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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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High Court of Karnataka Dismisses Writ Petition Challenging Tender Cancellation in Laboratory Equipment Supply Contract. Petitioner failed to establish arbitrariness or mala fides in respondent's decision to cancel tender and issue fresh notification.

The petitioner, V.P. Enterprises, a proprietary concern dealing in laboratory equipment, consumables, and chemicals, filed a writ petition under Artic...

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Bombay High Court Quashes PF Orders for Violation of Natural Justice in M/s Ashmit Motors Case. Orders under Sections 7A and 7B of Employees' Provident Funds and Miscellaneous Provisions Act, 1952 set aside as passed without hearing the establishment.

The petitioner, M/s Ashmit Motors Private Limited, a car dealership, challenged two orders passed by the Assistant Provident Fund Commissioner: (1) an...

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Bombay High Court Dismisses Challenge to LPG Distributor Selection Guidelines and Advertisement. Guidelines Providing for Objective Criteria Including Land Ownership and Financial Capacity Upheld as Valid.

The petitioners, Suresh Pralhad Pawar and Balasaheb Mahadeo Kshirsagar, filed writ petitions challenging the advertisement dated 27th July 2011 issued...

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Bombay High Court Allows Writ Petition Against Indian Oil Corporation for Rejection of Tender Due to Non-Production of Original Fixed Deposit Receipts. The court held that non-production of original documents that are not essential for eligibility should not lead to rejection of a tender application.

The petitioner, Jitendrakumar Asati, applied for a dealership from Indian Oil Corporation Limited (IOCL) pursuant to an advertisement. He submitted al...

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Bombay High Court Allows Writ Petition in Dealer Selection Dispute — Hindustan Petroleum Corporation Directed to Re-evaluate Marks and Conduct Fresh Interviews. Error in weightage of marks and non-compliance with Rule 18 regarding scrutiny by Senior Officer led to defective selection process.

The petitioner, Smt. Bhavna w/o Ganesh Tarvekar, filed a writ petition challenging the dealer selection process conducted by Hindustan Petroleum Corpo...