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High Court of Karnataka Allows Liquidator's Appeal, Upholds Forfeiture of EMD and PDM for Default by Successful Bidder in Liquidation Sale. Writ Petitioner's Failure to Pay Balance Sale Consideration Within Stipulated Time Justified Forfeiture Under IBC Regulations.

The appellant, Sri Pankaj Srivastava, Liquidator of M/s Samrudhi Realty Ltd., appealed against an order dated 12.12.2024 passed by a learned Single Ju...

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Bombay High Court Adjudicates Writ Petition Challenging Rejection of Tender for Water Supply and Sewerage System in MIHAN Area. The dispute centered on whether loading of service tax on the lowest bid for evaluation purposes was arbitrary and in violation of pre-bid clarifications.

Background: The dispute arose from a tender floated by Maharashtra Airport Development Company Limited (MADC) for the operation and comprehensive main...

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Bombay High Court Dismisses Writ Petitions Against DRT Order in Debt Recovery Case — Bank Entitled to Recover Debt Under RDB Act. DRT Has Inherent Power to Reject Frivolous Counterclaim Without Recording Evidence, and High Court Should Not Interfere When Alternative Remedy of Appeal Exists.

The case involves two writ petitions arising from proceedings before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks and Fin...

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Bombay High Court Allows Enhancement of Compensation in Motor Accident Claim by Treating Petition Under Section 166 Instead of Section 163A of Motor Vehicles Act, 1988. Claimants entitled to just compensation based on actual income and future prospects, not structured formula.

The appellants, being the widow, minor children, and father of the deceased Diwakar Pawade, filed a claim petition under Section 166 of the Motor Vehi...

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Bombay High Court Dismisses Bank's Petition Challenging Banking Ombudsman Award for Wrongful Debit Despite Stop Payment Instructions. Bank's Liability Upheld as Limitation Period Under Banking Ombudsman Scheme 1995 is Directory, Not Mandatory.

The case involves a dispute between Canara Bank (the petitioner) and Shri Uttam Rathod (respondent no.1), a proprietor of M/s. Rishi Impex, who held a...

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High Court of Bombay Dismisses ONGC's Challenge to Arbitral Award in Contract Dispute with Western Geco International Ltd. — Delay in Payment of Mobilization Advance Constituted Breach by ONGC, Entitling Contractor to Damages of US$ 2,936,607.82.

The case involves a challenge by Oil & Natural Gas Corporation Ltd. (ONGC), a public sector undertaking, against an arbitral award dated 4-2-2005 made...

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Bombay High Court Allows JSW Steel's Challenge to Electricity Duty Demand on Captive Consumption. Held that electricity generated from captive power plant and consumed for own use is not 'sold' and thus not exigible to electricity duty under the Bombay Electricity Duty Act, 1958.

The petitioner, M/s. JSW Steel Limited, a company engaged in steel manufacturing, operates a captive power plant (CPP) at its factory in Raigad, Mahar...

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Supreme Court Examines Whether Agreement to Sell Between Landlord and Tenant Terminates Tenancy Under Section 111 Transfer of Property Act. Part Payment of Consideration with Clause for Refund and Restoration of Possession Did Not Evidence Surrender or Cessation of Landlord-Tenant Relationship.

The litigation arose from a dispute over a shop premises in Pune. The original plaintiff, predecessor of the respondents, owned a shop and let it to t...

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Bombay High Court Hears Writ Petition Challenging Constitutional Validity of Section 2(24)(xviii) of Income Tax Act, 1961. Petitioner contended that taxing capital subsidies as income violates Articles 14, 19, 246, 265 and 289 of Constitution; final decision not stated in available text.

Serum Institute of India Private Limited, a biotechnology company manufacturing drugs and vaccines with a plant at Hadapsar, Pune, filed the writ peti...