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Bombay High Court Considers Bank's Claim for Recovery of Dues from Export Company and its Director. Dispute Centers on Alleged Agreement to Debit Cash Credit Account Upon Dishonour of Foreign Bills Purchased Under FBP Facility.

The suit was filed by Bank of India to recover Rs.5,67,332.51 with interest at 19.5% per annum from B.C. Mody Exports P. Ltd. (defendant no.1) and its...

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Bombay High Court Partially Sets Aside Arbitral Award in Shareholder Dispute Over Hotel Company Exit — Holds That Arbitrator Exceeded Jurisdiction by Granting Relief Beyond Scope of Reference and Without Proper Valuation.

The judgment pertains to two Commercial Arbitration Petitions arising from an arbitral award dated 5th April 2016. The petitioners (Panchamias Group a...

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Karnataka High Court Dismisses Petitioner's Challenge to Notification Declaring PFI Unlawful with Immediate Effect under Unlawful Activities (Prevention) Act, 1967. Court Holds That Reasons for Immediate Effect are Sufficiently Disclosed in Notification Itself as Required by Section 3(3) Proviso.

The petitioner, claiming to be the President of Popular Front of India (PFI), filed a writ petition under Article 226 of the Constitution before the H...

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Bombay High Court Allows Revision Against Rejection of Leave to Defend in Summary Suit. Bank Granted Conditional Leave to Defend on Deposit of Rs. 25 Lakhs for Triable Issues Regarding Liability as Mortgagee in Possession Under Order 37 CPC.

The case involves a Civil Revision Application filed by ICICI Bank Limited (the applicant/original defendant No.1) against the order dated 30th June 2...

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Bombay High Court Determines Liability for Removal of Sunken Barge Wreck Under Section 14 of Indian Ports Act, 1908. Supreme Court Had Earlier Remanded the Matter for Deciding Pure Question of Law Regarding Whom Liability Falls Upon for Clearing the Wreckage.

The case involved a writ petition filed by JSW Steel Limited (formerly ISPAT Industries Limited) challenging the suspension of its permission to use M...