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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Madras High Court Allows Appeal in MSMED Act Arbitration Challenge — Pre-Deposit Must Include Interest. Section 19 of MSMED Act mandates 75% deposit of entire award amount, including compound interest, and Single Judge's order restricting deposit to principal was erroneous.

The case involves an appeal by M/s.Unicon Engineers, the respondent in an arbitration petition, against an order of a learned Single Judge of the Madr...

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act, Upholds Rejection of Section 34 Petition Against Arbitral Award. Lump Sum Contract Precludes Claim for Extra Payment Based on Pre-Contractual Meetings.

The appeal under Section 37 of the Arbitration and Conciliation Act, 1996, arose from an order dated 6 May 2016 passed by a learned Single Judge of th...

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Bombay High Court Dismisses Winding Up Petition for Time-Barred Debt Under Companies Act, 1956. Claim for Goods Supplied in 2006-2007 Held Barred by Limitation as Petition Filed Beyond Three Years from Last Payment in 2011.

The petitioner, Nasir Amin Hungund, filed a winding up petition under Section 433(e) of the Companies Act, 1956 against M/s. Glasspaane Aluminium (I) ...