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Bombay High Court Dismisses Abans Enterprises’ Petition on SEBI Settlement Regulations. Validity of SEBI’s Settlement Mechanism Upheld Amid Allegations of Market Manipulation.

The petitioners challenged the validity of certain regulations under the SEBI (Settlement Proceedings) Regulations, 2018, and the rejection of their s...

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Scope of Commercial Disputes under the Commercial Courts Act: Assignment of Debt Outside Ambit of Section 2(1)(c). A dispute must arise from ordinary transactions of merchants, bankers, financiers, or traders to qualify as a commercial dispute under the Commercial Courts Act, 2015.

Heading 1: Nature of the Suit and Interim Application The suit was filed as a summary suit under Order XXXVII of CPC for recovery of Rs. 800 crores...

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"High Court Weighs Urgency and Compliance Under the Commercial Courts Act" "Balancing urgency with legal mandates for pre-institution mediation in commercial disputes."

The Bombay High Court examined whether the suit filed by the plaintiff, Ekta Housing Pvt. Ltd., against Shraddha Shelters Pvt. Ltd. adhered to Section...

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GST Classification Dispute Resolved: Press Release Quashed. "Ensuring impartiality in tax adjudication by upholding judicial independence."

The Bombay High Court addressed a dispute concerning the classification of alcohol-based hand sanitizers under the GST regime. The petition by Schulke...

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"Bombay High Court Dismisses Writ Petitions on Tax Demands; Upholds Adjudication Process" "Reiterates statutory remedies and the necessity of factual adjudication for GST disputes."

The Bombay High Court dismissed a batch of writ petitions filed by various companies, including Oberoi Constructions Ltd., challenging tax demands and...

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"Bombay High Court Quashes Decades-Old Show Cause Notice: Justice Delayed Is Justice Denied" "Excessive delay in adjudication renders the process violative of natural justice, says the Court."

The Bombay High Court quashed a 21-year-old adjudication process initiated by a show cause notice (SCN) issued in 2003 against M/s Esjaypee Impex Pvt....

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"Bombay High Court Secures Creditor's Rights: Garnishee Ordered to Deposit ₹17.41 Crores" "Judgment Debtor's Liabilities to Garnishee Confirmed via Financial Records, Strengthening Execution of Decrees."

The Bombay High Court directed Olive Global Holding Pvt. Ltd. (Respondent/Garnishee) to deposit ₹17,40,82,984/- in court. The judgment emphasizes th...

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Arbitration Clause Rendered Ineffective After Sale Deed Execution, Rules Bombay High Court “Mere historical reference to an Agreement doesn’t sustain arbitration rights if the contract has ceased to exist.”

The case revolves around whether disputes arising out of a Memorandum of Understanding (MoU) and related documents, which lacked a specific arbitratio...

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"Judgment Debtor’s Liability to Pay Interest Clarified: Deposit in Appellate Court Does Not Cease Accrual of Interest" "Bombay High Court reiterates the conditions for cessation of interest under Order XXI, Rule 1 of CPC."

This case examines the cessation of interest on a decretal amount deposited by the judgment debtor in an appellate court, rather than the executing co...

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"Supreme Court's Landmark Judgment on Arbitrator Appointment in Public-Private Contracts" "Balancing Party Autonomy and Equality in Arbitration Proceedings"

The Supreme Court examined the validity of certain arbitration appointment procedures under the Arbitration and Conciliation Act, 1996. The judgment a...