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High Court of Bombay at Goa Allows Writ Petition Challenging Commercial Court Order Taking Written Statement on Record Without Condonation Application. Mandatory Procedural Requirements Under Commercial Courts Act, 2015 Must Be Strictly Followed; Non-Speaking Order Set Aside.

The Petitioner, M/s. Milagre Homes LLP, filed a Commercial Suit seeking specific performance of a Development Agreement dated 2nd December 2023 agains...

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High Court of Karnataka Directs Refund of Forfeited Auction Amount in SARFAESI Sale Due to Bank's Failure to Issue Sale Certificate. Bank's Failure to Perform Reciprocal Promise Discharges Bidder from Obligation to Pay Balance.

The petitioner, Sri Kalyanamurthy K., participated in an e-auction conducted by the State Bank of India (respondent) for the sale of an immovable prop...

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Bombay High Court Dismisses Appeal Against Refusal to Restrain Bank Guarantee Invocation in Contract Dispute. No Fraud or Special Equities Established to Prevent ONGC from Encashing Bank Guarantees Furnished by Mercator Oil & Gas.

The appellant, Mercator Oil & Gas Limited, had entered into a contract with the first respondent, Oil & Natural Gas Corporation Limited (ONGC), for th...

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Petition in Bombay High Court Seeks to Quash AICTE's Withdrawal of Approval for Engineering and Polytechnic Colleges on Grounds of Alleged Land Deficiency. The Institute Argues That the Withdrawal After Years of Unobjected Approvals Violates Principles of Natural Justice.

In these writ petitions, the petitioner, a public trust running an engineering college and a polytechnic, challenged the withdrawal of approval by AIC...

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High Court of Karnataka Hears Writ Petition Seeking Enforcement of RBI COVID-19 Moratorium Package. Petitioner Challenges Banks' Denial of Moratorium Under RBI Circular Dated 27.03.2020.

Velankani Information Systems Limited, a company operating an IT park and a five-star hotel in Bengaluru, availed term loans aggregating Rs. 475 crore...

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Bombay High Court Allows Petition Under Section 14(2) of Arbitration Act, Setting Aside Arbitrator's Termination of Proceedings for Delay in Filing Statement of Claim. Arbitrator's Refusal to Condoned Minimal Delay and Termination Held Arbitrary and Amounting to De Jure Inability to Act.

The petitioners, original claimants in arbitral proceedings, filed a petition under Section 14(2) and Section 32(2) of the Arbitration and Conciliatio...