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Supreme Court Upholds Interim Protection in Oppression and Mismanagement Petition Under Companies Act, 2013. Court Extended Restraint on Construction and Permitted Limited Protective Works to Preserve Subject Matter of Dispute Pending Adjudication by NCLT.

The dispute arose from a company petition filed by the appellants under Sections 241, 242, 244, and 59 of the Companies Act, 2013, alleging oppression...

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Supreme Court Dismisses Appeals Against Insolvency Initiation Under Insolvency and Bankruptcy Code, 2016 -- NCLAT Order Upheld in Favor of Allottees as Financial Creditors -- Corporate Debtors Failed to Deliver Possession and Complete Formalities

The Supreme Court dismissed civil appeals filed by erstwhile directors of corporate debtors against the NCLAT judgment which upheld the NCLT order ini...

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Bombay High Court Dismisses PIL Seeking CBI/ED Investigation into Alleged Financial Irregularities by Political Figures. Petition fails to establish prima facie case for transfer of investigation to central agencies.

The petitioners, Gouri Abhay Bhide and Abhay Bhide, filed a Public Interest Litigation (PIL) before the Bombay High Court seeking a writ of mandamus d...

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Bombay High Court Upholds Interim Injunction in Shareholder Dispute Over Share Transfer Agreement — Agreement dated 14th June 2019 Held Valid and Enforceable.

The dispute arises out of a Share Purchase Agreement dated 14th June 2019 between the Kamdar Group (appellants) and the Sanghvi Group (respondents) fo...

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Bombay High Court Dismisses Revision by Bharat Petroleum Corporation Ltd. in Lease Eviction Case — Lease Expired by Efflux of Time, No Renewal, Tenancy Terminated Under Section 106 of Transfer of Property Act, 1882.

The case involves a civil revision application filed by Bharat Petroleum Corporation Ltd. (the applicant/original defendant) against a judgment and or...

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Writ Appeals Filed by Tea and Coffee Plantation Companies Against Denial of Input Tax Credit on Cultivation Inputs under Karnataka Value Added Tax Act, 2003. Issue: Whether Cultivation Inputs Eligible for Tax Credit Under Section 10(2) Read with Section 2(6) and 2(19) of the Act.

The appeals arose from reassessment orders passed under the Karnataka Value Added Tax Act, 2003, denying input tax credit to tea and coffee plantation...

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Bombay High Court Dismisses Appeal Against Injunction in Bank Guarantee Invocation Dispute. Fraud Must Be Established at Invocation Stage; Bank Guarantee Is Independent Contract Between Bank and Beneficiary.

The appellant, M/s. ABG Ports Limited, filed a suit seeking a declaration that the Joint Bid Agreement (JBA), the Counter Guarantee, and its invocatio...

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Bombay High Court Allows Writ Petition Against Octroi Levy on Concentrate Used in Carbonated Beverages. Court Holds That Concentrate Is Not 'Sweetened Aerated Water' Under Entry 60 of Schedule H of the Bombay Provincial Municipal Corporation Act, 1949.

The petitioner, Pepsico India Holdings Private Limited, is a company engaged in the manufacture and sale of carbonated beverages. It imports a concent...