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High Court of Bombay Dismisses Winding Up Petition for Lack of Service of Statutory Notice Under Section 434 of Companies Act, 1956. Petitioner Failed to Prove Respondent's Inability to Pay Debts as Statutory Notice Not Served at Registered Office.

The petitioner, Store One Retail India Ltd., filed a company petition under the Companies Act, 1956 seeking winding up of the respondent, Waterfall In...

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Supreme Court Allows Appeal in Family Settlement Dispute — Upholds Validity of Pre-Emptive Right Clause. Clause requiring written concurrence of all co-sharers before sale to third party is valid and binding; High Court erred in holding it vague and void.

The dispute arose from a family settlement dated 31.03.1982 among three brothers, including the appellant Tilak Raj Bakshi (plaintiff), the first defe...

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Supreme Court Allows Appeal in Insurance Claim Dispute — Fire Policy Coverage for Damaged Machinery Upheld. Surveyor's Report Not Binding on Insured; Insurer Cannot Repudiate Claim Based on Surveyor's Assessment Without Independent Grounds.

The appellant, M/s Super Label Mfg. Co., a registered partnership firm engaged in printing high technology labels, imported sophisticated printing mac...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Loan Dispute — Upholds Award of Rs.51 Crores with Interest. Facility Agreement and Guarantee Enforced; No Grounds for Interference Under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioners, Reid & Taylor (I) Limited, S.Kumars Nationwide Ltd., and Nitin S. Kasliwal, filed a petition under Section 34 of the Arbitration and ...