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Bombay High Court Dismisses Section 9 Petition by Debenture Trustee Seeking Deposit and Injunction — No Prima Facie Case for Interim Relief as Trustee Failed to Establish Breach of Trust or Impairment of Security Under Trust Deed and Information Memorandum.

The petitioner, IDBI Trusteeship Services Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim rel...

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Bombay High Court Dismisses Appeal in Stock Exchange Membership Dispute — Upholds Resolution Declaring Member Defaulter for Non-Payment of Security Deposit. Resolution Passed by Council of Management Valid Under Bye-Law 312 and Articles of Association.

The appellant, Sanjay Munot, was a member of the Pune Stock Exchange Limited (the respondent company) and carried on business as a share broker. In 19...

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Bombay High Court Dismisses Winding Up Petition Against Listed Company in Reverse Factoring Dispute. Debt disputed in bona fide manner and company is solvent, hence winding up not justified under Sections 433(e) and (f) of Companies Act, 1956.

The petitioner, SBI Global Factors Ltd., a financial institution, filed a winding up petition under Sections 433(e) and (f) read with Sections 434(1)(...