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High Court of Judicature at Bombay Quashes State Government's Cancellation of Slum Rehabilitation Scheme Approvals and Directs Fresh Hearing. Inconsistencies Between Government Directives and SRA Circular Were Not Established, and Scheme Was Permitted Under New Housing Policy of 2007.

The petitioner, a developer, submitted a proposal for a Slum Rehabilitation Scheme which was in the nature of a Township Development Scheme for approx...

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Bombay High Court Dismisses Writ Petition Challenging Slum Rehabilitation Authority's Grant of Scheme to Another Developer. Court upholds SRA's decision based on eligibility criteria and policy, finding no arbitrariness or violation of principles of natural justice.

The Petitioners, Dyna Estate Pvt. Ltd. (a developer) and Dr. Babasaheb Ambedkar Nagar Sahakari Griha Nirman Sanstha (a proposed cooperative society of...

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High Court Quashes FIR Against Bank Officials and BGR Energy Executives in Bank Guarantee Dispute -- No Criminal Intent Found in Commercial Transaction Under IPC Sections 420, 403, 406, 418, 425, 427 read with 34

The High Court quashed an FIR registered against bank officials and company executives alleging criminal offences in connection with bank guarantee tr...

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High Court of Karnataka Dismisses Writ Petitions Challenging Gram Panchayat's Property Tax Levy on Industrial Units in KIADB Area — Property Tax Under Karnataka Panchayat Raj Act, 1993 Is Valid Despite KIADB Land Ownership.

The judgment involves a batch of writ petitions filed by various industrial units located in the Sompura Industrial Area, developed by the Karnataka I...

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Bombay High Court Dismisses Petition Challenging Injunction in Non-Compete Clause Dispute. Temporary Injunction Granted to Restrain Former Employee from Competing with Employer for Three Years Based on Contractual Non-Compete Agreement.

The petitioner, Tapas Kanti Mandal, was employed by Cosmo Films Ltd. as a manager in its Research and Development Department from May 2003. He resigne...

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Supreme Court Hears Appeal on Limitation in IBC Proceedings; Balance Sheet Acknowledgment Dispute. NCLAT Upheld Dismissal of Section 7 Application as Time-Barred Despite Claim of Debt Acknowledgment in Financial Statements.

The appeal arose from the dismissal of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by IL&FS Financial Services Li...