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Bombay High Court Dismisses Petition Challenging Forfeiture of Earnest Money Deposit in Tender Dispute. Withdrawal of Offer Before Acceptance by Standing Committee Does Not Bar Forfeiture Under Tender Conditions.

The Petitioner, M/s Hasmukhlal & Co., submitted a tender in June 2000 to the Municipal Corporation for Greater Mumbai for supply of road metal. The te...

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Bombay High Court Dismisses Petition Challenging Execution Court Orders in Arbitral Award Enforcement — Calculation of Amount Payable Under Award Upheld

The Petitioner, Konkan Railway Corporation Pvt. Ltd., a public sector undertaking, awarded a construction contract to the Respondent, M/s. B. T. Patil...

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Bombay High Court Hears Petition to Set Aside Arbitral Award in Redevelopment Dispute; Developer Challenges Directions to Amend Building Plans and Pay Compensation. Court's Decision Awaited.

The dispute pertained to redevelopment of a cooperative housing society's property. The respondent society, owner of a plot in Andheri, Mumbai, appoin...

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Bombay High Court Allows Writ Petition Challenging Tender Rejection for Non-Submission of 'Form B' Not Required by Tender Conditions. Court holds that rejection of bid was arbitrary and violative of Article 14, directing reconsideration of petitioner's bid.

The petitioner, M/s. Aditya Construction Company (J.V.), a joint venture partnership firm, challenged the rejection of its bid by the Vidarbha Irrigat...

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Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...