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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Bombay High Court Dismisses Writ Petition Challenging Termination of Contract by MMRDA. Contractual Dispute with Arbitration Clause Not Amenable to Judicial Review Under Article 226 as Termination Was in Accordance with Contract Terms.

The petitioner, Systra MVA Consulting (India) Pvt. Ltd., a company with 70% stake in Systra-SMCIPL Consortium, was appointed as General Consultant by ...

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Supreme Court Upholds Arbitrator's Award in Contract Dispute Over Final Bill Claims. Court Held That Arbitrator's Consideration of Vitiating Factors and Contract Clauses Was Permissible Under Arbitration and Conciliation Act, 1996, Despite Prohibition on Further Claims in Clauses 65 and 65A.

The dispute arose from a contract dated 02.07.2001 for repair works, with time extended to 19.01.2002. The respondent contractor submitted a final bil...

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Supreme Court Examines Regularisation of Temporary Workmen in ONGC Based on Certified Standing Orders and Unfair Labour Practice Provisions. The court considers whether clause 2(ii) of ONGC's Certified Standing Orders confers a right to regularisation and whether the decision in PCLU is per incuriam.

This batch of appeals arises from judgments of various High Courts directing regularisation of workmen employed by Oil and Natural Gas Corporation (ON...

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Bombay High Court Dismisses Employer's Challenge to Industrial Court Orders in Newspaper Employee Reinstatement Cases — Held that Workmen are Entitled to Reinstatement with Continuity of Service and Back Wages for Unfair Labour Practices Under MRTU & PULP Act, 1971.

The judgment involves a batch of writ petitions filed by Lokmat Media Private Limited (formerly Lokmat Newspapers Private Limited) challenging orders ...

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Bombay High Court Enforces Foreign Arbitral Award in Favor of Singapore Seller Against Indian Buyer. Rejects Objections Based on Conflicting Jurisdiction Clauses and Public Policy Under Section 48 of Arbitration and Conciliation Act, 1996.

The petitioner, M/s. Louis Dreyfus Commodities Asia Pte Ltd., a Singapore-based company, filed a petition under Sections 47 and 48 of the Arbitration ...

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Bombay High Court Quashes Tender Award in Municipal Contract Case for Violation of Tender Conditions and Lack of Transparency. The Court held that the Corporation's decision to award the contract to a technically disqualified bidder was arbitrary and unsustainable.

The case involves a writ petition filed by Kirloskar Brothers Limited (Maharashtra Electro-mech Joint Venture) challenging the tender process conducte...