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Bombay High Court Allows SFC Petition Against Guarantors Under Section 31(1)(aa) of SFC Act, 1951 — Guarantors Liable Despite Company's Winding Up. Guarantee is a separate contract and liability of guarantor is co-extensive with principal debtor under Section 128 of Indian Contract Act, 1872.

The petitioner, SICOM Limited, a State Financial Corporation, filed a petition under Section 31(1)(aa) of the State Financial Corporation Act, 1951 ag...

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Bombay High Court Dismisses Appeal Against Arbitral Tribunal's Interim Order in Arbitration Petition Under Section 37 of Arbitration and Conciliation Act, 1996. Court Holds That Scope of Interference Under Section 37 Is Limited and Impugned Order Did Not Suffer From Patent Illegality or Perversity.

The petitioners, Wind World (India) Limited and others, filed an arbitration petition under Section 37 of the Arbitration and Conciliation Act, 1996, ...

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Bombay High Court Allows Appointment of Arbitrator Despite Earlier Refusal to Extend Mandate Under Section 29A of Arbitration Act — Refusal to Extend Mandate Does Not Terminate Arbitral Proceedings or Bar Fresh Appointment Under Section 11.

The case involves a dispute arising out of a Deed of Assignment of Development Rights dated 6 December 2010 between the applicants (Nalin Vallabhbhai ...

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Supreme Court Allows Appeal in Arbitration Case Due to Court Closure During Limitation Period — Condonation of Delay Granted. The period of court closure during winter vacation is excluded for computing limitation under Section 34(3) of the Arbitration and Conciliation Act, 1996.

The appellant, aggrieved by an arbitral award dated 24.08.2016, sought to challenge it under Section 34 of the Arbitration and Conciliation Act, 1996....

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Bombay High Court Pronounces on MSEDCL's Challenge to Order Permitting Single Point Supply to Condominium Under Section 127 Electricity Act. Appellate Authority Allowed Developer to Supply Electricity to Unit Holders through HT Connection Without Individual Connections.

The dispute pertains to the legality of single point electricity supply to a condominium complex known as Great Eastern Plaza in Pune. The petitioner,...

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Karnataka High Court Reserves Order in Writ Petition Seeking Premature Release of Life Convict. Court Analyzes Applicability of Supreme Court's Sukhdev Yadav Judgment on Sentence Interpretation.

The petitioner, a life convict serving sentence in Central Prison, Mysore, approached the High Court of Karnataka seeking a writ of mandamus for his i...