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Bombay High Court Allows Appeal in Loan Recovery Case — Decree Satisfaction Set Aside Due to Lack of Consent. Court holds that a decree cannot be marked satisfied without the consent of the decree-holder or a valid compromise recorded under Order 23 Rule 3 CPC.

The Industrial Credit & Investment Corporation of India Ltd. (ICICI) filed a suit against Radha Silk Mills Ltd. for recovery of a foreign currency loa...

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Bombay High Court Considers Constitutional Challenge to Development Control Regulation 33(7) Allowing Enhanced FSI for Reconstruction. Petition Filed by Public-Spirited Citizens Claims Regulation Exacerbates Population Congestion in Island City.

This public interest litigation, filed by three public-spirited citizens of Mumbai, challenged the legality of Regulation 33(7) of the Development Con...

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Bombay High Court Dismisses Amendment Application in Arbitration Challenge Due to Delay and Lack of Diligence. Petitioner Failed to Explain 17-Month Delay in Seeking to Add New Ground Under Section 34 of Arbitration and Conciliation Act, 1996.

The Petitioner, Zee Sports Limited (now Zee Digital Convergence Ltd.), filed a Chamber Summons seeking amendment to its Arbitration Petition under Sec...

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Bombay High Court Considers Bank's Claim for Recovery of Dues from Export Company and its Director. Dispute Centers on Alleged Agreement to Debit Cash Credit Account Upon Dishonour of Foreign Bills Purchased Under FBP Facility.

The suit was filed by Bank of India to recover Rs.5,67,332.51 with interest at 19.5% per annum from B.C. Mody Exports P. Ltd. (defendant no.1) and its...

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Bombay High Court Dismisses Applications for Raising Attachment in Execution Proceedings. Third Party Claimant Fails to Prove Ownership of Attached Flat Despite Claiming Under Deed of Assignment.

The case involves two chamber summons taken out in a summary suit for raising an attachment levied on a flat. The first chamber summons was filed by t...