractual rate or 9% per annum under Section 34 CPC, not 15% as awarded by trial court.

The State of Gujarat, as original defendant, appealed against the judgment and decree dated 30.04.2003 passed by the 6th Joint Civil Judge, Vadodara i...

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Bombay High Court Disposes Pending Applications and Show Cause Notices in Scheme of Compromise Under Section 391 of Companies Act, 1956. Criminal Proceedings Under Maharashtra Protection of Interest of Depositors Act, 1999 Allowed to Continue Notwithstanding Sanction of Scheme.

The matter arose from a scheme of compromise and arrangement proposed by Europlast India Ltd. under Section 391 of the Companies Act, 1956. The unsecu...

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High Court of Judicature at Bombay Reviews Industrial Tribunal's Decision to Reject Approval Application Under Section 33(2)(b) of Industrial Disputes Act, 1947. The Tribunal Found Charges Against Employee Not Proved, Resulting in Reinstatement with 50% Back Wages.

The dispute arose between Tata Memorial Hospital, a trust-run institution, and Shashikant Shrikrishna Sompurkar, who was employed as an Upper Division...