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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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NCLAT Allows Section 7 Petition in Insolvency Case Due to Acknowledgment of Debt in Balance Sheets and Emails. Repeated acknowledgment of debt by Corporate Debtor in balance sheets and emails extends limitation period under Section 18 of Limitation Act, 1963, saving the petition from being time-barred.

The case involves an appeal filed by Akzo Nobel India Ltd. (Financial Creditor) against Stan Cars Pvt. Ltd. (Corporate Debtor) under Section 61 of the...

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Bombay High Court Discharges Accused in CBI Case for Alleged Procurement Irregularities in SAFAR Project. Court holds that mere procedural lapses without proof of criminal intent or loss do not constitute offences under the Prevention of Corruption Act, 1988 and Indian Penal Code, 1860.

The case arises from a CBI investigation into alleged irregularities in the procurement of Digital Display Systems for the SAFAR project by the Indian...

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Supreme Court Allows Appeals Against NGT Orders in Sterlite Copper Plant Closure Case — Upholds Maintainability of Composite Appeal Under NGT Act. The Court held that a composite appeal under Section 16 of the NGT Act is maintainable and that closure orders without natural justice are invalid.

The Supreme Court disposed of a batch of appeals arising from orders of the National Green Tribunal (NGT) concerning the closure of a copper smelter p...

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Bombay High Court Allows Release of Seized Vehicle in Sand Transportation Case - Orders Release on Payment of Royalty and Penalty. Seizure under Section 48(8) of Maharashtra Land Revenue Code, 1966 invalid without prior adjudication of unauthorised extraction under Section 48(7).

The petitioner, Neha Agre, filed a criminal writ petition seeking release of her vehicle (MH20AK7558) which was seized while carrying sand one brass i...

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Bombay High Court Dismisses Petitioner's Challenge to Acceptance of Technical Bid in Tender for MRI Machines. Court Holds That Tender Conditions Were Complied With by Respondent No.4.

The petitioner, Philips Electronics India Ltd., filed a writ petition challenging the acceptance of the technical bid of respondent no.4, Siemens Ltd....

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Bombay High Court Sets Aside Arbitral Award in Lease Finance Dispute Due to Limitation Bar. Claim for Enhanced Rent Based on Depreciation Disallowance Held Time-Barred Under Article 137 of Limitation Act, 1963.

The petitioner, Aditya Birla Chemicals (India) Ltd., challenged an arbitral award dated 9th August, 2011 under Section 34 of the Arbitration and Conci...