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High Court of Karnataka Directs Refund of Forfeited Auction Amount in SARFAESI Sale Due to Bank's Failure to Issue Sale Certificate. Bank's Failure to Perform Reciprocal Promise Discharges Bidder from Obligation to Pay Balance.

The petitioner, Sri Kalyanamurthy K., participated in an e-auction conducted by the State Bank of India (respondent) for the sale of an immovable prop...

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Bombay High Court Admitted Second Appeal on Questions of Law Concerning Insolvency Act and Auction Sale Confirmation. The Court Framed Eight Substantial Questions Involving Interpretation of Provincial Insolvency Act, 1920, Order 21 Rule 92 CPC, and Res Judicata in Tenancy Proceedings.

The matter concerned a long-standing insolvency dispute dating back to 1959. Roopsingh Chainsingh Ture filed Insolvency Application No.12 of 1959 befo...

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Bombay High Court Dismisses Cross Execution Applications in Share Sale Dispute, Holds Loan Included in Consideration. The court upheld the decree for specific performance of an email agreement, ruling that the loan amount of Rs.10,32,55,000/- was part of the Rs.36.75 crore consideration.

The case arises from a dispute between two groups, the Kotharis and the Agarwals, who were equal shareholders in a company called Special Ear, Nose an...

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Bombay High Court Allows Writ Petition Challenging Arbitrary Cancellation of Tender Award. State Warehousing Corporation's Cancellation of Contract Without Reasons or Hearing Held Unreasonable.

The petitioner, M/s Bhagwati Builders, a proprietary concern of Vijay Agrawal, participated in a tender issued by Respondent No.1, Maharashtra State W...

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Bombay High Court Allows Writ Petition Challenging Rejection of Tender on Technical Grounds - Tender Rejection Set Aside Due to Non-Application of Mind and Violation of Principles of Natural Justice

The petitioner, M/s Ravindra Narayan Choudhari, a proprietorship firm, filed a writ petition under Articles 226 and 227 of the Constitution of India b...

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Madras High Court Delivered Common Order in Writ Petitions Seeking FIR Registration and SIT Investigation into Alleged Cartelization in TANGEDCO Transformer Tenders. The Court Examined Allegations of Identical Bidding and Inflated Procurement Costs Causing Loss of Rs.397 Crores to Public Exchequer.

The judgment pertains to three writ petitions filed under Article 226 of the Constitution of India, heard analogously by the Madras High Court. The pe...

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Karnataka High Court Quashes Restriction on Crushing of Iron Ore Lumps, Upholds Legality of Processing Within Leased Area. Royalty Liability Determined on Form of Mineral Dispatched, Not on Intermediate Processing, Under Rule 39 of Minerals Concession Rules, 2016 and Rule 8 of Auction Rules, 2015.

The dispute arose out of a mining lease granted to a pellet manufacturing company for captive iron ore mining. The company extracted run of mine, scre...

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Bombay High Court Dismisses Challenge to Tender Evaluation in Solid Waste Management Contract. Technical Evaluation Upheld as Per Tender Conditions and No Malafides Established.

The petitioner, A2Z Infra Services Ltd., challenged the technical evaluation of a tender issued by Nagpur Municipal Corporation (NMC) for door-to-door...