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Bombay High Court Considers Challenge to Revision Order in FCCB Capital Gains Case; Cost of Acquisition Dispute Between FCCB Scheme and Section 49(2A) of Income-tax Act Examined. Revenue Relied on Section 49(2A) While Petitioner Invoked Clause 7(4) of the 1993 Scheme.

The writ petition under Article 226 was filed before the Bombay High Court challenging an order dated 29 March 2018 passed by the Commissioner of Inco...

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WRIT PETITION NO.853 OF 2012

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Bombay High Court Hears Writ Petition Concerning Dangerous C-1 Category Building in Fort Area, Mumbai. Owner Society Approaches Court After Evacuation and Utility Disconnection, Citing Intent to Repair; Court Refers to Suo Motu PIL on Building Collapse Accountability.

This writ petition before the Bombay High Court concerned a dangerous building known as 'Vikas Building' situated in the Fort area of Mumbai. The peti...

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Bombay High Court Quashes Look Out Circular After Completion of Investigation; No Material Against Petitioner, No Complaint, No Flight Risk. Petition Allowed Under Article 226 and Section 528 BNSS as Continuation of LOC Amounted to Abuse of Process.

The petitioner, a diamond industry businessman with export-import operations across Hong Kong, Belgium, Moscow, and New York, challenged a Look Out Ci...

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Supreme Court Allows Cross-Appeals Against Remand Order in Arbitration Matter — Power of Appellate Court Under Section 37 of Arbitration Act Examined. The Court held that an appellate court under Section 37 cannot remand a Section 34 petition for fresh hearing but must decide the appeal on merits.

The dispute arose from a development agreement concerning a slum rehabilitation scheme in Mumbai. The appellant, Bombay Slum Redevelopment Corporation...

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Bombay High Court Upholds Wakf Tribunal Decree for Possession of Service Inam Lands. Lease of Wakf Property Without Board's Permission Held Void Under Section 56 of Wakf Act, 1995.

The case involves a dispute over two agricultural lands bearing Survey Nos. 17 and 18 situated at Dharur, District Beed. The plaintiffs, claiming to b...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Broker-Client Dispute. Court Upholds Award Directing Payment of Rs.1,58,39,459.87 but Refuses Interest and Costs Under Section 34 of Arbitration & Conciliation Act, 1996.

The appellant, Harinarayan Bajaj, entered into various share transactions on the Bombay Stock Exchange (BSE) through the respondent, Madhukar Sheth, w...

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Bombay High Court Dismisses Suit for Lack of Jurisdiction in Bank Guarantee Dispute — Exclusive Jurisdiction Clause in Contract Confers Jurisdiction on Chennai Courts. Plaintiff L&T's Suit Challenging Invocation of Performance Bank Guarantee Dismissed as Bombay High Court Has No Territorial Jurisdiction.

The plaintiff, Larsen & Toubro Limited (L&T), filed a suit in the Bombay High Court seeking a declaration that the invocation of a Performance Bank Gu...