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Bombay High Court Dismisses Appeal and Revision by Corporation Against Arbitral Award in Contract Dispute. Court Upholds Award of Interest and Costs Under Arbitration Act, 1940, Finding No Ground for Interference Under Section 30 or Section 115 CPC.

The appellant, Maharashtra Krishna Valley Development Corporation, a corporation incorporated under the Maharashtra State Krishna Valley Development C...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Revision Case — Tribunal's Order Not Erroneous or Prejudicial to Revenue. Transfer of Shares for Debt Settlement and Lease Premium Income Treated as Capital Receipts, Not Revenue.

The appeal by the revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (Tribunal) dated 21...

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Bombay High Court Quashes Criminal Proceedings Against Directors and Compliance Officer in Cheque Dishonour Case Due to Lack of Vicarious Liability. Directors Not Liable Without Specific Allegations of Their Role in the Offence Under Sections 405, 406, 415, 120-B IPC.

The judgment pertains to two criminal writ petitions filed by the accused persons in a private complaint lodged by Sudhakar Talapurkar (respondent No....

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High Court of Karnataka Declares Police Interference in Gold Loan Business Arbitrary and Violative of Fundamental Rights. Writ of Mandamus Issued Restraining Police from Seizing Pledged Gold Articles, Allowing Only Examination by Summoning.

The petitioner, Muthoot Finance Limited, a company incorporated under the Companies Act, 1956, engaged in the business of gold loans, filed a writ pet...

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Supreme Court Dismisses Appeals in Sales Tax Exemption Dispute Under Karnataka Industrial Policy. Industrial Policy 1996-2001 Does Not Cover Purchase Tax Under Karnataka Sales Tax Act, 1957.

The Supreme Court dismissed appeals by M/s High Range Coffee Curing Pvt. Ltd. against the State of Karnataka and others, challenging the High Court's ...