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High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

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High Court of Gujarat Quashes Ex-Parte Interim Order of Industrial Tribunal in Industrial Dispute Reference. Petitioner Employer Succeeds in Challenging Interim Relief Granted Without Hearing and Without Reasons Under Section 10 of Industrial Disputes Act, 1947.

The petitioner, Agew Steel Manufacturers Private Limited, challenged an interim order dated 11.11.2022 passed by the Industrial Tribunal, Ahmedabad, b...

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High Court of Bombay Disposes Three Criminal Applications in Matrimonial Dispute Seeking Quashing of FIRs. Accusations Involve IPC, POCSO Act, and Juvenile Justice Act Allegations Between Family Members.

The High Court of Judicature at Bombay dealt with three interconnected proceedings arising from a matrimonial dispute between a husband (Prakash Hotch...

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Bombay High Court Hears Section 34 Petition Against Arbitral Award Rejecting Securities Claim on Grounds of Forum Shopping. Petitioners Contend That Regulatory Proceedings Against Clearing Member and Arbitration Against Depository Are Distinct, Allowing Simultaneous Pursuit Under Indemnity Principles.

This matter arises from a petition under Section 34 of the Arbitration and Conciliation Act, 1996, filed before the High Court of Judicature at Bombay...

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High Court of Karnataka Dismisses Petition Challenging Transfer Order in Service Matter — Transfer Held to Be an Incident of Service. Petitioner's Transfer from Belgaum to Bangalore was in Public Interest and Not Vitiated by Malice or Violation of Statutory Rules.

The petitioner, B.G. Rajagopal, a Surveyor in the Department of Survey Settlement and Land Records, was transferred from Belgaum to Bangalore by an of...

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Gujarat High Court Dismisses Employer's Challenge to Industrial Tribunal Award Granting Pay Scale to Workmen in Education Society. Tribunal's Direction to Pay Wages in Pay Scale of Rs. 2550-3200 Upheld as Based on Evidence and Principle of Equal Pay for Equal Work Under Industrial Disputes Act, 1947.

The petitioner, Nagar Prathmik Sikshan Samiti (NPSS), an educational society, challenged the judgment and order dated 31.01.2018 passed by the learned...

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Bombay High Court Dismisses Vessel Owner's Application for Release of Arrested Vessel Due to Repeated Breach of Undertakings and Contempt of Court. Auction Purchaser's Application for Confirmation of Sale Allowed as Vessel Owners Failed to Furnish Security in Time.

The case involves a commercial admiralty suit filed by GAC Shipping (India) Pvt Ltd & Anr against MV Golden Pride & Ors. The vessel was arrested. The ...