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High Court of Bombay Grants Interim Injunction Restraining Encashment of Bank Guarantees in Subcontractor Dispute. Fraud and Irretrievable Injustice Established as Grounds for Injunction Against Bank Guarantee Invocation Under Contract Law.

The Plaintiff, ITD Cementation India Ltd., filed a suit seeking a restraint order against Defendant No.1, Reliance Infrastructure Limited, from demand...

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High Court of Karnataka Dismisses Appeal Against Arbitral Award in Construction Contract Dispute. Court upholds rejection of claims for additional payment due to lack of evidence and failure to prove that extra work was ordered by the Railways.

The appellant, M/s. N.N. Constructions, a proprietary concern, filed a commercial appeal under Section 37(1)(c) of the Arbitration and Conciliation Ac...

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High Court of Karnataka Dismisses Petitions by Automobile Dealers Challenging Labour Court Awards of Back Wages and Reinstatement. Retrenchment of Workmen Found Illegal for Non-Compliance with Section 25-F of Industrial Disputes Act, 1947.

The case involves a batch of writ petitions filed by various automobile dealership companies (petitioners) challenging common awards passed by the Lab...

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Bombay High Court Dismisses Challenge to Termination of Lease and Eviction Orders in MIDC Land Dispute. Lease Termination Upheld as Petitioner Failed to Comply with Conditions and Was Not Entitled to Protection Under Bombay Government Premises (Eviction) Act, 1955.

The petitioner, M/s. Sesa Sterlite Ltd., a Public Limited Company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

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High Court of Bombay at Goa Partially Allows State Appeal in Land Acquisition Case, Reduces Compensation Rate. Reference Court's enhancement of market value from Rs. 100 to Rs. 350 per sq.mt. set aside; rate reduced to Rs. 200 per sq.mt. based on comparable sale instances.

The case pertains to a State appeal under Section 54 of the Land Acquisition Act, 1894, challenging the Judgment and Award dated 12/03/2007 passed by ...

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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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High Court of Karnataka Hears Appeal Against Trial Court's Damages Award in Illegal Termination Suit; Cross-Objection for Higher Damages Also Considered. Judgment Under Section 96 CPC and Order XLI Rule 1 is Delivered After Remand for Quantification.

This case involved the challenge to the termination of a managerial employee in a private limited company. H.R. Thimmappa Gowda joined Goetze (India) ...

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Bombay High Court Dismisses Appeal by ONGC Against Upholding of Arbitral Award in Contract Dispute. Interpretation of Contract Terms and Findings of Fact by Arbitral Tribunal Not Open to Challenge Under Section 34 of Arbitration and Conciliation Act, 1996.

The case arises from a commercial arbitration appeal filed by Oil and Natural Gas Corporation Ltd. (ONGC) against the judgment of a Single Judge of th...