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Bombay High Court Hears Suit for Redemption of Pledged Securities After Loan Default; Plaintiffs Abandoned Main Claim of Transfer Agreement. Pledge Agreement Clause 14(ii) Notice and Default by Pledgor Form Core of Dispute Over Shares of Sesa Sterlite.

The suit was filed by Harinarayan G. Bajaj and others against Reliance Capital Limited and Sesa Sterlite Limited. Plaintiffs borrowed a total of Rs.10...

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Supreme Court Dismisses DISCOM's Appeal in Solar PPA Force Majeure Dispute — Restrictive Appellate Jurisdiction Under Section 125 of Electricity Act, 2003 Affirmed. Government Delays in Approvals Constitute Force Majeure; No Tariff Reduction or Liquidated Damages When Developer Not at Fault.

The Supreme Court of India dismissed appeals by Bangalore Electricity Supply Company Limited (BESCOM) against an order of the Appellate Tribunal for E...

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High Court of Karnataka Dismisses Chit Company's Writ Petitions Challenging Arbitration Awards Under Section 34 of Arbitration and Conciliation Act, 1996 — Maintainability of Writ Petitions Against Arbitral Awards Under Section 34 of the Act

The petitioner, M/s Shriram Chits (K) Private Ltd, a chit company, filed multiple writ petitions under Article 226 of the Constitution before the High...

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Supreme Court Hears Appeals Challenging High Court’s Order Dismissing Absorption Claims of Temporary LIC Workers. The Court interprets the compromise reached in earlier SLP and the distinction between absorption and recruitment under the Industrial Disputes Act, 1947.

This group of civil appeals by various employee associations challenged the Delhi High Court's common judgment dismissing their appeals and affirming ...

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Madras High Court Adjudicated a Commercial Suit for Recovery of Chit Maturity Amount Against a Partnership Firm and Partners. The plaintiff claimed the maturity value based on an acknowledgment of liability and promissory estoppel, while the defendants raised a prior suit for injunction and accounts.

The plaintiff, a construction company, filed a commercial suit against a partnership firm (first defendant) and its partners (defendants 2 to 6) for r...

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Bombay High Court on Restrictive Covenants in Redevelopment

The Bombay High Court considered three interim applications arising from a suit between two cooperative housing societies concerni...