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Bombay High Court Allows Revision Application of Lessor in Rent Control Exclusion Case. Company That Lost Rent Control Protection Due to High Paid-Up Share Capital Cannot Regain It by Subsequent Reduction.

The case involves a dispute between M/s. Depe Global Shipping Agencies Pvt. Ltd. (Plaintiff/Lessor) and M/s. Mather and Platt (India) Ltd. (Defendant/...

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Bombay High Court Upholds Co-operative Appellate Court's Order Setting Aside Termination and Awarding Compensation in Lieu of Reinstatement. Employee's termination by Suvarnayug Sahakari Bank set aside; compensation of Rs. 35,00,000 awarded instead of back-wages.

The judgment concerns three writ petitions arising from a dispute between Suvarnayug Sahakari Bank Ltd. (the Bank) and its former employee, Suresh Shi...

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Supreme Court Allows Appeal of Former PNB MD & CEO Against Asset Freeze Orders in Gitanjali Gems Mismanagement Case. Section 241 Companies Act Powers Cannot Be Used to Attach Assets of Persons Unconnected with the Mismanaged Company.

The appeal was filed by Usha Ananthasubramanian, former Managing Director and CEO of Punjab National Bank (PNB), against orders of the NCLT and NCLAT ...

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High Court of Karnataka Allows Writ Petition Challenging Cancellation of Tender for Smart Classrooms — Violation of Natural Justice and Legitimate Expectation. Government Order dated 5.7.2016 quashed as it was passed without hearing the successful bidder and without valid reasons.

The petitioner, M/s Siddharth Infotech Pvt Ltd, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging the Governme...

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Bombay High Court Allows Summons for Judgment in Summary Suit for Recovery of Debenture and Deposit Amounts — Acknowledgment of Liability Found in Correspondence. Evidentiary Value of Letters as Acknowledgment Under Section 18 of Limitation Act, 1963, Upheld to Extend Limitation Period.

The Bombay High Court heard a Summons for Judgment in a summary suit filed by Canara Bank and others, as trustees of Canbank Mutual Fund, a trust unde...