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Bombay High Court Allows Section 11 Application, Holds LLP Can Be Party to Arbitration Under LLP Agreement Despite Not Being Signatory. LLP Agreement is Charter Document Binding the LLP, and Disputes Relating to LLP's Affairs Necessarily Involve LLP as Party.

The applicant, Kartik Radia, a former partner of BDO India LLP, was expelled from the LLP. He sought to initiate arbitration under the LLP Agreement d...

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Bombay High Court Dismisses Petitions Challenging Income Tax Search and Seizure Action Under Section 132 of the Income Tax Act, 1961. Court Holds That Formation of Reason to Believe by the Authorizing Officer Is Based on Material on Record and Not Open to Challenge Unless Malafide or No Material Exists.

The petitioners, a private limited company and its directors and their relatives, challenged the search and seizure action conducted on 9th and 10th J...

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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Bombay High Court Allows Appointment of Receiver in Execution Under Section 51(d) CPC Despite Property Being Outside Territorial Jurisdiction. Section 39(4) CPC Does Not Bar Appointment of Receiver as It Is an Independent Mode of Execution.

The case involves a Chamber Summons filed by the decree-holders, Vistra ITCL (India) Limited and IIRF Holdings III Limited, in an execution applicatio...

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High Court of Karnataka Dismisses Writ Petitions Challenging Deduction of Rs.90/MT by Karnataka Power Corporation Limited from Coal Bills — Contractual Dispute Not Amenable to Writ Jurisdiction Under Articles 226 and 227 of the Constitution of India.

The petitioners, M/s. EMTA Coal Limited and M/s. Karnataka EMTA Coal Mines Limited, filed writ petitions under Articles 226 and 227 of the Constitutio...

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High Court of Karnataka Dismisses Writ Petitions in Coal Supply Contract Dispute — Contractual Dispute Not Amenable to Writ Jurisdiction. Deduction of Rs.90/MT by Karnataka Power Corporation Limited from Coal Bills Challenged, but Court Holds Alternative Remedy of Arbitration Available.

The petitioners, M/s. EMTA Coal Limited and M/s. Karnataka EMTA Coal Mines Limited, filed writ petitions under Articles 226 and 227 of the Constitutio...