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Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

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High Court of Judicature at Bombay Quashes Ministerial Order Granting FL-II and CL-III License to Former Partner. License Deemed Personal to Original Licensee, Dissolution of Partnership At Will Extinguishes Ex-Partner’s Claim.

The dispute concerned a FL-II and CL-III liquor license originally granted in 1973 to Prabhakar Wabale, who later entered into a partnership at will w...

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Bombay High Court Allows Writ Petition Challenging Registrar's Refusal to Record Change in Partnership Constitution Following Expulsion of Partners. Registrar of Firms Directed to Consider Application on Merits Under Section 63 of the Indian Partnership Act, 1932.

The petitioner, Samrat Span Realties, a partnership firm registered under the Indian Partnership Act, 1932, filed a writ petition under Article 226 of...

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Bombay High Court Sets Aside Insolvency Notice Against Partners Not Impleaded in Suit — Leave Under Order 21 Rule 50(2) CPC Required. Insolvency Notice Against Alleged Partners Without Prior Leave Under Order 21 Rule 50(2) CPC is Invalid as It Is a Step in Execution.

The judgment debtors, M/s. Shiva Trading Corporation (a firm) and its alleged partners Gulab S. Daga and Jatin Devi Daga, filed a motion to set aside ...

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Bombay High Court Allows Appeal in Partnership Dispute — Plaintiff Entitled to Possession of Business and Premises. Court holds that a partnership at will can be dissolved by notice and the plaintiff as sole proprietor is entitled to recover possession from the defendant who was a partner.

The appellant, Chandrakant Kanoji Parab, filed a suit for recovery of possession of a business called M/s Ramesh Electric Works and the premises where...

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Bombay High Court Dismisses Writ Petition Challenging Dismissal of Suit by Partner of Unregistered Firm Under Section 69 of Indian Partnership Act, 1932. Suit for Accounts and Injunction by Partner of Unregistered Firm Held Not Maintainable.

The petitioner, Chandrayya Mutwayya Irabatti, was the original plaintiff in Special Civil Suit No.139 of 1987 filed before the III Joint Civil Judge, ...

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Bombay High Court Dismisses Suit by Unregistered Partnership Firm Under Section 69 of Indian Partnership Act, 1932. Suit for Declaration and Injunction Barred as Firm Not Registered, No Exception for Suits Relating to Partnership Property Applies.

The plaintiffs, seven individuals, filed a suit seeking a declaration that they are partners of the firm Laxmi Developers and for an injunction restra...

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Bombay High Court Partially Allows Challenge to Arbitral Awards in Partnership Dissolution Dispute. Court upholds award on Grant Road firm but sets aside award on Colaba firm due to lack of reasons on counterclaim.

The petitioner, Zenobia Poonawala, filed two petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging two arbitral awards...

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Supreme Court Dismisses Appeal in Partnership Dissolution Case — Limitation Bar Cannot Be Raised for First Time in Appeal Without Pleadings. Division Bench Correctly Set Aside Single Judge's Order on Limitation Issue Not Raised in Trial Court.

The present appeal arises from a partnership dispute. The plaintiff, S. Raghuraj Reddy, along with other partners, constituted a partnership firm, M/s...