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Bombay High Court Dismisses Petitioner's Challenge to Arbitral Award in Stock Exchange Dispute Due to Limitation. Claim Filed Beyond Six-Month Period Under BSE Regulation 252(2) Is Barred.

The petitioner, Kalpana Munish Bumb, was a constituent of respondent no. 1, a trading member of the Bombay Stock Exchange. The last transaction betwee...

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Bombay High Court Considers Bank's Claim for Recovery of Dues from Export Company and its Director. Dispute Centers on Alleged Agreement to Debit Cash Credit Account Upon Dishonour of Foreign Bills Purchased Under FBP Facility.

The suit was filed by Bank of India to recover Rs.5,67,332.51 with interest at 19.5% per annum from B.C. Mody Exports P. Ltd. (defendant no.1) and its...

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Bombay High Court Allows BCCI's Writ Petition Against Service Tax Demand on Media Rights Income. Court holds that BCCI's grant of media rights for IPL matches constitutes 'export of service' and not 'franchisee service', quashing the Order-in-Original and directing rectification of the Tribunal's order.

The petitioner, Board of Control for Cricket in India (BCCI), a society registered under the Tamil Nadu Societies Registration Act, 1975 and registere...

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Bombay High Court Allows Section 34 Petition Despite Arbitration at Calcutta Due to Exclusive Jurisdiction Clauses. Parties Bound by Agreement Conferring Exclusive Jurisdiction on Mumbai Courts Over All Disputes.

The petitioner, ISE Securities & Services Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitr...

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Bombay High Court Dismisses Petition Seeking Personal Hearing for Exemption Under SEBI Employee Benefits Regulations. SEBI Not Obliged to Grant Oral Hearing When Considering Exemption Application Under Regulation 9 of SEBI (Share Based Employee Benefits) Regulations, 2014.

The petitioner, JK Paper Limited, a public limited company, filed an exemption application under the Securities and Exchange Board of India (Share Bas...

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Bombay High Court Enforces Foreign Arbitral Award in Favor of Singapore Seller Against Indian Buyer. Rejects Objections Based on Conflicting Jurisdiction Clauses and Public Policy Under Section 48 of Arbitration and Conciliation Act, 1996.

The petitioner, M/s. Louis Dreyfus Commodities Asia Pte Ltd., a Singapore-based company, filed a petition under Sections 47 and 48 of the Arbitration ...

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Bombay High Court Quashes DGFT Order Cancelling Advance Authorisation and EPCG Licences for Optical Fibre Manufacturer — Violation of Natural Justice and Non-Application of Mind. Petitioner's licences restored as cancellation was based on irrelevant considerations and without proper hearing.

The petitioner, Ashwini Ashish Dighe, proprietor of Sunteck Telecommunications, a manufacturer of optical fibres, filed a writ petition challenging th...