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High Court Dismisses Revenue's Appeal in Software Export Tax Exemption Case. ITAT's finding that assessee's software development services qualify as 'computer software' under Section 10B of Income Tax Act, 1961 upheld.

The present appeal was filed under Section 260-A of the Income Tax Act, 1961 by the Income Tax Department (appellants) against the order dated 19.01.2...

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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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High Court of Bombay Hears Challenge to Stop Work Notice and Directions Under Regulation 58 of DCR for Greater Bombay 1991. Dispute Concerns Obligation of Cotton Textile Mill to Hand Over Land for Worker Housing and Open Spaces Immediately After Layout Approval.

The matter concerned two properties owned by a textile company in Mumbai: a mill at Prabhadevi and Spring Mills at Dadar. The company closed the latte...

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Bombay High Court Quashes IDBI Bank's Wilful Defaulter Declaration Against Non-Executive Director. The Court Holds that Failure to Provide Copies of Documents and Fair Hearing Violates Principles of Natural Justice and RBI Guidelines.

Background: The writ petition was filed by a non-executive director of Ruchi Soya Industries Limited, a public listed company, challenging his declara...

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Bombay High Court Allows Scheme for Small Fixed Deposit Holders in Winding-Up Petition Against Lloyds Finance Ltd. — Court directs framing of scheme to repay small depositors instead of winding up the company, considering that winding up would leave no recovery for any creditor.

The judgment arises from a winding-up petition filed by Shri Basant Lal Agarwal against M/s. Lloyds Finance Ltd. for recovery of Rs. 3,75,00,000 advan...

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Bombay High Court Enhances Compensation in Motor Accident Claim Case Due to Negligence of Driver and Owner. Apportionment of Liability Between Owner and Driver Under Motor Vehicles Act, 1988.

The case involves two appeals arising from a motor accident claim petition filed by the legal heirs of deceased Prasad Sarodaya, who died in a road ac...

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Madras High Court Hears Writ Petitions Against V.O. Chidambaranar Port Trust Regarding Tender Process and Price Bid Opening. Petitioner Challenges Disqualification and Award of Contract to Third Respondent Under Article 226 of the Constitution of India.

The petitioner, M/s.Coresonant Systems Pvt. Ltd., participated in a tender floated by V.O. Chidambaranar Port Trust, Tuticorin, for implementation of ...