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Bombay High Court Quashes Condition in IOD Requiring Registered Agreement with Tenant for Redevelopment. Condition No.10 in IOD directing that registered agreement with existing tenant not be submitted before CC is set aside as arbitrary and contrary to DCR.

The Petitioner, MIG (Bandra) Realtors and Builders Pvt. Ltd., a developer, acquired redevelopment rights over land admeasuring approximately 20149.40 ...

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Bombay High Court on Restrictive Covenants in Redevelopment

The Bombay High Court considered three interim applications arising from a suit between two cooperative housing societies concerni...

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Supreme Court Allows Appeal in Arbitration Clause Validity Dispute Under Lease Agreement. The arbitration clause designating the lessee's Managing Director as sole arbitrator is upheld as valid under the Arbitration and Conciliation Act, 1996, absent contravention of public policy.

The Supreme Court heard appeals by Indian Oil Corporation Limited against a judgment of the Bombay High Court. The dispute arose from a lease agreemen...

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Bombay High Court Dismisses Appeal Seeking Enforcement of Consent Terms Against Non-Signatory Defendant in Debenture Dispute. Interpretation of Consent Decree Held That Clause 11(a) Obligation to Pay Was Only on Defendant No.5, Not Defendant No.6, Who Was Not a Party to the Consent Terms.

The case involves two appeals filed by the original Defendant No.5 (Dewanchand Ramsaran Trading Pvt. Ltd. and others) against a common order of the le...