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Bombay High Court Upholds De-freezing of Bank Accounts with Bank Guarantee Condition in Cheating Case. Court holds that Section 102 CrPC freezing cannot be indefinite and must be balanced against right to carry on business, directing furnishing of bank guarantee for de-freezing.

The case involves two applications under Section 482 of the Code of Criminal Procedure, 1973. The first application (APL No.191 of 2024) is filed by t...

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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Bombay High Court Allows Petition Seeking Payment of Insurance Policy Amount to Nominee. LIC Directed to Pay Balance Interest on Delayed Payment Under Life Insurance Policy.

The petitioner, Ashwin Liladhar Shah, filed a writ petition under Article 226 of the Constitution of India seeking a mandamus against the Life Insuran...

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Bombay High Court Allows Petition Challenging Conversion Fees Under Goa Land Revenue Code — Application Date Determines Applicable Rate. Conversion fees must be calculated based on rates prevailing on date of application under Section 32 of Goa Daman and Diu Land Revenue Code 1968, not on date of order.

The petitioner, Dr. Alvaro Alberto Mousinho de Noronha Ferreira, along with co-owners, applied on 08.03.2013 under Section 32 of the Goa Daman and Diu...

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High Court Dismisses Petition Challenging Arbitral Award in Insurance Claim Dispute — Underinsurance Calculation Upheld as Not Perverse. Court finds no patent illegality in tribunal's assessment of 55% underinsurance on replacement value basis.

The petitioner, M/s Lift and Shift India Pvt. Ltd., imported a second-hand crawler crane in 2004 and insured it with the respondent, M/s Iffco Tokio G...