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Supreme Court Allows Appeal in Specific Performance Case — Time Was Essence of Contract; Forfeiture of Earnest Money Upheld. Breach by Buyer in Agreements to Sell Land in Gurgaon Leads to Dismissal of Suit for Specific Performance and Refund of Earnest Money.

The case involves a dispute over two agreements to sell agricultural land in Gurgaon, executed on 17.02.2004, between the appellants (sellers) and the...

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Bombay High Court Hears Petition to Set Aside Arbitral Award Directing Indemnity for Depreciation Disallowance. Petitioners Argue that Clause 14 of Lease Agreement Does Not Cover Income Tax Depreciation Denial and Rely on Identical Clause Interpretation in Prior Judgment.

The dispute arose from a lease agreement executed in 1997 between Borosil Glass Works Limited (lessee/petitioner) and Tata Motors Limited (lessor/resp...

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Bombay High Court Considers Constitutional Challenge to Development Control Regulation 33(7) Allowing Enhanced FSI for Reconstruction. Petition Filed by Public-Spirited Citizens Claims Regulation Exacerbates Population Congestion in Island City.

This public interest litigation, filed by three public-spirited citizens of Mumbai, challenged the legality of Regulation 33(7) of the Development Con...

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Bombay High Court Considers Challenge to MCGM's Condition Requiring No Objection Certificate from Indian Navy for Occupancy Certificate and Development Permission. Petitioners Argue That Imposition of Such Condition is Arbitrary and Without Statutory Sanction.

The case involves two writ petitions filed before the Bombay High Court under Article 226 of the Constitution. In Writ Petition No. 229 of 2018, M/s S...

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Bombay High Court Hears Suit for Redemption of Pledged Securities After Loan Default; Plaintiffs Abandoned Main Claim of Transfer Agreement. Pledge Agreement Clause 14(ii) Notice and Default by Pledgor Form Core of Dispute Over Shares of Sesa Sterlite.

The suit was filed by Harinarayan G. Bajaj and others against Reliance Capital Limited and Sesa Sterlite Limited. Plaintiffs borrowed a total of Rs.10...