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Bombay High Court Dismisses Appeal Against Order Upholding Arbitral Award Refusing Specific Performance of School Sale Agreement. Purchaser's Lack of Readiness and School Closure Justify Non-Interference Under Section 34 of Arbitration and Conciliation Act, 1996.

The dispute concerned an agreement for the sale of a running school entered into in 1999 between a public charitable trust as purchaser and the origin...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Bombay High Court Admits and Finally Disposes of Writ Petition Challenging RBI Circulars on Gold Import. Court Hears Arguments on Validity of Circulars Issued Under FEMA and Related Trade Policy.

The petitioners, a bullion dealing company and its directors, filed a writ petition under Article 226 of the Constitution seeking to quash RBI Circula...

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Supreme Court Allows Appeal in IBC Limitation Dispute — Application Under Section 7 Held Barred by Limitation. Acknowledgment of Debt in Balance Sheets Does Not Extend Limitation for Initiating CIRP Under IBC.

The Supreme Court allowed the appeal filed by Babulal Vardharji Gurjar, a director of Veer Gurjar Aluminium Industries Pvt. Ltd., against the order of...

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ARBITRATION PETITION NO.549 OF 2013

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High Court of Bombay Hears Appeal Against Conviction Under Section 120B r/w 302 IPC. Conviction Stemmed from Alleged Conspiracy to Murder Inder Bhatija by Accused No.1 and Others.

The appeal arose from the conviction and sentence of accused No.1 Pappu @ Suresh Budharmal Kalani by the Additional Sessions Judge, Kalyan in Sessions...