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Bombay High Court Dismisses Petition Challenging Substitution of Assignee in Pending DRT Proceedings Under SARFAESI Act. Assignment of debt under Section 5 of SARFAESI Act entitles assignee to continue pending recovery proceedings without fresh filing, and amendment of cause title is permissible.

The petitioner, Alpha and Omega Diagnostics India Ltd., challenged a common order of the Debt Recovery Appellate Tribunal (DRAT) which upheld the orde...

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Bombay High Court Dismisses Petition Challenging Interim Arbitral Award in Loan Dispute. Court upholds arbitrator's power to pass interim award under Section 31(6) of Arbitration and Conciliation Act, 1996 for admitted liability of Rs.100 crores.

The petitioners, Deccan Chronicle Holdings Limited and Mr. T. Venkatram Reddy, filed a petition under Section 34 of the Arbitration and Conciliation A...

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Bombay High Court Adjudicated Arbitration Petition Under Section 34 of the Arbitration and Conciliation Act, 1996 Challenging Arbitral Award in Lease Finance Dispute. The Award Held Lessee Liable for Tax Demands Arising from Disallowance of Depreciation Under Income Tax Act, 1961.

The matter pertains to an arbitration petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 before the High Court of Judicatur...

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High Court Allows Appeal by Bank in Mortgage Dispute, Remands Suit for Trial on Merits. The court held that the civil suit was not maintainable as the plaintiff had no locus standi to challenge the mortgage.

The case involves an appeal filed by the Bank of India (original defendant No.2) against an order of the District Judge. The respondent No.1 (original...

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Bombay High Court Dismisses Bank's Challenge to Payment of Wages Award Against Hypothecated Assets. Bank Not an Employer Under Payment of Wages Act, 1936 but Liable as Successor to Employer's Assets Under Section 15(2) for Wages Due.

The petitioner, Chief Executive Officer of Sangli Urban Co-op Bank Ltd., challenged a decree of execution for Rs.37,51,800/- passed by the Authority u...