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High Court of Bombay Hears Section 34 Petition Challenging Arbitral Award Regarding Liability for Defects in Gas Turbine Generators. Award Deals with Claims for Damages Due to Breakdown and Repair Costs Under a Turnkey Contract.

The dispute arises from a contract between Thermax Limited (Petitioner) and Rashtriya Chemicals & Fertilizers Ltd. (Respondent) for the turnkey instal...

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Bombay High Court Allows Winding Up Petition Against Company for Non-Payment of Debt. Debt of JPY 64,516,217 admitted by balance confirmation and part payment, no bona fide dispute raised under Section 433(e) of Companies Act, 1956.

The Petitioner, Manjiro Works, a proprietory concern in the business of supplying gaming machines, filed a Company Petition under Sections 433(e) and ...