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Bombay High Court Allows Appeal by Depository Against Arbitral Award for Lost Shares Due to Third-Party Fraud. Court Holds That Depository Not Liable Absent Negligence or Breach of Contract Under Section 12(1-A) of SEBI Act, 1992.

The case involves an appeal by Central Depository Services (India) Ltd. (CDSL) against a judgment of a learned Single Judge dated 01/12/2025, which up...

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High Court of Bombay at Goa Dismisses Petition Challenging Auction of Mineral Block Due to Technical Glitch. Alleged Portal Failure Not Sufficient to Invalidate Auction Where Petitioner Failed to Demonstrate Prejudice and Did Not Follow Up After Initial Technical Issue.

The petitioner, Agravanshi Private Limited, challenged the auction process for Cavorem-Maina Mineral Block No. XVIII conducted by MSTC Limited on beha...

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High Court of Karnataka Quashes Tender Corrigendum in Public Works Contract — Arbitrary Modification of Eligibility Criteria Violates Article 14. Corrigendum altering experience requirement from 'similar work' to 'any work' held arbitrary and set aside.

The petitioner, Sri K.B. Kumar, a Grade I contractor, challenged a corrigendum dated 25.09.2024 issued by the Executive Engineer, Minor Irrigation and...

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High Court of Karnataka Allows Student's Petition in Scholarship Dispute — Directs College to Return Original Certificates. College's Unilateral Appropriation of Scholarship Amount and Withholding of Certificates Held Unjustified Under Article 226 of the Constitution of India.

The petitioner, Adity Deepak Kumar, filed a writ petition under Article 226 of the Constitution of India before the High Court of Karnataka at Bengalu...

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High Court of Karnataka Dismisses Writ Petition Challenging Tender Award in Smart City Project — No Material Irregularity Found in Evaluation Process. The court held that the deviations in the commercial bid were not material and the tender committee's decision was reasonable.

The petitioner, NEC Technologies India Pvt. Ltd., challenged the decision of Shivamogga Smart City Limited (respondent No.1) to award a tender to Bhar...

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High Court Directs Magistrate to Expeditiously Dispose Section 14 SARFAESI Application for Possession of Secured Asset. Financial Institution's Right to Take Possession of Mortgaged Property Upheld; Magistrate Directed to Pass Orders Within Two Weeks.

The petitioner, L & T Housing Finance Ltd., a financial institution registered under the National Housing Bank Act, 1987, and as a Securitization and ...