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Bombay High Court Allows Compounding Application in FEMA Case, Directs RBI to Consider on Merits. RBI's Refusal to Compound Contraventions on Ground of Sensitive Nature Requiring Investigation Set Aside as Unreasoned.

The petitioner, M/s. Brentfield Travels Co. Pvt. Ltd., filed a writ petition under Article 226 of the Constitution of India challenging an order dated...

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Bombay High Court Dismisses Appeal in Derivative Action Suit for Lack of Prima Facie Case and Delay. Minority shareholders failed to establish bonafide action or balance of convenience for interim relief against majority shareholders.

The appellants, Victor Fernandes and others, were minority shareholders in eEighteen.com Limited (defendant No.3), holding about 6.38% equity, while d...

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Bombay High Court Allows Petitioners' Claim for Rental Compensation in Land Acquisition Case. Petitioners Entitled to Rental Compensation Under Government Resolutions for Possession Taken Before Acquisition Proceedings.

The petitioners, including The Ichalkaranji Cooperative Spinning Mills Ltd. and Sou. Kishori P. Awade and others, filed writ petitions challenging a l...