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Bombay High Court Allows Appeal in Share Transaction Dispute, Directs Status Quo on Property Pending Suit. Mortgage Deeds and Admitted Defaults Establish Prima Facie Case for Interim Injunction Under Civil Procedure Code.

The appellant, Vidyut Corporation, filed a suit for recovery of Rs.2,75,27,228 against the respondents based on share market and security transactions...

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Bombay High Court Considers Section 34 Petition by State-Owned Oil Corporation to Set Aside Arbitral Award. Petitioner Alleges That Award Is Vitiated by Fraud Due to Non-Disclosure of Corporate Insolvency Proceedings by Respondent Joint Venture.

The matter arose out of a petition under Section 34 of the Arbitration and Conciliation Act, 1996 filed by Hindustan Petroleum Corporation Ltd., a sta...

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Bombay High Court Allows Revenue's Appeal in Section 50C Valuation Dispute, Remands Case for Fresh Adjudication. ITAT's Rejection of Valuation Officer's Report without Hearing Violated Audi Alteram Partem Under Income Tax Act.

The dispute arose from an income tax appeal filed by the Revenue against an order of the Income Tax Appellate Tribunal (ITAT) dated 3 July 2009. The a...

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Karnataka High Court Hears First Appeal Against Dismissal of Suit for Permanent Injunction and Damages in Software Development Contract. Suit Alleged Breach of Implied Contract by C-DAC Following Public Advertisement for Tamil Language Software Tools.

The appellant, M/s. Applesoft, a software development firm, filed a suit seeking a permanent injunction against the respondents, the Centre for Develo...

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Bombay High Court Dismisses Notice of Motion Seeking Interim Relief to Enforce Foreign Judgment — Foreign Judgment Not Deemed Decree Until Suit Decided; No Prima Facie Case for Interim Attachment of Properties.

The plaintiffs, Dhirajlal alias Dhirubhai Babaria and Ashwin alias Ashwinbhai Babaria, both citizens of the United States, filed a suit in the Bombay ...