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High Court Dismisses Appeal Against Winding-Up Order in Bond Default Case; Upholds Adverse Remarks Against Directors for Fund Diversion. Company Found Unable to Pay Debts and Substratum Lost, Justifying Winding Up Under Sections 433(e) and 433(f) of Companies Act, 1956.

The appeal arose from a winding-up order passed by the learned company Judge against Zenith Infotech Limited (the appellant) in a petition filed by Th...

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Bombay High Court Quashes Bank's Wilful Defaulter Declaration for Violating Natural Justice. Show-cause notice lacking specific grounds renders the decision invalid under RBI Master Circular on Wilful Defaulters.

The petitioners, Nitin Shah, Rahul Shah, and Kunal Shah, who were directors of Nitin Fire Protection Industries Ltd. (the corporate debtor under CIRP)...

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Bombay High Court Dismisses Contempt Petition Against Municipal Corporation for Non-Compliance of Land Acquisition Order. Conditional Order Does Not Amount to Willful Disobedience Under Contempt of Courts Act, 1971.

The petitioner, M/s. Chinchwad Devasthan Trust, a public religious trust, owned land admeasuring about 1,05,400 sq.m at Bhosari within the jurisdictio...

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Bombay High Court Hears Appeals Against Orders in Section 9 Applications for Injunction in Water Supply Project Dispute. Court Examines Whether Injunction Preventing Contract Termination Amounts to Impermissible Specific Performance Under Specific Relief Act, 1963.

The matter involved two arbitration appeals arising from interim applications under Section 9 of the Arbitration and Conciliation Act, 1996. The dispu...

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Supreme Court Allows Appeals in Electricity Tariff Dispute — Gujarat Urja Vikas Nigam Limited v. Renew Wind Energy (Rajkot) Pvt Ltd. Renewable Energy Certificate (REC) Scheme does not override State Commission's power to determine tariff for wind energy under Section 62 of the Electricity Act, 2003.

The case involves appeals under Section 125 of the Electricity Act, 2003, by Gujarat Urja Vikas Nigam Limited and other distribution licensees against...