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Bombay High Court Allows Landlord's Petition in Tenancy Dispute — Purchase Declared Ineffective Due to Tenant's Default in Payment of Instalments. MRT's Condonation of Delay Without Proper Opportunity to Oppose Set Aside.

The case involves agricultural lands owned by the petitioners (landlords) which were let out to the deceased respondent no.1 (tenant). The tenant was ...

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Bombay High Court Upholds Restoration of Winding Up Petition and Appointment of Official Liquidator in Consent Terms Default Case. Clause 4 of consent terms provided for automatic appointment of Official Liquidator on two consecutive defaults, and subsequent MoU did not supersede the consent terms.

The respondent, Wall Street Finance Ltd., filed Company Petition No.298 of 1997 against M/s. Corporate Couriers Ltd. and others (the appellants) for w...

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Bombay High Court Dismisses Appeal by Financial Institution in Suit for Recovery of Money Due to Failure to Prove Loan Agreement and Liability of Promoters. Equity Participation by Appellant Did Not Create a Debtor-Creditor Relationship with Respondents.

The appellant, EDC Limited, a financial institution, filed a suit for recovery of Rs. 17,50,000/- with interest against the respondents, M/s. GKB Opht...

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High Court of Bombay at Nagpur Dismisses Bank's Revision Against Rejection of Plaint in Suit Challenging SARFAESI Action — Civil Court Has Jurisdiction to Entertain Suit Alleging Violation of RBI Guidelines and Fraud.

The case involves a civil revision application filed by Bank of Baroda (applicant/original defendant) challenging an order dated 26/04/2018 passed by ...

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Supreme Court Allows Appeal in IBC Section 7 Case — NCLT Cannot Dismiss Petition Without Applying Mind to Merits. Adjudicating Authority Must Determine Default and Admit or Reject Petition Under Section 7, Not Direct Settlement Without Considering Individual Claims.

The present appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) arises from a judgment of the National Company Law Appellate Tri...

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Bombay High Court Dismisses ICICI Bank's Intervention Application in Winding-Up Petition. ICICI Bank's claim not yet due and it is otherwise sufficiently secured; application held premature and aimed at defeating resolution of BNYM's claim.

The applicant, ICICI Bank Limited, sought to be impleaded as a respondent or alternatively to intervene in a company application filed by The Bank of ...

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Bombay High Court Quashes Cancellation of Plot Allotment and Forfeiture of Earnest Money by MIDC for Violation of Natural Justice. Allotment Cancelled Without Show Cause Notice Held Illegal Under Terms of Allotment Letter and Principles of Natural Justice.

The petitioner, M/s. Magma Agro Products Pvt. Ltd., a registered private limited company engaged in manufacturing agro-based products, applied to the ...