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High Court of Bombay Adjudicates Petitions Under Section 37 of Arbitration Act Against Interim Deposit Order. The Arbitral Tribunal Had Directed Joint and Several Deposit of Rs.190 Crores and Restraint on Property Alienation.

The dispute arose from a Share Holders Agreement (SHA) dated 27 December 2012 and subsequent amendments between the Claimants (investors) and the Resp...

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Bombay High Court Dismisses Petition Seeking Waiver of Pre-deposit Under Section 129E of Customs Act, 1962. Mandatory Pre-deposit Cannot Be Waived Under Article 226 in Light of Supreme Court Precedent in Kotak Mahindra Bank.

The petitioners, Lalit Kulthia and another, filed a writ petition under Article 226 of the Constitution of India before the Bombay High Court seeking ...

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Supreme Court Allows Appeal in Mortgage Suit: High Court Erred in Holding No Mortgage Created Despite Agreement to Deposit Title Deeds. Equitable Mortgage by Deposit of Title Deeds Under Section 58(f) of Transfer of Property Act, 1882 Established Through Agreement and Evidence.

The dispute arose from a loan transaction between the appellant (plaintiff) and the respondent (defendant) in February 1995, where the appellant advan...

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Bombay High Court Allows Petition for Interest on Delayed Deposit of Compensation in Land Acquisition Reference. Petitioner entitled to interest under Section 34 of the Land Acquisition Act, 1894 for delay of about 9 years in depositing compensation after award.

The petitioner, Vasant Balkrishna Wale, filed a writ petition seeking direction for payment of interest on the amount deposited after a period of abou...

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Supreme Court Allows Default Bail Without Deposit Condition in Section 420 IPC Case. Indefeasible Right Under Section 167(2) CrPC Cannot Be Subject to Monetary Conditions Based on Earlier Regular Bail Undertaking.

The appellant was arrested on 31.01.2020 for offences under Section 420 IPC in Crime No.31 of 2019. He was initially granted regular bail by the Magis...

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High Court of Bombay Dismisses Arbitration Petition in Interest on Security Deposit Dispute. Contractual Bar on Interest and Non-Applicability of Section 31(7)(a) Arbitration Act Renders Claim Unsustainable; Arbitrator’s Finding on Evidence Upheld.

The dispute arose from an agreement dated 30 December 1996 between the petitioner, M/s. Mascon Multiservices & Consultants Pvt. Ltd., and the responde...

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Supreme Court Upholds High Court's Decision on Auction Sale: Statutory Violations Render Sale Null and Void. Despite recognizing significant procedural breaches, the Supreme Court offers the appellant a chance to retain the industrial property by settling liabilities.

The legality of an auction sale conducted by the Tahsildar and confirmed by the Additional Collector, which was later contested on the grounds of stat...

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Bombay High Court Dismisses Petitions Challenging RBI Circular Excluding Primary Cooperative Credit Societies from Deposit Insurance Coverage. Circular dated 22.02.2008 Held Valid as It Merely Clarifies Existing Definition Under Section 2(g) of DICGC Act, 1961.

The judgment concerns two writ petitions filed by cooperative credit societies challenging a circular dated 22.02.2008 issued by the Reserve Bank of I...