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Madras High Court Allows Appeals of Shareholders in Capital Receipt Case — One Million Euros Received from Vedior NV Held Exempt as Capital Receipt. Compensation for Loss of Right of First Refusal and Non-Compete Agreement Treated as Capital Receipt Not Chargeable to Tax Under Income Tax Act, 1961.

The case involves two appeals by shareholders (K. Pandiarajan and R. Hemalatha) against the order of the Income Tax Appellate Tribunal (ITAT) which up...

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Bombay High Court Quashes Blacklisting of Supplier by Central Bank of India for Non-Supply Due to Force Majeure. Natural Calamity in Thailand Constitutes Force Majeure Excusing Performance Under Contract Law Principles.

The petitioner, M/s. Acer India (Pvt.) Ltd., a private limited company engaged in supplying computer software and hardware, challenged its blacklistin...

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Bombay High Court Dismisses Grampanchayat's Challenge to Quarry Lease Renewal — No Prior Environmental Clearance Required for Renewal Under 1994 Notification. The Court held that the EIA Notification 1994 does not apply to renewals of leases granted before its enactment.

The case involves a writ petition filed by Grampanchayat Ambegaon through its Sarpanch Dattatray Maruti Marne, challenging the renewal of a quarry lea...

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Bombay High Court Dismisses Petition Challenging Airport Authority's Demand for Vacant Possession of Premises. Lease Agreement for Flying Club Premises at Juhu Aerodrome Terminated Due to Non-Payment of Rent and Unauthorized Subletting.

The petitioners, M/s. Bombay Flying Club and its Honorary Secretary, filed a writ petition under Article 226 of the Constitution of India challenging ...

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Bombay High Court Allows Petition Under Section 14(2) of Arbitration Act, Setting Aside Arbitrator's Termination of Proceedings for Delay in Filing Statement of Claim. Arbitrator's Refusal to Condoned Minimal Delay and Termination Held Arbitrary and Amounting to De Jure Inability to Act.

The petitioners, original claimants in arbitral proceedings, filed a petition under Section 14(2) and Section 32(2) of the Arbitration and Conciliatio...

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Bombay High Court Dismisses Writ Petition of Temporary Teaching Staff Seeking Reinstatement and Regularisation — Temporary Appointments Do Not Confer Right to Continue. Termination of Ad Hoc Employees on Expiry of Term Is Not Illegal and No Writ Lies for Enforcement of Contract of Personal Service.

The petitioners, seven individuals employed as Assistant Professors and Lecturers at Shri Bhagwan College of Pharmacy, Aurangabad, filed a writ petiti...