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Bombay High Court Allows Summary Judgment in Favor of Negotiating Bank in Letter of Credit Dispute. Issuing Bank's Acceptance of Documents Under Irrevocable LC Is Final and Cannot Be Revoked Based on Allegations of Forgery Without Evidence.

The plaintiff, Malayan Banking Berhad, a Malaysian bank, filed a summary suit against Indusind Bank Limited, an Indian bank, claiming Rs. 3,47,87,865....

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Bombay High Court Hears Civil Revision Application Against Land Acquisition Officer's Refusal to Refer Enhancement Compensation Claim. Case Raises Issue Whether Officer Can Reject Reference Under Section 34(1) of Maharashtra Industrial Development Act, 1961 When Agreement for Negotiated Price Exists.

The case arose from the acquisition of land Gut No. 26, admeasuring 2 H. 10 R, situated at Village Ladgaon, Aurangabad, belonging to the original owne...

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High Court of Bombay Determines Compensation in Land Acquisition References for MSRTC Bus Depot at Dahisar, Borivali. Comparable Land Sale Instances Analyzed to Fix Market Value Under Land Acquisition Act, 1894.

This matter involved a group of land acquisition references under Section 18 of the Land Acquisition Act, 1894, filed by land owners whose properties ...

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High Court Upholds Auction Sale of Cooperative Bank Property; Dismisses Challenges on Grounds of Adequate Upset Price and Proper Procedure. Court Holds that Modification of Auction Condition to Negotiate Only with Highest Bidder is Permissible and Allegations of Fraud and Collusion are Unsubstantiated.

The High Court of Judicature at Bombay, Bench at Aurangabad, heard three writ petitions filed by different petitioners challenging the auction sale of...

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Supreme Court Dismisses Appeal by Builder in Consumer Dispute Over Double Allotment and Forfeiture. Purchase of Flat for Director's Personal Use Held Not Commercial, Affirming Consumer Status Under Section 2(7) of Consumer Protection Act, 2019.

The respondent, Kushalraj Land Developers Pvt. Ltd., a real estate company, booked a flat in the appellant's project 'Omkar 1973 Worli' for the reside...

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Bombay High Court Dismisses ONGC's Challenge to Arbitral Award Rejecting Claim as Time-Barred. Claim for pre-project expenses under MOU held barred by limitation as expenditure incurred prior to April 2001 and claim raised after three years.

The Petitioner, Oil and Natural Gas Corporation Limited (ONGC), challenged an arbitral award dated 12 November 2009 passed by the Arbitral Tribunal co...