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Bombay High Court Allows Appeal Against Injunction on Bank Guarantee Invocation in Contract Dispute. Bank Guarantee is Independent Contract; No Fraud or Irretrievable Injustice Shown.

The appellant, VKE Plumbing Private Limited, was awarded a contract by respondent No.1, Blue Ridge Hotels Private Limited, for plumbing and fire fight...

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NCLAT Dismisses Appeal of Operational Creditor Seeking Performance Pay Under IBC — Claim for Performance Pay Not an 'Operational Debt' Under Section 5(21) of IBC, 2016 as It Is Discretionary and Not Based on Provision of Goods or Services.

The appeal was filed by M. Ramakanth, an operational creditor, against the order of the National Company Law Tribunal, Hyderabad, which dismissed his ...

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High Court of Karnataka Allows Claimants' Appeal in Motor Accident Claim — Compensation Enhanced from Rs.13,36,000 to Rs.14,26,000. Tribunal's application of multiplier of 14 and 40% future prospects upheld; conventional heads increased to Rs.70,000 as per Pranay Sethi.

The appeal was filed by the claimants, legal representatives of deceased Shrishail Kore, challenging the judgment and award dated 31.03.2016 passed by...