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Bombay High Court Dismisses Appeals Against Arbitral Award in Partnership Dispute — Upholds Valuation Based on Book Value as Per Partnership Deed. Clause-11 of Partnership Deed Mandates Asset Valuation on Book Value Basis, Not Market Value, Under Section 48 of Indian Partnership Act, 1932.

The case involves two appeals filed by Dr. Vijaypat Singhania and others (Appeal No. 361 of 2010) and Dr. Gaur Hari Singhania and others (Appeal No. 5...

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Bombay High Court Directs Cooperative Court to Decide Interim Application in Society Redevelopment Dispute. Minority Members' Challenge to Resolutions Led to High Court Direction Under Section 9 of Arbitration and Conciliation Act, 1996 to Avoid Delay in Redevelopment.

The case pertains to a petition under Section 9 of the Arbitration and Conciliation Act, 1996 filed by MP Space Dynamics Pvt. Ltd., the developer, aga...

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Bombay High Court Dismisses Petition Challenging EPF Attachment Over SFC Sale Property. Section 11(2) of EPF Act, 1952 creates overriding first charge on assets, enforceable against purchaser in SFC sale, not limited to insolvency or winding up.

The petitioner, M/s. Indus Agro Products, was a purchaser in a sale conducted by the State Financial Corporation under the State Financial Corporation...

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Supreme Court Allows Appeal in Property Dispute Over Compromise Decree Validity — Oral Statements Not Sufficient to Transfer Ownership Under Order XXIII Rule 3 CPC. Sale Deed Executed During Pendency of Appeal Remains Valid and Not Affected by Subsequent Dismissal of Suit.

The case involves a property dispute arising from two rounds of litigation. In the first round, Mansha Ram and others (plaintiffs) filed a suit for de...

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Bombay High Court Dismisses Petition by Municipal Corporation Challenging Bar Council Resolution Prohibiting Full-Time Salaried Law Officers from Practicing as Advocates. The Court Held That the Deletion of Exception Under Rule 49 of the Advocates Act, 1961 Is Valid and Applies to Municipal Law Officers.

The case involves a challenge by the Municipal Corporation of Greater Mumbai and its Principal Law Officer against resolutions of the Bar Council of I...