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Bombay High Court Hears Chamber Summons Filed by Defendant for Return of Plaint in Suit for Damages Under Lease Agreement. Application Seeks Transfer to Chennai Court Citing Exclusive Jurisdiction Clause; Court Also Considers Limitation and Cause of Action.

The matter pertained to a chamber summons filed by the defendant in a suit for damages. The defendant, Integrated Finance Co. Ltd., sought return of t...

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Bombay High Court Dismisses Criminal Application for Quashing Summons in Security Guards Act Violation. Allegations Against Officers as Principal Employers Prima Facie Disclose Offence Under Clause 42 of Maharashtra Private Security Guards Scheme, 2002.

The matter arose from a criminal complaint filed by Inspector R.D. Khanorkar under the Maharashtra Private Security Guards (Regulation of Employment a...

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Bombay High Court Hears Company Petition for Sanction of Scheme of Arrangement and Reduction of Share Capital. Petition Seeks to Restructure Debts and Reduce Capital Under Sections 391, 392, and 102 of the Companies Act, 1956.

This matter pertains to a company petition filed by Sharp Industries Limited under Sections 391-394 of the Companies Act, 1956, seeking sanction of a ...

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High Court of Bombay Orders Partial Release of Goods from Court Receiver's Custody in Section 9 Arbitration Petition. Goods Not Included in Petitioner's Claim List Released on Petitioner's Consent, Pending Determination of Third-Party's Bona Fide Purchaser Status.

JSW Steel Limited entered into a Franchise Agreement dated 1 July 2018 with three sister concerns (Delta Iron & Steel Co. Pvt. Ltd., Yatin Steels Indi...

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High Court of Judicature at Bombay Hears Appeals Against Issuance and Non-Cancellation of Non Bailable Warrant in MPID Act Case. Director Challenges Jurisdiction and Procedure of NBW Issued by Special Court Despite Prior Appearance Through Counsel in Attachment Proceedings.

The appellant, a former non-executive director of National Spot Exchange Limited (NSEL) and resident of the United States, challenged the issuance of ...

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Bombay High Court Dismisses Challenge to Amendment of Section 88 of Maharashtra Co-operative Societies Act, 1960. Insertion of Third and Fourth Provisos Permitting Government Extension of Time for Inquiry Against Delinquent Promoters is Constitutionally Valid and Not Retrospective Penal Legislation.

The dispute arose from an inquiry under Section 88(1) of the Maharashtra Co-operative Societies Act, 1960 initiated against former directors of the Ma...

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Bombay High Court Dismisses Revenue's Appeal on Deemed Dividend Under Section 2(22)(e) of Income Tax Act, 1961. Loan to Taxpayer Company Not Deemed Dividend as Taxpayer Was Not Shareholder in Creditor Companies and Payment Was Not to Concern of Common Shareholder.

The appeal before the Division Bench of the Bombay High Court arose from an order of the Income Tax Appellate Tribunal (ITAT), which had confirmed the...

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High Court of Bombay Upholds Maintainability of Suit on Valuation for Court Fee and Jurisdiction in Patent Ownership Dispute. Suit Valuation at Plaintiff's Discretion Under Sections 8 and 9 Bombay Court Fees Act, 1959, Cannot Be Overruled Absent Evidence of Incorrect Valuation.

The suit was filed by Jer Rutton Kavasmaneck and another against Gharda Chemicals Ltd. and others seeking declarations, injunctions, and accounts rega...

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Supreme Court Partially Allows Appeal in Mortgage Accounting Suit; Usurious Loans Act Not Applicable as Mortgage Executed Before Its Extension to Cantonment Area.

The dispute arose from a usufructuary mortgage executed on 14 July 1933 by four mortgagors in favour of one Khanmull over a property in the Cantonment...