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Bombay High Court Discharges Accused in CBI Case for Alleged Procurement Irregularities in SAFAR Project. Court holds that mere procedural lapses without proof of criminal intent or loss do not constitute offences under the Prevention of Corruption Act, 1988 and Indian Penal Code, 1860.

The case arises from a CBI investigation into alleged irregularities in the procurement of Digital Display Systems for the SAFAR project by the Indian...

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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Supreme Court Dismisses Appeal by Power Generator Against Termination of PPA — Holds That Failure to Secure Fuel Supply Agreement Does Not Justify Termination Where PPA Does Not Condition Power Supply on Specific Coal Source

The case involves a dispute between M/s Adani Power (Mundra) Ltd. (appellant) and Gujarat Electricity Regulatory Commission and others (respondents), ...

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High Court of Bombay at Goa Reduces Interest Rate from 12% to 9% in Contractor's Recovery Suit Against State. The court held that interest under Section 34 CPC must be reasonable and not excessive, reducing the rate to 9% per annum.

The dispute arose out of a contract awarded by the State of Goa to P.B. Ibrahim, a Class I PWD Contractor, for improvement of riding quality of NH-4A ...

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High Court of Bombay at Goa Partially Allows Contractor's Appeal in Contract Dispute Over Interest and Escalation Claims. Court holds that interest under Section 34 CPC is discretionary and that escalation claims not pleaded cannot be awarded.

The dispute arose out of a contract for improvement of riding quality of NH-4A in Goa awarded by the State of Goa to P.B. Ibrahim, a Class I PWD Contr...

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Bombay High Court Dismisses PIL Challenging Award of Container Terminal Contract to PSA International. Court holds that the petitioner failed to establish any public interest or mala fides in the tender process for the 4th Container Terminal at JNPT.

The petitioner, Mandar Narhari Parab, claiming to be a journalist, filed a Public Interest Litigation (PIL) in the Bombay High Court challenging the d...

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Bombay High Court Allows Writ Petition Challenging Disqualification of Stent Manufacturer from Tender Process. Petitioner's Drug Eluting Stents, Approved by DCGI, Held Eligible for Supply Under Rajiv Gandhi Arogya Yojana.

The Petitioner, M/s. Vascular Concepts Ltd., a company manufacturing Drug Eluting Stents, filed a Writ Petition before the Bombay High Court challengi...

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Bombay High Court Allows Writ Petition Challenging Customs Show Cause Notices for Alleged Under-Invoicing of Imported Printing Machinery. Denial of Inspection of Documents Violates Principles of Natural Justice Under Customs Act, 1962.

The petitioners, M/s. Indian Express Newspapers (Bombay) Pvt. Ltd. and its subsidiaries, imported printing machinery and photo composing equipment fro...