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Bombay High Court Upholds Arbitral Award in Stock Trading Dispute — Rejects Challenge Under Section 34 of Arbitration Act for Lack of Patent Illegality. Counterclaim Dismissal Upheld as Reasoned and Within Arbitral Tribunal's Discretion.

The petitioner, M/s. Indiabulls Securities Ltd., a trading member of the National Stock Exchange (NSE), challenged an arbitral award under Section 34 ...

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Bombay High Court Dismisses Petition Challenging Arbitral Tribunal's Interim Order on Limitation of Counterclaim in NSE Arbitration. Court holds that interim orders on limitation are not amenable to challenge under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, India Infoline, a registered trading member of the National Stock Exchange of India Ltd. (NSE), entered into an agreement with the res...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case Regarding Transaction Charges. Transaction charges paid to stock exchanges are not fees for technical services under Section 194J of the Income Tax Act, 1961, as stock exchanges perform regulatory and administrative functions.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) regarding the assessment y...

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Bombay High Court Quashes FIR and Charge Sheet in Food Adulteration Case Involving Whey Permeate Powder. Court holds that whey permeate powder is a byproduct of milk and not an adulterant, and its possession does not constitute an offence under the Food Adulteration Act or Indian Penal Code.

The applicant, Sandeep Popatrao Saikad, filed a criminal application under Section 482 of the Code of Criminal Procedure, 1973 before the Bombay High ...

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Bombay High Court Grants Injunction Against Trade Mark Infringement and Passing Off in Pharmaceutical Product 'ONCO BCG' - Defendant's Mark 'BCG ONCO' Held Deceptively Similar Despite Common Descriptive Element 'BCG'.

The plaintiff, Serum Institute of India Limited, a pharmaceutical company, filed a suit for trade mark infringement and passing off against Green Sign...