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Supreme Court Dismisses Appeal in Partnership Dispute Over Share Entitlement. Plaintiffs Failed to Prove Capital Contribution of Rs.50,00,000 as per Partnership Deed Dated 30.10.1992, Thus Entitled Only to 10% Share in Profits and Losses Until Expulsion on 18.6.2004.

The dispute originated from a partnership firm, M/s Selwel Combines, reconstituted in 1992 with plaintiff No.1 inducted as a partner under a deed stip...

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Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...

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Bombay High Court Dismisses Petition to Restrain Bank Guarantees in Construction Contract Dispute. Court holds that invocation of bank guarantees cannot be injuncted except in cases of fraud or irretrievable injustice, and no such case was made out.

The petitioner, Ahluwalia Contracts (India) Ltd., filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim reli...

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Bombay High Court Grants Bail to Accused in Ponzi Scheme Case Due to Protracted Trial and No Criminal Antecedents. Right to Speedy Trial Under Article 21 Overrides Gravity of Economic Offences Under IPC, MPID Act, and RBI Act.

The applicant, Sameer, filed a bail application under Section 439 of the Code of Criminal Procedure, 1973 (CrPC) before the Bombay High Court, Nagpur ...

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High Court of Karnataka Dismisses Contractor's Challenge to Substitution in Solid Waste Management Contract. Contractor Failed to Show Legal Right to Continue Contract After Termination for Poor Performance Under Municipal Solid Waste (Management and Handling) Rules, 2000.

The petitioner, Sri S Gautam Raj, a contractor engaged by the Bruhat Bengaluru Mahangara Palike (BBMP) for solid waste management, filed two writ peti...

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High Court of Karnataka Dismisses BMTC's Appeal in Labour Dispute Over Unauthorized Absence. Labour Court's Modification of Dismissal to Reinstatement Without Backwages Upheld Under Section 11A of Industrial Disputes Act.

The case involves an intra-court appeal filed by the Bangalore Metropolitan Transport Corporation (BMTC) against an order of a single judge of the Hig...