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Bombay High Court Dismisses Winding-Up Petition by Deutsche Bank Against Finolex Industries Under Section 433(e) Companies Act, 1956 — Disputed Derivative Transaction Debt Precludes Summary Winding-Up. Court Holds That Winding-Up Petition Is Not a Debt Recovery Mechanism and Dismisses Petition with Costs.

The judgment arises from a Company Petition filed by Deutsche Bank AG, Mumbai Branch, seeking winding-up of Finolex Industries Limited under Section 4...

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Bombay High Court Allows State's Petition in Service Law Transfer Case — Midterm Transfer of Deputy Collector Upheld. Transfer Order Approved by Chief Minister Is Valid and Does Not Require Prior Hearing Under Maharashtra Government Servants (Transfer) Rules, 2003.

The State of Maharashtra, through the Principal Secretary (Housing Department) and others, filed a writ petition challenging the judgment dated 13 Oct...

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Bombay High Court Reconsiders Interim Directions on River Bed Use for Warkari Pilgrims in Manual Scavenging PIL. Environmental Protection vs Religious Practices - Court to Modify Order Dated 24th December 2014 Based on NEERI Recommendations.

This is a public interest litigation concerning manual scavenging, but the present order deals with interim directions regarding the use of the river ...

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Bombay High Court Quashes Reopening Notices Under Section 148 of Income Tax Act for Lack of Fresh Material. Reassessment Based on Change of Opinion Without New Tangible Material is Invalid.

The petitioner, M/s. Alliance Space Pvt. Ltd., a company engaged in property development, challenged two notices dated 24th March 2015 and 29th March ...

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Bombay High Court Allows Summary Judgment in Favor of Asset Managers in Commercial Paper Recovery Suit Despite Pending SICA Appeal. The court held that Section 22 of SICA does not bar recovery suits where BIFR has declined registration, and the defendant failed to raise any triable issue.

The plaintiffs, Pramerica Asset Managers Pvt. Ltd. and others, filed two summary suits against Deccan Chronicle Holdings Ltd. for recovery of Rs. 25 c...

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Bombay High Court Quashes Work Order in Public Tender Dispute Due to Arbitrary Evaluation and Non-Compliance with Tender Conditions. Court holds that the respondent authority's failure to adhere to the stipulated tender conditions and its arbitrary evaluation of bids vitiates the award of the work order.

The petitioner, M/s. Hitech Audio Systems Pvt. Ltd., challenged a work order issued by the 2nd respondent, the Chief Engineer (Electrical) of the Publ...