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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...

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High Court of Judicature at Bombay Considers Winding Up Petition Based on Alleged Debt Arising Out of F&O Trades; Respondent Disputes Liability and Raises Counter-Claim for Damages

This company petition sought winding up of Prime Broking Company (India) Ltd under the Companies Act, 1956 on the ground of inability to pay debts. Th...

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High Court of Bombay Dismisses Landowner's Challenge to Land Acquisition Award and Possession. Court Holds Notice Under Section 9 Related to Earlier 1987 Acquisition, Not 1998 Notification, and Rejects Limitation Plea as Belated.

The case arose from a writ petition filed by Sidhappa Gurupadappa Bijargi, an agriculturist, challenging land acquisition proceedings initiated by the...

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High Court of Bombay at Goa Delivers Judgment on Writ Petitions Challenging Rejection of GPSC Recommendations for Junior Scale Officer Posts. The Court Examined Whether the Cabinet Decision Was Arbitrary and Violative of Constitutional Guarantees.

The judgment concerns two writ petitions filed before the High Court of Bombay at Goa challenging a Cabinet decision of the Government of Goa. The dis...

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Supreme Court Upholds Validity of Forward Contract Prohibition; Contracts Void Under Section 3 of Travancore-Cochin Public Safety Measures Act 5 of 1950. Pre-Constitution Bill Did Not Require President’s Sanction Under Article 304(b) as No Amendment Covered by Article Was Moved.

The dispute arose from forward contracts for the purchase of coconut oil entered into in 1952 in the former Cochin State. The respondent, a commission...

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Supreme Court Dismisses Appeal Against Grant of Transmission Licence Without TBCB in HVDC Project. Section 63 of Electricity Act, 2003 is an alternative route; regulatory commission has discretion to adopt regulated tariff mechanism for transmission projects.

The case involves a challenge by Tata Power Company Limited Transmission (TPC-T) against the grant of a transmission licence by the Maharashtra Electr...