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Bombay High Court Dismisses Petition to Restrain Invocation of Bank Guarantee in Airport Development Contract Dispute. Court holds that bank guarantee is an independent contract and can be invoked only in case of breach, but no prima facie case of fraud or irretrievable injustice established.

The petitioner, Housing Development and Infrastructure Limited (HDIL), filed an arbitration petition under Section 9 of the Arbitration and Conciliati...

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High Court of Karnataka Allows Appeal in Credit Card Recovery Suit — Reduces Usurious Interest Rate of 2.5% per Month Compounded Monthly to 6% per Annum Simple. Contractual interest held unconscionable and against public policy under Section 34 CPC.

The appellant, B. Gopa Kumar, was a credit card holder of Canara Bank (respondent) and was issued a Cancard-Visa card in 1998. He defaulted on payment...

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Madras High Court Examines Whether Settlement Commission Erred in Not Considering Export Performance During Extended Period in EPCG Duty Case. Appellant Sought Recalculation of Customs Duty Based on 30% Export Obligation Achieved, Arguing That One-Year Extension Was Not Properly Accounted.

The appellant, M/s. Asianet Satellite Communication Limited, a service provider in television network, imported cable TV equipment valued at Rs.6,14,3...

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Bombay High Court Allows Writ Petition Challenging AAI's Refusal to Issue Revised NOC for Building Height in Slum Rehabilitation Project. Court Holds That Substantial Compliance with Procedural Requirements Suffices and That the Authorization Letter Dated 11 July 2016 Must Be Treated as Final NOC.

The petitioners, developers implementing a slum rehabilitation scheme in Chembur, Mumbai, sought a revised No Objection Certificate (NOC) from the Air...

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Bombay High Court Allows Clerks' Petition for Old Pension Scheme: Recruitment Process Commenced Before Cut-off Date Entities Employees to Old Pension. Government Resolution of 2005 Not Applicable to Employees Recruited Before 2008 Notification.

The petitioners, 56 Clerks working on the establishment of the Bombay High Court, Appellate Side, filed a writ petition seeking a declaration that the...