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Bombay High Court Hears Company Petition for Sanction of Scheme of Arrangement and Reduction of Share Capital. Petition Seeks to Restructure Debts and Reduce Capital Under Sections 391, 392, and 102 of the Companies Act, 1956.

This matter pertains to a company petition filed by Sharp Industries Limited under Sections 391-394 of the Companies Act, 1956, seeking sanction of a ...

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Supreme Court Holds Public Procurement Policy for MSEs Enforceable, Issues Directions on Minimum Turnover Clauses. The Court ruled that the Procurement Order 2012 has force of law and that minimum turnover clauses must be proportionate, directing effective implementation of the 25% procurement mandate.

The petitioner, a Micro Enterprise and its founder, challenged the legality of minimum turnover clauses in government tenders that prevented their par...

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Bombay High Court Allows Retired Head Master's Petition for Pension and Benefits Despite Post-Retirement Disciplinary Inquiry. Disciplinary Inquiry Initiated After Superannuation Without Statutory Authority is Invalid and Pension Cannot Be Withheld.

The petitioner, Ashok Ramrao Kadam, was appointed as an Assistant Teacher on 9 August 1984 and later promoted as Head Master. He served until his supe...

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Bombay High Court Upholds Co-operative Appellate Court's Order Setting Aside Termination and Awarding Compensation in Lieu of Reinstatement. Employee's termination by Suvarnayug Sahakari Bank set aside; compensation of Rs. 35,00,000 awarded instead of back-wages.

The judgment concerns three writ petitions arising from a dispute between Suvarnayug Sahakari Bank Ltd. (the Bank) and its former employee, Suresh Shi...

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Bombay High Court Allows Appeal in Carriage of Goods by Sea Case — Sets Aside Ex-Parte Decree Due to Non-Service of Summons. Service of summons on agent of foreign principal held insufficient to bind the principal under Order 5 Rule 12 of CPC, 1908.

The appeal arises from a judgment and decree dated 18 October 2014 passed by the City Civil Court, Bombay in SC Suit No.7175 of 1997. The plaintiff, D...