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Bombay High Court Dismisses Appeals Against Arbitral Award in Partnership Dispute — Upholds Valuation Based on Book Value as Per Partnership Deed. Clause-11 of Partnership Deed Mandates Asset Valuation on Book Value Basis, Not Market Value, Under Section 48 of Indian Partnership Act, 1932.

The case involves two appeals filed by Dr. Vijaypat Singhania and others (Appeal No. 361 of 2010) and Dr. Gaur Hari Singhania and others (Appeal No. 5...

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High Court of Bombay at Goa Upholds Enhanced Compensation for Land Acquired for Tillari Irrigation Project — Market Value Fixed at Rs. 200 per sqm Based on Comparable Sale Deed. Claimants' Appeal for Further Enhancement Dismissed as Reference Court's Deduction of 20% for Development Was Reasonable.

The judgment arises from two cross-appeals challenging the Award dated 15th September 2005 passed by the Additional District Judge, Fast Track Court, ...

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Supreme Court Dismisses Telecom Company's Claim for Refund of Entry Fee After 2G Licences Quashed Due to Illegal Government Policy. Restitution Under Section 65 of Indian Contract Act, 1872 Denied as Quashing Did Not Render Contracts Void, and Set-Off Policy Upheld Under Article 14 of Constitution.

The dispute involved a telecom company seeking a refund of an Entry Fee of Rs 1454.94 crores paid for 2G licences across twenty-one service areas, aft...

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Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

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Bombay High Court Upholds Petitioner Company in Reduction of Share Capital Case Under Sections 100-104 of Companies Act, 1956. Court-Ordered Valuation Found Plausible; Minority Objectors Failed to Prove Unfairness.

Cadbury India Limited filed a petition under Sections 100 to 104 of the Companies Act, 1956, seeking sanction of a special resolution for reduction of...

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Bombay High Court Dismisses Writ Petitions Challenging Rejection of Bids in Tender Process for Supply of Medical Equipment. Court upholds rejection of bids as non-responsive for not meeting essential condition of being Original Equipment Manufacturer or authorized representative.

The petitioner, Larsen & Toubro Limited, filed two writ petitions challenging the rejection of their bids by the State of Maharashtra and the Project ...

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Bombay High Court Allows Writ Petition Challenging Arbitrary Cancellation of Tender Award. State Warehousing Corporation's Cancellation of Contract Without Reasons or Hearing Held Unreasonable.

The petitioner, M/s Bhagwati Builders, a proprietary concern of Vijay Agrawal, participated in a tender issued by Respondent No.1, Maharashtra State W...