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Bombay High Court Passes Judgment on Enforcement of Foreign Arbitral Award under Sections 47-49 of the Arbitration and Conciliation Act, 1996. Dispute arose from Share Subscription Agreement and Put Option Deed involving investment exit rights.

The petitioner, Banyan Tree Growth Capital L.L.C., a Mauritian investment fund, had invested approximately USD 7.5 million in Axiom Cordages Limited, ...

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Supreme Court Upholds High Court Decision Striking Down Residence-Based Reservation in PG Medical Courses. Domicile or residence-based reservation in State Quota for Post Graduate Medical Courses violates Article 14 of the Constitution of India, as held in Saurabh Chaudri and Pradeep Jain.

The case arose from the Union Territory of Chandigarh, which has only one medical college, Government Medical College and Hospital, Chandigarh. The pr...

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Bombay High Court Dismisses Petition Challenging Rejection of Caveat in Execution Proceedings — Caveat Under Section 148A CPC Not Maintainable After Execution Application Is Filed. Court Holds That Assignee Decree-Holder Can Execute Decree Without Notice to Judgment-Debtor Under Order 21 Rule 16 CPC.

The petitioners, who are judgment-debtors in a pending execution application, filed a caveat under Section 148A of the Code of Civil Procedure, 1908 (...

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Bombay High Court Allows Appeals in Cricket Association Election Dispute — Interim Order Set Aside for Lack of Jurisdiction. Court holds that disputes relating to internal elections of a society are not maintainable in civil court without exhausting remedies under the Societies Registration Act, 1860.

The case involves two appeals arising from a suit filed by Gopinath Munde against the Mumbai Cricket Association (MCA) and its office bearers, includi...

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Bombay High Court Allows Refund of Excise Duty Paid on Exported Goods Under Mistake of Law — Rule 13 Export Bond Not Used. Duty Paid Under Mistake of Law is Recoverable and Limitation Under Section 11B Central Excise Act Does Not Apply to Mistake of Law Claims.

The petitioners, Tata SSL Ltd. and its director, exported consignments of Cold Rolled Sheets and Coils to Nepal by road. The goods were cleared from t...