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Bombay High Court Dismisses Petition Challenging Cooperative Bank Elections Due to Availability of Alternative Remedy. Writ Petition Under Article 226 Held Not Maintainable as Election Process Had Commenced and Remedy Under Section 152 of Maharashtra Cooperative Societies Act, 1960 Was Available.

The petitioners, nineteen individuals who are members of the Nashik District Central Cooperative Bank Ltd., filed a writ petition under Article 226 of...

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Bombay High Court Dismisses Petition Challenging Internal Promotion Selection Criteria in MSETCL. Advertisement Specifying Written Test and Interview as Selection Basis Upheld; Performance Appraisal Not Required for Shortlisting.

The petitioners, employees of the Maharashtra State Electricity Transmission Company Ltd. (MSETCL), challenged an internal advertisement dated 27-2-20...

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Bombay High Court Dismisses Writ Petition Challenging Transfer Order in Electricity Company — Transfer Held to be Administrative Necessity Not Punitive. Petitioner's Allegation of Malafides and Violation of Transfer Policy Not Established as Transfer Was to Same Cadre and Location.

The petitioner, Jitendra Dayaldas Fulwani, was an employee of Maharashtra State Electricity Transmission Company Ltd. (MSETCL) working as a Junior Eng...

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Bombay High Court Quashes Liquidation Order Against Co-operative Society for Violation of Natural Justice. Interim Order Under Section 102(1)(c)(iv) of Maharashtra Co-operative Societies Act, 1960 Set Aside for Lack of Hearing and Non-Compliance with Statutory Conditions.

The petitioners, members of the Highway Consumers Co-operative Society Ltd., challenged an interim order of liquidation passed by the Deputy Registrar...

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Bombay High Court Allows Impleadment of Shareholders in Patent Ownership Suit — Applicants Holding 6.3% Shares Have Sufficient Interest in Subject Matter of Suit. Shareholders are proper parties under Order 1 Rule 10 CPC when the suit concerns company assets that affect share value.

The applicants, Percy Rutton Kavasmaneck and Aban Percy Kavasmaneck, filed a Chamber Summons seeking impleadment as party defendants in Suit No. 2932 ...

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Bombay High Court Quashes NSE Stop Transfer Order and Directs Issuance of Duplicate Share Certificates — NSE Cannot Invoke Section 108 of Companies Act, 1956 to Freeze Shares of a Non-Defaulting Shareholder.

The petitioner, Aloysius D'Souza, acquired shares of Dr. Reddy's Laboratories Ltd. between 1986 and 1997. In 2007, he applied for duplicate share cert...

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Bombay High Court Quashes Reassessment Notice and Order Against Co-operative Credit Society for Lack of Reasonable Belief of Income Escapement. Reopening under Section 148 of Income Tax Act, 1961 held invalid as notice was based on borrowed satisfaction and non-application of mind.

The petitioner, Mumbai Postal Employees Co-operative Credit Society Ltd., a co-operative credit society registered under the Maharashtra Co-operative ...