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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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High Court of Bombay Considers Challenge to Rejection of Technical Bid in Tender for Bus Station Reconstruction Dindori. The petitioner alleges arbitrariness in disqualification for want of signed Geo-tagging certificate despite alleged non-cooperation of authorities.

The High Court of Bombay heard a writ petition filed by M/s. C4 Infrastructure Pvt. Ltd., a company registered under the Companies Act, 2013 and engag...

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Bombay High Court Quashes IBBI Circular as Ultra Vires in Insolvency Professional Regulation — Circular Purporting to Clarify Regulation 4(2)(b) of LP Regulations Held to Be an Impermissible Retrospective Amendment.

The petitioner, Amit Gupta, a chartered accountant and registered insolvency professional, challenged a circular dated 28 September 2023 issued by the...

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Bombay High Court Dismisses Appeal Against Rejection of Arbitration Petition as Time-Barred Under Section 34 of Arbitration and Conciliation Act, 1996. Application Under Section 33 for Additional Award Does Not Extend Limitation Period.

The appellant, Geojit Financial Services Limited, filed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 against an order of a...

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Bombay High Court Dismisses Petitions Challenging Demolition of Illegal Construction in Residential Zone. Unauthorized construction in residential zone without valid development permission is liable for demolition under MRTP Act and BMC Act.

The case involves two writ petitions filed by Sharvan Developers Private Limited and others, and by Jayesh Mehta and others, challenging a demolition ...

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High Court of Karnataka Adjudicates Commercial Appeal Under Section 37 of Arbitration and Conciliation Act, 1996. The Appeal Questions the Upholding of Arbitral Award Granting Remuneration and Indemnity Under Reconstitution Deed of Partnership Firm.

The present Commercial Appeal under Section 13(1A) of the Commercial Courts Act, 2015 read with Section 37(1)(c) of the Arbitration and Conciliation A...