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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 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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Bombay High Court Dismisses Writ Petition Challenging Tender Rejection in Geotechnical Subcontractor Appointment. Court upholds Shipping Corporation of India's decision to reject bid for non-compliance with eligibility criteria requiring independent experience in offshore geotechnical investigations.

The petitioners, Coastal Marine Construction & Engineering Limited and its director Manoj Sharma, filed a writ petition challenging the decision of th...

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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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High Court of Bombay Dismisses Writ Petition Challenging Tender Cancellation in BEST Bus Procurement Case. Court upholds cancellation of tender for 25 double-decker buses due to lack of transparency and failure to comply with tender conditions, directing fresh tender process.

The petitioner, B. D. Bansal and Co., a proprietorship firm, filed a Writ Petition under Article 226 of the Constitution of India before the High Cour...

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Bombay High Court Dismisses Petition Challenging Forfeiture of Bank Guarantees in Tender Dispute. Earnest Money Deposit Forfeited as Bidder's Unilateral Discount Offer After Bid Opening Violated Tender Terms.

The petitioner, Knowledge Infrastructure Systems Pvt. Ltd., a company engaged in coal trading, along with its shareholder, filed a writ petition under...