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Bombay High Court Acquits Accused in MCOCA Case Due to Lack of Evidence of Organised Crime Syndicate Membership. Conviction under Section 307 IPC and Arms Act Set Aside as Prosecution Failed to Prove Conspiracy and Unlawful Activity.

The case involves an appeal by accused No.2 (Mohamad Iqbal Farooq Sheikh) and accused No.3 (Salim Aziz Shah) against their conviction by the Special J...

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Bombay High Court Dismisses Section 9 Petition by Debenture Trustee Seeking Deposit and Injunction — No Prima Facie Case for Interim Relief as Trustee Failed to Establish Breach of Trust or Impairment of Security Under Trust Deed and Information Memorandum.

The petitioner, IDBI Trusteeship Services Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim rel...

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Supreme Court Upholds NCLAT Order in Insolvency Resolution Plan Approval Under Insolvency and Bankruptcy Code, 2016. Resolution Plan Found Compliant with Section 30(2) and Binding on All Stakeholders Despite Pending Creditor Claim Challenges.

The appeal arose under Section 62 of the Insolvency and Bankruptcy Code, 2016, against a judgment dated 4 January 2021 of the National Company Law App...

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Bombay High Court Allows Winding Up of Swadeshi Mills Co. Ltd. in Creditors' Petitions and BIFR Recommendation. Company declared unable to pay debts and commercially insolvent; winding up ordered under Sections 433(e) and 434 of the Companies Act, 1956.

The judgment concerns multiple company petitions filed by creditors and the Board for Industrial and Financial Reconstruction (BIFR) seeking the windi...

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Supreme Court Allows Appeal in Arbitration Case Over Bank Guarantee Validity - High Court's Direction to Substitute Bank Guarantee Set Aside as Appellant Complied with Original Order for Scheduled Bank Located in India Under Arbitration and Conciliation Act, 1996.

The Supreme Court of India heard civil appeals arising from special leave petitions filed by SEPCO Electric Power Construction Corporation against Pow...

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Bombay High Court Partly Allows Quashing Petition in Extortion Case — MCOCA Approval Set Aside for Lack of Application of Mind. FIR under Section 387 IPC Upheld as Prima Facie Case Exists, but Sanction Under Section 23(1) MCOCA Quashed as Mechanical and Without Proper Satisfaction.

The Applicant, Hemant Dhirajlal Banker, filed an application under Section 482 of the Code of Criminal Procedure, 1973 seeking quashing of FIR No.303/...

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Bombay High Court Allows Section 9 Petition for Appointment of Receiver and Injunction in Loan Default Case. Loan Agreement and Mortgage by Deposit of Title Deeds Established Prima Facie Case for Interim Relief Under Section 9 of the Arbitration and Conciliation Act, 1996.

The petitioner, Aditya Birla Finance Limited, a non-banking finance company, filed a petition under Section 9 of the Arbitration and Conciliation Act,...

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High Court of Karnataka Dismisses Petition Challenging FKCCI Election Results — Petitioner Lacks Locus Standi as Non-Member. Court holds that only members of the Federation can challenge election irregularities under the Companies Act, 2013 and the Societies Registration Act, 1960.

The petitioner, Sri B.L. Shankarappa, filed a writ petition under Article 226 of the Constitution of India challenging the election of office bearers ...

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High Court of Karnataka Dismisses Petitions Challenging Special Joint House Committee on Nursing Education. Legislative Privilege Upheld as Committee Formation Not Found Unconstitutional.

The petitioners, Hyderabad Karnataka Nursing Management Association and Karnataka Nursing Institutions Management Association, filed writ petitions un...