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Bombay High Court Allows EPF Authority to Auction Defaulting Employer's Property Despite Bank's Secured Interest Under SARFAESI Act. Priority of EPF Dues Over Secured Creditors Under Section 11(2) of EPF Act Upheld.

The Central Board of Trustees, Employees Provident Fund (Petitioner) filed a writ petition seeking auction of the property of Respondent No.2 (the emp...

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Bombay High Court Dismisses Appeal by Guarantors in SFC Act Recovery Case — Directors Held Jointly and Severally Liable for Company Loan. Guarantors Cannot Raise Defences of Principal Debtor Under Section 31(1)(aa) of State Financial Corporation Act, 1951.

The appeal arises from a judgment dated 19th September 2007 passed by the learned Adhoc District Judge, Pune, in Miscellaneous Civil Petition No.859 o...

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Bombay High Court Dismisses Petition Challenging Monitoring Committee's Order in Mukesh Mills Redevelopment Case — CRZ-II Zoning and Development Control Regulations Apply to Textile Mill Land.

The petitioners, M/s TCI Industries Ltd and its Executive Director, owned a large property in Colaba, Mumbai, known as Mukesh Mills, a former cotton t...

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Bombay High Court Dismisses Stay Application in Arbitration Matter — Consent Order Not Stayed as No Prima Facie Case Made Out. Court held that a consent order passed under Section 9 of the Arbitration and Conciliation Act, 1996 cannot be stayed unless fraud or lack of jurisdiction is shown.

The petitioner, Tata Capital Financial Services Limited, a non-banking finance company, had sanctioned an invoice discounting facility of Rs. 20,00,00...

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Bombay High Court Dismisses Official Trustee's Petition Seeking Restriction of FSI in Trust Property Development. Consent Order Did Not Limit FSI to 2294 Sq.Ft. as Claimed by Petitioner.

The Official Trustee, Maharashtra State, filed a petition seeking directions and clarification of an order dated 8.8.1997 passed in Trust Petition No....

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Bombay High Court Clarifies FSI Entitlement in Trust Property Development Dispute. Official Trustee Granted Declaration That Developer Is Entitled to Only 2294 Sq. Ft. FSI by Way of TDR Under Memorandum of Understanding and Court Order Dated 8.8.1997.

The Official Trustee, Maharashtra State, filed a petition seeking clarification and directions regarding an order dated 8.8.1997 passed in Trust Petit...