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Bombay High Court Passes Order on Interim Plea Over Yes Bank Management Rights Claimed by Heirs of Ashok Kapur. Core Issue Involves Interpretation of Articles of Association Regarding Heritability of Co-founder's Defined Privileges Following His Death in 2008 Mumbai Terror Attacks.

The judgment deals with a Notice of Motion taken out by the legal heirs of late Ashok Kapur, co-founder of Yes Bank, who perished in the November 2008...

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High Court of Karnataka Enhances Compensation for Land Acquisition for Power Grid, Reduces Development Deduction from 50% to 20%. Market Value Determined at Rs.260 per sq. ft. Based on Comparable Sale Deed Under Section 23 of Land Acquisition Act, 1894.

The case involves two appeals arising from a common judgment and award dated 6.2.2016 passed by the II Additional Senior Civil Judge and JMFC, Bagalko...

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Bombay High Court Dismisses Petitions Challenging SARFAESI Act Applicability to Cooperative Banks and Arbitration Awards. Multi-State Cooperative Bank held to be a 'bank' under SARFAESI Act, and arbitration under Multi-State Cooperative Societies Act does not bar subsequent SARFAESI proceedings.

The judgment concerns three writ petitions filed by borrowers challenging actions taken by Abhyudaya Co-operative Bank Ltd. and Piramal Capital and Ho...

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Supreme Court Upholds Validating Act in Land Acquisition Case; Retrospective Removal of One Law Cures Discrimination. Acquisition Under Mysore Land Acquisition Act Valid Despite Existence of City of Bangalore Improvement Act as Legislature Competently Validated Past Proceedings.

The case arose from land acquisition proceedings in Bangalore initiated by the State of Mysore under the Mysore Land Acquisition Act, 1894 for a publi...

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Supreme Court Dismisses Appeal Against Non-Implementation of Central Wage Board Recommendations in Jute Industry Wage Dispute. Uniform Wage Scale Recommended by Wage Board Held Unenforceable for Small Mill in Andhra Pradesh Due to Failure to Apply Industry-Cum-Region Principle.

The dispute arose from the refusal of the management of a small jute mill in Guntur, Andhra Pradesh, to implement the recommendations of the Central W...