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Bombay High Court Partially Allows Borrower's Waiver Challenge and ARCL's Interest Inclusion Petitions in SARFAESI Appeal Pre-Deposit Dispute. The Court reduced pre-deposit from 50% to 25% of debt due including interest, balancing the borrower's right to appeal and the secured creditor's interests.

The case involves cross-petitions arising from a common DRAT order dated 04 June 2024. The borrower, M/s Royal Traders, challenged the DRAT's refusal ...

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Bombay High Court Allows Appeals Against Appointment of Court Receiver in Favor of Appellants in Commercial Suits Involving Secured Creditors. Appointment of receiver without notice and without considering secured creditors' rights under SARFAESI Act is unsustainable.

The judgment arises from two commercial appeals filed by Future Corporate Resources Pvt Ltd and Ojas Tradelease And Mall Management Pvt Ltd against or...

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Supreme Court Allows Appeal in IBC Limitation Dispute — Application Under Section 7 Held Barred by Limitation. Acknowledgment of Debt in Balance Sheets Does Not Extend Limitation for Initiating CIRP Under IBC.

The Supreme Court allowed the appeal filed by Babulal Vardharji Gurjar, a director of Veer Gurjar Aluminium Industries Pvt. Ltd., against the order of...

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Bombay High Court Dismisses Appeal in Admiralty Suit — No Additional Security Required for Vessel Release. Court held that the appellant/plaintiff was adequately secured by existing bank guarantee and security, and no rearrest or additional security was warranted under the Admiralty jurisdiction.

The case involves an appeal by HSH Nordbank AG (the original plaintiff) against an order dated 24 March 2014 passed by a learned Single Judge of the B...

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Bombay High Court Rules Against Stamp Duty on Amalgamation Orders Under Companies Act, 1956. Court Order Sanctioning Scheme of Amalgamation Is Not a Conveyance Under Bombay Stamp Act, 1958.

The case involved a reference under the Bombay Stamp Act, 1958, arising from a scheme of amalgamation between Reliance Industries Limited (transferee)...

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High Court of Bombay Dismisses Union of India's Challenge to Arbitral Award in Naval Dockyard Contract Dispute. Court upholds arbitrator's findings on extra work and escalation claims as plausible and not perverse under Section 34 of Arbitration and Conciliation Act, 1996.

The Petitioner, Union of India, challenged an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996. The dispute arose from a ...

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(SLP (C) No.28644 of 2019)

Background: The case involves a service dispute where an Executive Engineer (Civil) with the North Delhi Municipal Corporation was dismissed from serv...