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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Bombay High Court Appoints Receiver and Orders Disclosure of Assets in Arbitration Petition for Loan Default. Court grants interim relief under Section 9 of the Arbitration and Conciliation Act, 1996, after consent award cheques are dishonoured.

The Petitioner, Karvy Financial Services Ltd., filed an Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking ap...

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High Court Dismisses Appeal in Partition Suit, Upholding Trial Court's Decree Granting Share in Joint Family Property Under Hindu Law and CPC

The High Court dismissed an appeal filed by defendant No.4 against a trial Court decree granting the plaintiff a 1/5th share in suit item No.5 in a pa...

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Karnataka High Court Hears Defendant's Appeal Against Specific Performance Decree. Trial Court Directs Execution of Sale Deed for Agricultural Land After Finding Valid Agreement of Sale.

The litigation arose from a suit for specific performance of an agreement of sale pertaining to agricultural land measuring 11 acres 21 guntas situate...

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Bombay High Court Dismisses Union of India's Second Appeal in Property Ownership Dispute. Plaintiff's Ownership Upheld Based on Concurrent Findings of Fact Under Section 100 CPC.

The case involves a second appeal filed by the Union of India and other defendants against the judgment of the appellate court which declared the resp...