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High Court of Karnataka Considers Quashing of Criminal Proceedings for Offences of Forgery and Cheating in Property Dispute; Private Complaint Alleged to Mirror Civil Suit for Possession

The High Court of Karnataka, Dharwad Bench, dealt with a criminal petition filed under Section 482 of the Code of Criminal Procedure, 1973 (Cr.P.C.) s...

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Supreme Court Allows Appeal in Part in Foreign Currency Arbitral Award Enforcement Case. Twin Principles Laid Down: Date of Enforceability for General Conversion, Date of Deposit for Amounts Deposited in Court.

The Supreme Court addressed the issue of the correct date for converting a foreign currency arbitral award into Indian rupees for enforcement. The app...

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Bombay High Court Dismisses Petition Challenging LIC's RFP for Registrar and Share Transfer Agent. Court holds that LIC's decision to prescribe minimum net worth of Rs. 300 crores in the RFP is a commercial decision and not arbitrary or discriminatory under Article 14 of the Constitution.

The Petitioner, Alankit Assignments Limited, a company engaged in the business of Registrar and Share Transfer Agent (RTA), filed a Writ Petition unde...

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CIVIL REVISION APPLICATION NO. 427 OF 2009

The case concerns eviction proceedings initiated by the Life Insurance Corporation of India (LIC) against the occupant, Niloufer Marshall, in respect ...

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Bombay High Court Dismisses PIL Seeking Regulation of Time Share Companies as Collective Investment Schemes Under SEBI Act. Court Holds That Time Share Arrangements Do Not Constitute Collective Investment Schemes and That Grievances Are Contractual in Nature.

The petitioner, M/s Securities & Time Share Owners Welfare Association, filed a public interest litigation seeking a direction to the Securities and E...

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NOTICE OF MOTION COMMERCIAL DIVISION NO. 196 OF 2018

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High Court of Karnataka Dismisses Appeal by Exporter in Insurance Claim Dispute — Policy Condition Precedent Not Fulfilled. Failure to Obtain Prior Written Consent from ECGC for Extended Credit Terms Bars Recovery Under Section 13(1-A) of Commercial Courts Act, 2015.

The appellant, Prakruthi Products Pvt. Ltd., an exporter of herbal extracts, held an insurance policy with the Export Credit Guarantee Corporation of ...