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High Court of Bombay Considers Interim Motions in Suit by Foreign Trustees for Recovery of Assets Allegedly Concealed in India. The Court Examines Whether Plaintiffs Have Made Out Prima Facie Case for Disclosure and Deposit Orders Based on US Bankruptcy Court Findings.

The suit was filed by ITC Ltd., acting as trustees in bankruptcy of Suresh Chitalia, Devang Chitalia, EST Fibres Inc., and Lokman Establishment, to re...

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Supreme Court Allows Appeal and Restores Trial Court Decree in Timber Supply Payment Dispute. Misdescription of Proprietorship Firm Name Does Not Invalidate Suit; Amendment Relates Back to Original Filing and Overcomes Limitation Bar.

The dispute arose from a civil suit for recovery of the price of timber supplied. Manohar Lal, son of Jai Jai Ram, carried on business as a commission...

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Bombay High Court Dismisses Petition Challenging Arbitral Award Under Section 30 of Arbitration Act, 1940 — Upholds Award Allowing Claims and Rejecting Counterclaims. Arbitrator's Findings on Agency Agreement and Limitation Upheld as Not Perverse or Contrary to Law.

The petitioners, Metal Tube And Rolling Mills and others, filed a petition under Section 30 of the Arbitration Act, 1940 challenging an arbitral award...

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Bombay High Court Upholds Industrial Court Order Against Employer for Unfair Labour Practices in MRTU & PULP Act Case. Employer directed to reinstate employee with full back wages and permanency benefits for engaging in unfair labour practices under Items 6 and 9 of Schedule IV of MRTU & PULP Act, 1971.

The petitioner, M/s Gannon Dunkerley & Co. Ltd., a public limited company engaged in supply of textile machinery and civil construction, challenged th...

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Bombay High Court Dismisses Petition by Textile Committee Challenging Cess Exemption for Yarn from Waste Cotton. Notification under Section 5 of Textile Committee Act, 1963 exempts all textiles manufactured from waste cotton, including yarn.

The Textile Committee, a statutory body under the Textile Committee Act, 1963, filed a writ petition challenging an order of the Textile Committee Ces...

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Gujarat High Court Quashes Reassessment Notice in Income Tax Case Due to Non-Application of Mind by AO. Section 148 Notice for AY 2014-15 Set Aside as Reasons Recorded Were Mechanical and Lacked Independent Satisfaction.

The petitioner, Sanvira Holdings, a partnership firm part of the PSY Group engaged in real estate business, filed its return of income for Assessment ...