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Bombay High Court Dismisses Writ Petition Challenging RBI Circular on Resolution of Stressed Assets. Circular dated 12.02.2018 held to be valid and within RBI's powers under Sections 35A and 35AB of the Banking Regulation Act, 1949.

The petitioners, Jayaswal Neco Industries Limited and Jayaswal Holdings Private Limited, filed a writ petition under Article 226 of the Constitution o...

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Bombay High Court Allows Section 9 Petition for Interim Relief in Family Settlement Dispute. Court grants status quo order to protect assets pending arbitration under family settlement agreement.

The petitioner, Mukesh J. Shah, filed an Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim relief pe...

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Supreme Court Sets Aside NCLT and NCLAT Orders in Insolvency Matter Due to Reliance on AI-Hallucinated Precedents. The Court held that judgments based on non-existent, AI-generated fake material cannot be sustained and reaffirmed the necessity of human oversight in judicial adjudication.

The Supreme Court dealt with a civil appeal arising from an NCLT order that had been upheld by the NCLAT. The Court found that the NCLT had relied on ...

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Karnataka High Court Dismisses Writ Appeals Challenging Reservation in Promotion for Hyderabad-Karnataka Region Under Article 371J. The Court Held That Article 371J(1)(b) and (c) Include Reservation in Promotion for Local Candidates in Public Services.

The appellants, Smt. A.S. Vimalakshi and Sri R. Shivakumar, were employees of the Karnataka Legislative Assembly Secretariat. They filed writ petition...

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High Court of Karnataka Acquits Accused in Rape Case Due to Inconsistent Evidence and Lack of Corroboration. Conviction under Section 376(2)(f) IPC set aside as prosecutrix's testimony was unreliable and medical evidence did not support rape.

The appellant, Rajesh @ Venkatesha @ Raja @ Raju, was convicted by the District and Sessions Judge, Kodagu, Madikeri, in Sessions Case No.58/2006 for ...

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High Court of Karnataka Allows Second Appeal in Execution Petition — Limitation for Appeal Under Section 100 CPC Not Applicable to Orders Under Order 21 Rule 32 CPC. First Appellate Court Directed to Consider Condonation of Delay Application on Merits Before Dismissing Appeal as Time-Barred.

This second appeal was filed by the decree-holder in HRC 4/78 against the rejection of his execution petition in Exn.P.162/90 and the judgment of the ...

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High Court of Judicature at Bombay Allows Section 11 Arbitration Petition for Appointment of Arbitrator in Dispute Over Agreement for Sale. Arbitration Agreement in Article 13.2 of Agreement for Sale Dated November 16, 2019, Confers Jurisdiction on the Court

The petition was filed by Abhay Damodar Kanhere against Morya Infraconstruct Pvt. Ltd. under Section 11 of the Arbitration and Conciliation Act, 1996,...

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High Court of Judicature at Bombay Delivers Oral Judgment in Section 9 Arbitration Petition Involving Concession Agreement for Restaurant Operation. Dispute Pertains to Interim Measures Sought in Connection with a Seven-Year Concession Agreement for a Restaurant at Juhu Airport.

The High Court of Judicature at Bombay heard an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996, filed by M/s. Surv...

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Supreme Court Dismisses Revenue’s Appeal, Holding Compensation for Partial Termination of Agency is Capital Receipt. Termination of Agency for Territory Outside Hyderabad State Results in Sterilisation of Capital Asset, Not Taxable as Business Income Under Indian Income-tax Act, 1922.

The dispute arose from the income tax assessment of Messrs. Vazir Sultan & Sons, a registered firm, for the assessment year 1951-52. The firm was appo...