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Supreme Court Allows Insurer's Appeal in Insurance Claim Dispute Over Depreciation Rate for Fire-Damaged Machinery. Court Holds That Insured's Failure to Reinstate Damaged Property Within Extended Time Renders Reinstatement Value Clause Inoperative, Entitling Only Market Value on Depreciation Basis.

The dispute arose from a fire accident on 12.12.1998 that destroyed the '20 Hi Cold Rolling Mill' of the insured, M/s Bhushan Steel and Strips Ltd (la...

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High Court of Karnataka Dismisses Winding-Up Petition in Company Dispute Over Disputed Debt Under Sections 433(e) and (f) of Companies Act, 1956. Arbitral Award Debt of Rs.15 Lakh Contested on Grounds of Bona Fide Defence and Set-Off, Held Not Sufficient for Winding Up.

The petitioner, Nuziveedu Seeds Private Limited (now NSL Renewable Power Private Limited), filed a company petition under Sections 433(e) and (f) read...