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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Joint Venture Dispute — No Grounds for Interference Under Section 34 of Arbitration and Conciliation Act, 1996. Court upholds arbitrator's findings on breach of joint venture agreement and rejection of counter claims as not perverse.

The petitioner, Development Corporation of Konkan Limited, a government company, filed a petition under Section 34 of the Arbitration and Conciliation...

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Bombay High Court Rejects Second Bail Application in Economic Offence Case Due to No Change in Circumstances. Applicant's Role as Director in Fraudulent Transactions Upheld; Gravity of Offence Precludes Bail.

The applicant, Waryam Singh Kartar Singh, filed a second bail application under Section 439 of the Code of Criminal Procedure, 1973, in connection wit...

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High Court of Bombay Hears Writ Petitions Challenging Deletion of Names from Co-operative Society's Voter List. Petitioners Argue That Partnership Firm Default Does Not Disqualify Individual Members Under Section 27 of Maharashtra Co-operative Societies Act, 1960.

The case comprised two writ petitions filed by three individuals who were members of Yogeshwar Co-operative Credit Society Ltd., Dhule. They challenge...

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Supreme Court Upholds Conviction of Bank Manager for Criminal Conspiracy and Corruption but Acquits Co-Accused for Lack of Evidence. The court found sufficient evidence against the Branch Manager for forging records and sanctioning loans without jewels, but no evidence against the loanee co-accused.

The Supreme Court of India heard appeals against a common judgment of the Madras High Court dated 21st July 2009, which upheld the conviction of T. Ma...

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Bombay High Court Dismisses Petition Challenging Forfeiture of Properties under SAFEMA. Detention Order Under COFEPOSA Validly Triggers SAFEMA Proceedings Despite Non-Execution of Detention and Redemption of Confiscated Currency.

The petitioner, Smt. Yamini S. Bhagwanji, challenged the forfeiture of three immovable properties and certain bank accounts under the Smugglers and Fo...

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Bombay High Court Considers Winding Up Petition Under the Companies Act, 1956, on Grounds of Loss of Substratum and Insolvency Due to Quashing of 2G Licenses; Final Disposition Not Extracted. Allegations of Dysfunctional Board and Insolvency Form Basis of Just and Equitable Winding Up Claim.

This Company Petition was filed by Etisalat Mauritius Ltd. (Petitioner), a wholly owned subsidiary of Emirates Telecommunications Corporation, seeking...