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Bombay High Court Convicts Directors for Default in Filing Statement of Affairs Under Section 454(5) of Companies Act, 1956 — Failure to Submit Statement Despite Repeated Court Orders and Notices Constitutes Offence Without Reasonable Excuse.

The Official Liquidator of M/s. Geeta Marine Services Pvt. Ltd. filed a complaint under Section 454(5) of the Companies Act, 1956 against four accused...

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Bombay High Court Allows Students' Challenge to MHT-CET 2019 Answer Keys and Evaluation Process. Court Directs Re-evaluation of Disputed Questions and Issuance of Revised Merit Lists for Admission to Professional Courses.

The judgment concerns two writ petitions filed by students who appeared for the Maharashtra Common Entrance Test (MHT-CET) 2019 for admission to profe...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Demurrage Dispute. Charter Party Agreement's Demurrage Clause Upheld as Petitioner Failed to Prove Excepted Perils.

The petitioner, Steel Authority of India Limited (SAIL), challenged an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, ...

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Bombay High Court Dismisses Challenge to Arbitral Award in Stock Broker Dispute Under Section 34 of Arbitration and Conciliation Act, 1996. Court Upholds Award as Not Suffering from Patent Illegality or Being Against Public Policy, Refusing to Reappreciate Evidence.

The petitioner, Angel Capital & Debt Market Limited, a stock broker, challenged an arbitral award dated 16 May 2009 under Section 34 of the Arbitratio...

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Bombay High Court Sets Aside Arbitral Award for Violation of Mandatory Time Limit Under NSEIL Byelaws. Award passed beyond six-month period without extension provision is illegal and liable to be quashed under Section 34 of the Arbitration and Conciliation Act, 1996.

The Petitioner, a constituent, challenged an arbitral award dated 19 September 2009 passed by a panel of Arbitrators appointed under the Byelaws, Rule...

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High Court of Bombay Sets Aside Arbitral Award in Stock Broker Dispute Due to Perverse Findings. Arbitrator's Failure to Consider Admitted Documents and Ledger Accounts Constitutes Patent Illegality Under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, Shilpa Stock Broker Pvt. Ltd., a stock broker and member of the National Stock Exchange of India Ltd. (NSEIL) and Bombay Stock Exchang...

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Bombay High Court Dismisses Petition of Professors Challenging Exclusion from Director Selection Process in Autonomous College. Internal Candidates Not Entitled to Be Considered if They Do Not Meet Qualifications Prescribed by Board of Governors Under Autonomous Status.

The petitioners, Prof. Bandu Baburao Meshram and Prof. Abhay Bambole, were professors at Veermata Jijabai Technological Institute (VJTI), an autonomou...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Stock Brokerage Dispute — Upholds Award for Squaring Off Due to Margin Default. Member-Client Agreement and Electronic Contract Notes Establish Liability for Margin Shortfall Under Byelaws of Stock Exchange.

The petitioner, Sizarali M. Dodhia, a constituent of the respondent, Angel Capital & Debt Market Ltd., entered into a member-client agreement on 21 Au...