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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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High Court of Karnataka Enhances Compensation for Death of 30-Year-Old Driver in Motor Accident Case. Apportionment of Contributory Negligence at 25% Upheld, but Multiplier Corrected from 17 to 16 and Future Prospects Added at 40% Under Motor Vehicles Act, 1988.

The case arises from a motor accident that occurred on 29.05.2016, when Santosh Ghadi (deceased) was riding a motorcycle and dashed against a stationa...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute Over Unreturned Shares. Concurrent findings of arbitral tribunals that stock broker failed to return client's shares and dividends upheld under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioner, Manoj Javeri Stock Broking Pvt. Ltd., a member of the Bombay Stock Exchange, challenged an arbitral award and appellate award dated 17...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Stock Broker Dispute Over Unreturned Shares. Concurrent findings of arbitral tribunals that stock broker failed to return client's shares and dividends upheld under Section 34 of Arbitration and Conciliation Act, 1996.

The petitioner, Manoj Javeri Stock Broking Pvt. Ltd., a member of the Bombay Stock Exchange, challenged an arbitral award and appellate award dated 17...

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Bombay High Court Dismisses Challenge to Railway Advertisement Restricting ATVM Facilitator Posts to Retired Employees. Condition Held Not Arbitrary as It Serves Administrative Convenience and Does Not Violate Article 14.

The petitioner, Furquan Akram, an educated unemployed individual, challenged an advertisement dated 11.08.2015 issued by the South Central Railway for...

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Bombay High Court Dismisses Challenge to Arbitral Award on Liquidated Damages in Construction Contract Dispute. Court Upholds Arbitrator's Finding of Delay and Quantification of Liquidated Damages Under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, M/s B.E. Billimoria & Co. Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging part of a...

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Bombay High Court Dismisses Union's Petition Challenging Industrial Tribunal Award in Contract Labour Absorption Case. Contract between principal employer and contractor held not sham; canteen workers not entitled to absorption under Factories Act, 1948.

The Goa M.R.F. Employees Union filed a writ petition challenging the award of the Industrial Tribunal of Goa, which held that the demand for absorptio...

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Bombay High Court Dismisses Petition Challenging Recovery Certificate in Unfair Labour Practice Case — Compromise Terms Binding on Liquidator. Recovery Certificate for Rs.4,44,216/- upheld as compromise was validly entered into and not challenged.

The Petitioner, Adarsh Janata Sahakari Bank Ltd. and its Liquidator, challenged an order dated 16 October 1998 passed by the Industrial Court, Mumbai,...

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Bombay High Court Dismisses Employer's Petition Challenging Labour Court Award of Reinstatement with Back Wages for Illegal Retrenchment. Non-Compliance with Section 25F of Industrial Disputes Act, 1947 Renders Termination Void, and Full Back Wages Are the Normal Rule.

The case involves a writ petition filed by Shree Changdeo Sugar Mills Ltd. and another against 27 workmen challenging the award of the Labour Court, K...