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Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

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Madras High Court Allows SIPCOT's Appeal in Sub-Leasing Dispute — Demand for Sub-Leasing Charges Upheld. Lease Agreement Clause 2(vii) Prohibiting Sub-Leasing Without Consent and Requiring Payment of Charges is Valid and Enforceable.

The case involves two writ appeals filed by State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) against orders of a learned Single J...

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Bombay High Court Allows Appeal in Trust Property Dispute — Possession of Suit Plot Not Acquired by Government. Land Acquisition Proceedings Did Not Include the Suit Plot, Hence Government Cannot Claim Title or Possession Without Proper Acquisition Under Land Acquisition Act, 1894.

The appeal arises from a judgment and decree dated 25.9.1995 of the Civil Judge, Senior Division, Yavatmal, dismissing Special Civil Suit No.86/1994 f...

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Bombay High Court Dismisses Suit for Declaration of Trust and Accounts Against Bank in Palm Oil Import Dispute. Consent Decree in Prior Suit Bars Plaintiff from Claiming Sale Proceeds as Trust Property.

The plaintiffs, Bajranglal Anilkumar Jaju and Hitesh Anilkumar Jaju, filed Suit No. 824 of 1980 against The Vyasya Bank Ltd. seeking a declaration tha...

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High Court of Judicature at Bombay, Nagpur Bench, Considers Petitions Against Infrastructure Cost Levies by Nagpur Metropolitan Regional Development Authority. The Petitions Raise Constitutional and Statutory Challenges Under Articles 14, 265 and the Maharashtra Regional Town Planning Act, 1966.

The dispute arose from demands for infrastructure cost and STP charges made by the Nagpur Metropolitan Regional Development Authority (NMRDA) against ...