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Bombay High Court Quashes Tender Process for Unilateral Reduction of Upset Price in Co-operative Bank Property Sale. Tender Authority Cannot Reduce Upset Price After Issuance of Tender Notice Without Fresh Tender Process.

The case involves two writ petitions challenging the decision of the Buldhana District Co-operative Agricultural Rural Multipurpose Development Bank L...

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High Court of Bombay Allows Bank of India's Petition for Appointment of Arbitrator in Loan Dispute. Dispute Referred to Arbitration Despite Respondent's Claim of Non-Signatory Status, with Jurisdictional Issue Left to Arbitrator.

The judgment arises from a petition filed by Bank of India under Section 11 of the Arbitration and Conciliation Act, 1996, seeking appointment of an a...

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Bombay High Court Allows Assignee of Debt to Proceed Under SARFAESI Act Despite Company Being Under Liquidation. Assignee Steps into Shoes of Original Lender and Can Enforce Security Interest Under Section 13 of SARFAESI Act, 2002.

The petitioner, ASREC (India) Limited, is a company registered as a Reconstruction Company and Securitisation Company with the Reserve Bank of India u...

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Bombay High Court Allows Appeal Against Setting Aside of Arbitral Award in Construction Contract Dispute. The court restored the arbitral award holding that the Single Judge exceeded jurisdiction under Section 34 of the Arbitration and Conciliation Act, 1996 by reappreciating evidence.

The appeal arose from a judgment of a learned Single Judge of the Bombay High Court setting aside an arbitral award dated 16 January 2009 under Sectio...

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High Court of Bombay at Goa Dismisses Appeal by Executive Engineer in Land Acquisition Compensation Enhancement Case. Compensation enhanced from Rs.58/- to Rs.202/- per sq.m. based on comparable sale instances and potential of land.

The case pertains to an appeal filed by the Executive Engineer, Works Division XVIII (Roads), P.W.D., Ponda, Goa, challenging the order dated 12.9.201...

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Bombay High Court Dismisses Petitions Challenging Demolition of Unauthorized Construction on Municipal Land — Held That No Notice Under Section 53A of Transfer of Property Act Is Required for Unauthorized Occupants and That Encroachment on Public Land Cannot Be Regularized.

The judgment concerns two writ petitions filed by different groups of petitioners challenging the demolition of their constructions on land belonging ...

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High Court Allows Petition Under Section 11(6) of Arbitration and Conciliation Act, 1996 for Appointment of Arbitrator in Construction Contract Dispute. Court Appoints Sole Arbitrator to Adjudicate Disputes Arising from Contract Dated 27.09.2013.

The petitioner, Sobha Projects and Trade Private Limited, filed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking ...