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Bombay High Court Allows Writ Petition Quashing MPID Act Attachment Against Corporate Debtor's Property. Section 32A IBC Overrides MPID Act as Property Acquired Prior to Offence and Corporate Debtor Not Accused.

The petitioner, Dwarka Iron Industries Pvt. Ltd., as the Successful Resolution Applicant of the corporate debtor M/s. Abhirama Steels Limited, filed a...

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Madras High Court Upholds Termination of Dealership for Breach of No-Other-Employment Clause. Appellant's failure to disclose employment with a private company while holding a petroleum dealership constituted a material breach of the Dealership Agreement and Marketing Discipline Guidelines.

The appellant, P. Kalyanasundaravalli, was the proprietrix of M/s K.T. Bakthavatchalam Naidu Agency, an Indian Oil Corporation dealer. She was selecte...

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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 Allows Writ Petition Challenging Tender Cancellation by Nagpur University. University's action of cancelling tender due to alleged improper response from sole eligible bidder found arbitrary and violative of Article 14.

The petitioner, Emergedata Services Pvt. Limited, challenged the cancellation of a tender floated by Rashtrasant Tukdoji Maharaj Nagpur University on ...

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Bombay High Court Upholds Reopening of Assessment Under Section 147(a) for Income Tax on Minimum Guarantee Receipts from Film Sale. Assessee's Failure to Disclose Full Consideration for Sale of Movie 'Charas' Justifies Reassessment Despite Partial Acceptance of Addition.

The case involves an income tax reference at the instance of the assessee, who sold a movie titled 'Charas' to M/s. Prakash Pictures on a minimum guar...