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High Court Dismisses Arbitration Petition Challenging Award Under Arbitration and Conciliation Act, 1996 -- MOU Found Not Amenable to Specific Performance Due to Third-Party Litigation

The High Court dismissed an Arbitration Petition challenging an Arbitral Award that rejected claims for specific performance of a Memorandum of Unders...

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National Company Law Appellate Tribunal Dismisses Appeals by Suspended Director Challenging Withdrawal of CIRP Application Under Section 12A of IBC -- Orders Permitting Withdrawal and Deletion of Suspended Management Upheld

The National Company Law Appellate Tribunal dismissed Appeals by Appellant, Suspended Director, against orders of the Adjudicating Authority related t...

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High Court of Bombay at Nagpur Quashes Rejection of Techno-Commercial Bid in Tender Matter — Petitioner's Bid Rejected Due to Encumbrance on Leased Land, Court Finds Rejection Arbitrary and Directs Reconsideration

The petitioner, Tara Chand Infralogistic Solutions Limited, challenged the rejection of its techno-commercial bid submitted in response to a Notice In...

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High Court of Bombay Dismisses Appeal in Commercial Dispute Over Arbitral Award on Repairs and Interest. The court upheld the Single Judge's order setting aside findings on repairs as perverse and reduced interest rate from 18% to 9% per annum.

The appeal under Section 37 of the Arbitration and Conciliation Act, 1996, was filed by Interocean Shipping (India) Pvt Ltd against an order of the le...

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Bombay High Court Allows Quashing of Trial Court Order in NI Act Case — Objections to Marking of Documents Must Be Decided Then and There. Trial Court's Deferral of Objections to Final Stage Held Contrary to Law Under Section 138 of Negotiable Instruments Act, 1881.

The applicants, M/s. Nexus Minmet Merchandising Private Limited and its directors, were facing a complaint under Section 138 of the Negotiable Instrum...

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Bombay High Court at Goa Directs Strict Environmental Compliance in Vasco City Pollution Case. Court applies precautionary principle and public trust doctrine to prevent atmospheric pollution from coal and iron ore handling.

The judgment arises from a Suo Motu Writ Petition initiated by the Bombay High Court at Goa based on a letter from the Goa Citizens' Watch Dog Associa...

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Bombay High Court Allows Writ Petition Against Sales Tax Auction of Property Already Secured Under SARFAESI Act. Securitisation Act Overrides State Revenue Recovery Laws Under Section 35, and Sale Must Be Conducted by Secured Creditor.

The petitioners, Viraat Ispat Limited and another, challenged an auction notice dated 13 September 2011 issued by the Assistant Commissioner of Sales ...