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High Court of Karnataka Dismisses Appeal by Mysore Minerals Limited in Arbitration Challenge — Rejects Reappreciation of Evidence Under Section 34. Court holds that arbitral tribunal's interpretation of contract terms is final and not perverse, affirming dismissal of petition to set aside award.

The appellant, Mysore Minerals Limited (MML), a government undertaking engaged in mineral extraction and export, issued a tender notice on 18.5.1995 i...

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High Court of Karnataka Quashes Criminal Proceedings in Bribery Case After Exoneration in Departmental Enquiry. Proceedings Quashed Under Section 482 Cr.P.C. as Identical Charges Could Not Be Established in Prior Enquiry and Tribunal Found No Evidence of Demand/Acceptance of Bribe.

The petitioner, a public servant working as a Tahasildar, was implicated in a bribery case under the Prevention of Corruption Act, 1988. A complaint w...

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High Court of Karnataka Dismisses Petition by Foreign Shareholder Challenging Constitutional Validity of Section 272(1)(e) Companies Act, 2013. Section 272(1)(e) is not ultra vires the Constitution; second proviso to Section 272(3) does not apply to petitions under Section 272(1)(e).

The petitioner, Devas Employees Mauritius Private Limited, a company incorporated under the laws of Mauritius and a shareholder of Devas Multimedia Pr...

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Bombay High Court Allows Contractor's Appeal in Arbitration Act Case — Restoration of Majority Award on Escalation Clause Interpretation. Section 30 of the Arbitration Act, 1940 Not Attracted as Arbitral Interpretation of Contract Clause Was Plausible.

The appeal arose from an order of a learned Single Judge of the Bombay High Court setting aside a majority arbitral award under Section 30 of the Arbi...

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Supreme Court Dismisses Appeal of 100% EOU in Customs Duty Case for Unauthorized DTA Sales of Cut Flowers. Cut Flowers Held Non-Excisable, Duty Leviable on Inputs Under Notification No. 126/94-Cus as Amended, Extended Limitation Period Invoked for Wilful Suppression.

The appeal arises from a dispute between M/s. L.R. Brothers Indo Flora Ltd., a 100% Export Oriented Unit (EOU) engaged in floriculture, and the Commis...

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Bombay High Court Hears Writ Petition Against Enhanced Privilege Fees for Liquor Licence Transfer — Issues of Delay, Laches, and Alternate Remedy Examined Under Bombay Prohibition Act, 1949

The petitioner, Nagpur Distillers, a partnership firm holding licences for manufacturing country liquor (CL-I) and potable liquor (PLL), decided to co...