Search Results for "bank guarantees"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Dismisses Appeal in Compulsory Retirement Case Based on Declining ...
Supreme Court Disposes Appeal by Consent Appointing Arbitrator in MSME Dispute, ...

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Supreme Court

Supreme Court Upholds High Court Decision Quashing Labour Cess Demand Under Building and Other Construction Workers' Welfare Cess Act, 1996. The Court held that the cess demand was invalid as the contract work did not constitute 'building or other construction work' under Section 2(1)(d) of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, and the levy under Sections 3(1) and (2) of the Cess Act was not applicable.

12 May 2021

The Supreme Court of India, in a civil appellate jurisdiction, addressed a special leave petition under Article 136 of the Constitution of India. The ...

Supreme Court

Supreme Court Directs Compliance of Settlement in Contempt Proceedings for Non-Renewal of Licenses - Home Buyers' Interests Paramount. The Court held that the Mittal Group must pay renewal license fee and avail OTS scheme, while the Seth Group must pay its share of EDC and furnish documents, failing which contempt action including attachment and imprisonment would follow.

9 Oct 2020

The dispute in this contempt petition arises from a Memorandum of Settlement (MOS) dated 04.05.2015 between the Seth Group and the Mittal Group, which...

High Court

High Court of Karnataka Quashes Condition Imposed by IDBI Bank in Debt Restructuring — Unilateral Imposition of Prepayment Premium Without Contractual Basis Held Arbitrary. Writ of Certiorari Granted Against Condition Requiring Payment of Prepayment Premium on Premature Repayment of Loan Under Master Restructuring Agreement.

27 Jun 2019

The petitioners, United Spirits Limited and USL Benefit Trust, filed writ petitions under Articles 226 and 227 of the Constitution of India challengin...

Supreme Court

Supreme Court Remands Oppression Petition in Share Allotment Dispute Under Sections 397/398 of Companies Act, 1956 — Preference Shareholder's Voting Rights and Validity of Allotments Require Reconsideration. The Court held that the allotments were made in compliance with Section 81(1A) but the High Court failed to properly assess the allegations of oppression, necessitating a fresh hearing by the Company Law Board.

10 May 2019

The appeal arose from a judgment of the Delhi High Court which set aside an order of the Company Law Board (CLB) in a petition under Sections 397 and ...

High Court

Bombay High Court Disposes of News Broadcaster's Petition Challenging RBI Refusal to Accept Compounding Applications Under Foreign Exchange Management Act. The Court Examines the Compounding Process and the Validity of the 2017 Amendment to Rule 8(2) Barring Compounding When Section 37A Proceedings Are Contemplated.

26 Jun 2018

The petitioner, a public limited news broadcasting company, filed a writ petition under Article 226 of the Constitution of India challenging the actio...

High Court

High Court of Bombay Restores Injunction Against Invocation of Letter of Credit in Software Purchase Dispute. Fraud and Non-Compliance with Letter of Credit Terms Established as Grounds for Restraining Payment.

5 Jun 2017

The appellant, M/s Plazma Technologies Pvt. Ltd., filed a suit for perpetual injunction against the respondents, including JSM Technologies and others...

High Court

Bombay High Court Allows Appellant to Invoke Bank Guarantee in Arbitration Dispute Over Supply Contract. Court Permits Receipt of Amount Subject to Undertaking to Repay with Interest at 12% per Annum if Arbitral Tribunal Orders.

18 Jun 2012

The appellant, Rashtriya Chemicals & Fertilizers Ltd., a Government of India Undertaking, placed a purchase order on 8 November 2011 with the responde...

High Court

Bombay High Court Dismisses Section 9 Petition for Interim Relief in Arbitration Dispute Over Roaming Agreement — No Prima Facie Case for Security or Attachment Established. Court held that mere breach of contract does not entitle a party to interim measures under Section 9 of the Arbitration and Conciliation Act, 1996, unless there is a serious dispute and balance of convenience in favor of the applicant.

28 Mar 2012

The petitioner, Vodafone Spacetel Ltd., filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim measures again...

High Court

Bombay High Court Allows SFC Petition Against Guarantors Under Section 31(1)(aa) of SFC Act, 1951 — Guarantors Liable Despite Company's Winding Up. Guarantee is a separate contract and liability of guarantor is co-extensive with principal debtor under Section 128 of Indian Contract Act, 1872.

7 Jun 2005

The petitioner, SICOM Limited, a State Financial Corporation, filed a petition under Section 31(1)(aa) of the State Financial Corporation Act, 1951 ag...

High Court

Bombay High Court Dismisses Cross Petitions Against Co-operative Appellate Court Order in Recovery Dispute Between State-Owned Corporation and Co-operative Bank. Court Upholds Concurrent Findings on Liability and Interest, Holding That Co-operative Court Has Jurisdiction Over Recovery Claims Under Maharashtra Co-operative Societies Act, 1960.

8 Feb 2005

The judgment arises from two cross writ petitions challenging an order of the Maharashtra State Co-operative Appellate Court dated 28.9.2004 in Revisi...

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