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Bombay High Court Allows Civil Revision Application to Refer Partnership Dispute to Arbitration. Court Holds that Dispute Between Partners Over Properties Acquired from Firm Funds Fell Within Arbitration Clauses.

The petitioner, original defendant no.1 in a special civil suit filed by respondent no.1 (plaintiff) seeking declaration that certain properties belon...

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Supreme Court Upholds Workmen in Retrenchment Compensation Claim Against Electricity Company Under Industrial Disputes Act. Transfer of Undertaking to State Government Did Not Satisfy Section 25FF Proviso Conditions; Workmen Deemed Retrenched and Entitled to Compensation from Previous Employer.

The dispute arose out of the transfer of an electricity distribution undertaking owned by the South Arcot Electricity Distribution Company Limited to ...

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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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Supreme Court Allows State Appeal in Service Matter - MNP Workers Not Entitled to Regularisation. Government Scheme for Village Level Workers Was Temporary and Not a Regular Employment Scheme, Hence No Right to Absorption.

The State of Tamil Nadu appealed against a Division Bench judgment of the Madras High Court which affirmed a Single Judge order directing the State to...

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Bombay High Court Allows Petitioner's Petition for Extension of Bank Guarantee Pending Challenge to Arbitral Award — Section 9 of Arbitration and Conciliation Act, 1996. Post-award interim protection can be granted under Section 9 to preserve the subject matter of arbitration pending challenge to award.

The petitioner, Oil and Natural Gas Corporation Limited (ONGC), filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seekin...

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Supreme Court Dismisses Appeals of Generating Company and State Utility in Electricity Tariff Dispute. Deemed Generation Incentive Not Payable After 1995 Notification; Supplementary Agreement Bars Retrospective Interest on Deemed Loan.

The Supreme Court dismissed two appeals arising from a common order of the Appellate Tribunal for Electricity (APTEL) concerning a power purchase agre...