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High Court of Karnataka Dismisses State's Commercial Appeal, Upholds Arbitral Award in ICT Project Dispute — Termination Found Unlawful. Composite Contract and Direct Nexus Between State and Consortium Rendered Claim Maintainable, and Arbitral Award of Rs.178.98 Crores Not Against Public Policy.

The appeal arises from an arbitral award of Rs.178,98,38,525 in favour of respondent No.1, a consortium partner, against the State of Karnataka for wr...

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Supreme Court Upholds Life Imprisonment for Appellant in Murder and Robbery Case Based on Circumstantial Evidence. Recovery of Stolen Property and Weapon from Accused, Coupled with Conspiracy Evidence, Completed Chain of Circumstances.

The appellant, Sonu @ Sunil, along with four others, was tried for the murder of Bharosilal and robbery of gold and silver jewellery and two mobile ph...

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Bombay High Court Dismisses Civil Revision Application in Eviction Case — Subletting and Acquisition of Alternate Accommodation Established. Decree confirmed under Section 13(1)(e) and 13(1)(l) of Bombay Rents, Hotel and Lodging House Rates Control Act, 1947.

The applicants, claiming to be tenants of the respondents, were involved in two suits: one filed by the applicants for declaration and injunction (R.A...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case Regarding Redemption Fine as Business Expenditure. Redemption fine of Rs. 75,00,000 paid for unauthorized import of almonds held allowable as business expenditure under Section 37 of the Income Tax Act, 1961.

The appeal was filed by the Principal Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal (ITAT) which allowed the asses...

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Bombay High Court Allows Revision Against Rejection of Leave to Defend in Summary Suit. Bank Granted Conditional Leave to Defend on Deposit of Rs. 25 Lakhs for Triable Issues Regarding Liability as Mortgagee in Possession Under Order 37 CPC.

The case involves a Civil Revision Application filed by ICICI Bank Limited (the applicant/original defendant No.1) against the order dated 30th June 2...

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Bombay High Court Delivers Oral Judgment on Petitions Challenging SEBI's Show Cause Notices to Auditors of Satyam Computers. Question of SEBI's Jurisdiction under Sections 11, 11B, and 11(4) of SEBI Act Raised in Wake of Satyam Fraud Disclosure.

The matter arose from writ petitions filed by Price Waterhouse & Co. and other chartered accountant firms along with individual partners challenging t...