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Bombay High Court Dismisses Arbitration Petition Challenging Award on Share Sale Proceeds. Court upholds arbitrator's finding that petitioner signed mandate letter for sale of shares and loan repayment, rejecting allegations of fraud and forgery.

The petitioner, Jackie Kukubhai Shroff, and the respondent, Ratnam Sudesh Iyer, were shareholders in Atlas Equipfin Pvt. Ltd. (Atlas), which held shar...

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Bombay High Court Dismisses Bank's Petition Challenging Arbitral Award in Counter Guarantee Dispute. Claim Barred by Limitation and Failure to Prove Invocation of Guarantee.

The petitioner, Punjab and Maharashtra Co-op. Bank Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging ...

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Supreme Court Allows Appeal of Zila Parishad in Regularization Case — Contractual Driver Not Entitled to Permanency Despite Long Service. Initial Appointment Was Temporary and Stopgap, No Right to Regularization Arises from Continued Engagement on Contractual Basis.

The Supreme Court allowed the appeal filed by the Chief Executive Officer, Zila Parishad, Thane, against the judgment of the Bombay High Court which h...

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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Supreme Court Dismisses Appeal of Company Secretary for Lack of Requisite Experience. Experience as Management Trainee or Assistant Company Secretary Cannot Be Counted as Experience 'as' Company Secretary for Eligibility.

The appellant, Ritu Bhatia, applied for the post of Company Secretary with Central Railside Warehouse Company Limited, which required five years' post...