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Bombay High Court Considers Winding Up Petition Under the Companies Act, 1956, on Grounds of Loss of Substratum and Insolvency Due to Quashing of 2G Licenses; Final Disposition Not Extracted. Allegations of Dysfunctional Board and Insolvency Form Basis of Just and Equitable Winding Up Claim.

This Company Petition was filed by Etisalat Mauritius Ltd. (Petitioner), a wholly owned subsidiary of Emirates Telecommunications Corporation, seeking...

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High Court of Bombay at Goa Adjudicates Writ Petition on Tender Disqualification of Consortium with Proprietary Lead Member. Court Examines Whether RFP Clauses Required All Consortium Members to be Companies Under Companies Act, 2013.

Background: The dispute arose from a tender process initiated by Mormugao Port Authority (Respondent No.1) for the operation and maintenance of Intern...

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High Court of Bombay Dismisses Appeal in Commercial Dispute Over Arbitral Award on Repairs and Interest. The court upheld the Single Judge's order setting aside findings on repairs as perverse and reduced interest rate from 18% to 9% per annum.

The appeal under Section 37 of the Arbitration and Conciliation Act, 1996, was filed by Interocean Shipping (India) Pvt Ltd against an order of the le...

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Supreme Court Upholds Tender Award in E-Auction Dispute Due to Technical Glitch and Lack of Arbitrariness. Connectivity failure at service provider's end justified resumption of auction; High Court's interference in commercial decision set aside.

The Supreme Court allowed the appeals filed by Bharat Coking Coal Ltd. (BCCL) against the judgment of the Jharkhand High Court, which had quashed the ...

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Supreme Court Upholds Permanent Status for Tamil Nadu Medical Services Corporation Workmen. TNMSC Employees Secured Their Rights Under the Tamil Nadu Industrial Establishments Act, 1981, After a Protracted Legal Battle

The Court has addressed cross appeals involving the Tamil Nadu Medical Services Corporation Limited (TNMSC) and its employees' union regarding the app...

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Bombay High Court Allows Appointment of Receiver in Execution Under Section 51(d) CPC Despite Property Being Outside Territorial Jurisdiction. Section 39(4) CPC Does Not Bar Appointment of Receiver as It Is an Independent Mode of Execution.

The case involves a Chamber Summons filed by the decree-holders, Vistra ITCL (India) Limited and IIRF Holdings III Limited, in an execution applicatio...