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High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

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Madras High Court Dismisses Writ Appeal Challenging Interim Status Quo Order in College Correspondent Appointment Dispute. Church Constitution Provisions Prima Facie Support Bishop's Action to Stay Appointment and Assume Charge.

The appellant, S. Byju Nizeth Paaul, filed a writ appeal against an interim order dated 23.10.2024 passed by a learned Single Judge in W.P.(MD) No.179...

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Bombay High Court Dismisses State's Challenge to Arbitral Award in Construction Dispute — Compensation for Delay Upheld. Majority Award on Claim for Losses Due to Delay Not Perverse or Contrary to Contract Terms Under Section 34 of Arbitration and Conciliation Act, 1996.

The State of Maharashtra, through the Chief Engineer (Special Projects), Public Works Department, and the Executive Engineer, filed a petition under S...

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Bombay High Court Partially Allows Challenge to Arbitral Award in Price Adjustment Dispute Under World Bank-Financed Contract. Court Upholds Majority Award's Interpretation of Price Adjustment Clause but Modifies Interest Rate from 18% to 12%.

The petitioner, M/s. Angerlehner Structurals & Civil Engineering Co., was awarded a contract by the Municipal Corporation of Greater Mumbai (MMC) for ...

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Bombay High Court Dismisses Petitions Challenging SAFEMA Forfeiture Orders — Property Acquired from Smuggler's Funds Forfeitable Even After His Death. The court upheld the forfeiture of properties purchased from a deceased smuggler, rejecting claims of bona fide purchase and limitation.

The judgment concerns four criminal writ petitions filed under Article 226 of the Constitution of India challenging orders of forfeiture passed under ...

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Supreme Court Adjudicates Seniority Dispute Arising from Cadre Bifurcation and Re-amalgamation in Customs and Excise Department. Dispute Centers on Impact of Separate Data Processing Cadre on Ministerial Employee Seniority Under the 1979 Recruitment Rules.

The case involved a seniority dispute among employees of the Customs and Central Excise Department. The original ministerial cadre, governed by the Ce...