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Bombay High Court Passes Judgment on Enforcement of Foreign Arbitral Award under Sections 47-49 of the Arbitration and Conciliation Act, 1996. Dispute arose from Share Subscription Agreement and Put Option Deed involving investment exit rights.

The petitioner, Banyan Tree Growth Capital L.L.C., a Mauritian investment fund, had invested approximately USD 7.5 million in Axiom Cordages Limited, ...

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Bombay High Court Allows Writ Petition Challenging Reservation Policy for Principal Posts in Aided Colleges. Post of Principal is an Isolated Post Not Subject to Reservation Under Maharashtra Reservation Policy.

The petitioner, Marathwada Legal and General Education Society, runs two aided colleges: Manikchand Pahade Law College (established 1956) and Dr. (Smt...

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Bombay High Court Dismisses Petition of Accountant Seeking Pay Revision Under Standard Code Rules. College Under Social Justice Department Not Covered by Rules Applicable to Higher Education Department.

The petitioner, Sudhakar Chindhusa Savvalakhe, was employed as an Accountant at Shivaji College of Physical Education, Amravati, a college affiliated ...

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High Court of Karnataka Dismisses Petition to Quash Section 138 NI Act Complaint Against Director for Insufficient Averments. Director Issued Cheque Towards Company Loan, Dishonoured Due to Insufficient Funds, Court Finds Prima Facie Case.

The petitioner, Sri Nabhiraj, a director of Aztec Digitals Private Limited, filed a criminal petition under Section 482 of the Code of Criminal Proced...

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Supreme Court Allows Bank's Appeal, Holds Borrower of Project Loan Not a Consumer Under Consumer Protection Act, 1986. Loan availed for commercial purpose of film post-production excludes company from consumer definition under Section 2(1)(d)(ii).

The Supreme Court considered two appeals arising from an order of the National Consumer Disputes Redressal Commission (NCDRC) dated 30.08.2023. The ap...