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Bombay High Court Dismisses Petition Challenging Arbitral Award in Share Purchase Agreement Dispute. Court upholds award of damages for breach of contract, finding no patent illegality or conflict with public policy under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, Sonoma Management Partners Pvt. Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an ...

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Bombay High Court Quashes Summons in Defamation Case Against Newspaper Publisher and Editor for Reporting FIR — Reporting of Police Press Release Constitutes Fair Comment and Substantial Truth Under Exception 1 to Section 499 IPC.

The petitioners, Manish Karapurkar (Publisher) and K. R. Sreenivas (Editor) of The Times of India, Goa Edition, filed a Criminal Writ Petition under S...

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Bombay High Court Dismisses Partition Suit and Upholds Wills in Family Property Dispute. Wills and Codicils Executed by Testator and Testatrix Found Valid, No Undue Influence or Lack of Testamentary Capacity Established.

The judgment concerns a family dispute over the estate of Chimanlal Chinai and his wife Shardaben Chinai. The plaintiffs, legal heirs of Dinkar Chinai...

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Bombay High Court Dismisses Second Appeals in Possession Suit — Lease Deed Not Proved, No Tenancy Rights. Gift Deed Valid, Landlord's Title Not Challenged, Eviction Upheld.

The case involves two second appeals arising from a suit for possession filed by the respondent-landlord against the appellants-tenants. The property ...

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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 Petition in Cooperative Law Revision Case — No Second Revision Under Section 154 of Maharashtra Cooperative Societies Act, 1960. Revisional Authority Exceeded Jurisdiction by Entertaining Second Revision Against Order of Divisional Joint Registrar.

The present petition raised an issue whether under the provisions of Section 154 of the Maharashtra Cooperative Societies Act, 1960, a power can be ex...

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Bombay High Court Allows Assessees in Income Tax Reference Regarding Gold Bonds Profit as Capital Gain. Profit from sale of National Defence Gold Bonds held not taxable as business income under Income Tax Act, 1961, as transaction was not an adventure in the nature of trade.

The case involves three income tax references arising from a common order of the Income Tax Appellate Tribunal, Mumbai, for the assessment year 1980-8...