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Bombay High Court Grants Interim Relief Under Section 9 of Arbitration Act for Non-Issuance of Shares Despite Investment. Court Restrains Alienation of Property Released from Mortgage Using Petitioner's Funds Pending Arbitration.

The petitioner, Manmohan Kapani, a 90-year-old US resident, invested USD 1 million in Kapani Resorts Pvt. Ltd. under a Share Subscription and Sharehol...

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Bombay High Court Upholds Interim Injunction in Shareholder Dispute Over Share Transfer Agreement — Agreement dated 14th June 2019 Held Valid and Enforceable.

The dispute arises out of a Share Purchase Agreement dated 14th June 2019 between the Kamdar Group (appellants) and the Sanghvi Group (respondents) fo...

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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act for Lack of Failure to Disclose Material Facts. Reassessment after four years barred unless Revenue shows assessee failed to fully and truly disclose all material facts.

The petitioner, Bhavani Gems Private Limited, challenged a notice dated 30.03.2021 issued under section 148 of the Income Tax Act, 1961 for reopening ...

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Bombay High Court Dismisses Winding Up Petitions Against GOL Offshore Ltd. Due to Bona Fide Dispute and Absence of Commercial Insolvency. Debt Not Due and Payable Under Section 433(e) of Companies Act, 1956.

The judgment concerns two winding up petitions filed by Export-Import Bank of India and Punjab National Bank (International) Ltd. against GOL Offshore...

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Bombay High Court Dismisses Petition Challenging Amendment to Increase Membership Strength of Cooperative Society. The amendment to increase membership beyond 50 was allowed by the Divisional Joint Registrar under Section 152 of the Maharashtra Cooperative Societies Act, 1960.

The petitioners, who were members of a cooperative society, challenged an order dated 25.02.2002 passed by the Divisional Joint Registrar, Cooperative...

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Bombay High Court Dismisses Petition Challenging Amendment to Increase Membership Strength of Cooperative Society. The amendment to increase members beyond 50 was upheld by the Divisional Joint Registrar under Section 152 of the Maharashtra Cooperative Societies Act, 1960.

The petitioners, who were members of a cooperative society, filed a writ petition challenging an order dated 25.02.2002 passed by the Divisional Joint...