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Bombay High Court Revises Mesne Profits and Interest in Dispute Between Forbes Gokak Ltd. and BPCL. Court fixes quantum of mesne profits while reducing interest rate in long-standing tenancy dispute.

The dispute between M/s. Forbes Gokak Ltd. (landlord) and Bharat Petroleum Corporation Limited (BPCL) (tenant) regarding mesne profits and interest af...

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Supreme Court Delivers Landmark Verdict on Retrospective Application of Taxation Law. Balancing Judicial Overruling and Economic Stability: The Doctrine of Prospective Overruling in Focus.

The Supreme Court of India, in a significant ruling, addressed the application of retrospective taxation following its earlier judgment in the Minera...

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Court Upholds CIDCO's Decision to Cancel Bid for Belapur Plot. Judicial Review Finds No Arbitrariness in CIDCO's Commercial Decision

The proceedings under Article 226 of the Constitution of India challenge the decision by the City and Industrial Development Corporation of Maharashtr...

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Supreme Court Upholds High Court's Decision on Auction Sale: Statutory Violations Render Sale Null and Void. Despite recognizing significant procedural breaches, the Supreme Court offers the appellant a chance to retain the industrial property by settling liabilities.

The legality of an auction sale conducted by the Tahsildar and confirmed by the Additional Collector, which was later contested on the grounds of stat...

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Court Quashes FIR Against Sagacious Impex in Soybean Trade Dispute. Nagpur court rules in favor of Sagacious Impex, finding the commercial dispute with Pargan Singapore PTE Ltd. to be civil in nature, devoid of criminal intent.

The applicants, a partnership firm named “Sagacious Impex,” invoked the inherent powers of the court under Section 482 of the Code of Crim...

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Court Rejects SBI's Plea to Dismiss Commercial Suit for Fixed Deposit Fraud. Suit to Recover Rs. 36 Crores from SBI Proceeds Under Commercial Courts Act, Despite Allegations of Fraud by Bank Manager

A legal order from a commercial court addressing an application filed by the State Bank of India (SBI) to reject a plaint under Order VII Rule 11 of t...

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Supreme Court Sets Aside Consumer Complaint Ruling: Clarifies Commercial Disputes Are Beyond Consumer Jurisdiction. In a key judgment, the Supreme Court emphasizes that commercial transactions involving profit do not fall under the Consumer Protection Act.

The Supreme Court, ruled that commercial disputes aimed at profit cannot be adjudicated under the Consumer Protection Act. The court highlighted that...