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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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Bombay High Court Dismisses Widow's Claim Over Shares in Favor of Nominee Under Section 109A Companies Act — Nomination Confers Beneficial Ownership on Nominee to the Exclusion of Legal Heirs

The plaintiff, Harsha Nitin Kokate, married Nitin Kokate on 3 December 2004. Her husband expired on 5 July 2007. Nitin Kokate held shares in a demat a...

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High Court of Karnataka Allows Board's Appeal in Land Acquisition Dispute — Directs Payment of Allotment Rate Instead of Development Cost. The court held that the Board's policy of charging allotment rate for industrial plots is valid and the writ court erred in directing payment of development cost.

The Karnataka Industrial Area Development Board (Board) appealed against the order of a learned Single Judge in W.P.Nos.24701-702/2012, which directed...

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High Court of Karnataka Kalaburagi Bench Hears Batch of Writ Petitions Challenging Amendments to Karnataka Agricultural Produce Marketing Act. Petitioners Seek Declaration that Deletion of 'Trader' from Section 72 and Insertion of Rule 76-A are Unconstitutional.

The present proceedings comprised a batch of writ petitions filed before the High Court of Karnataka, Kalaburagi Bench, under Articles 226 and 227 of ...

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Bombay High Court Adjudicates Enforcement of Foreign Arbitral Award in Joint Venture Dispute. Petition Seeks Enforcement Under Section 48 of Arbitration Act; Allegations Include Breach of JVA and Conflict of Interest.

The petitioner, an Italian company engaged in cable manufacturing, entered into a Joint Venture Agreement dated 19th January 2010 with the respondents...