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Bombay High Court Dismisses Section 9 Arbitration Petition and Winding Up Petition Against Corporate Debtor — No Prima Facie Case for Interim Relief or Insolvency as CDR Scheme Was Under Consideration and Debt Was Not Clearly Due.

The petitioner, Tata Capital Financial Services Ltd., a non-banking financial company, granted a term loan of Rs. 50 crores to the first respondent, U...

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Bombay High Court Dismisses Promoter's Challenge to Pledge of Shares During Lock-In Period — Pledge Held Valid as Lock-In Restricts Transfer of Title, Not Interest. Court Rules That Pledge Under Section 172 of Contract Act Does Not Violate SEBI ICDR Regulations, 2009.

The plaintiff, Kannan Vishwanath, a promoter and managing director of Dr. Datson Labs Limited, filed a suit and notice of motion seeking a declaration...

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Bombay High Court at Goa Acquits Accused in Murder Case Due to Lack of Credible Evidence and Unreliable Circumstantial Links. Conviction under Section 302 IPC Set Aside as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

The appellant, Manohar Ketkar, was convicted by the Additional Sessions Judge, Mapusa, for the murder of his wife Manisha under Section 302 IPC and se...

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Conditional Guarantee Found Inoperative in Absence of CDR Approval. No life to a contract where pre-conditions remain unmet, rules Bombay High Court.

The suit revolves around whether the Deed of Guarantee executed by the plaintiff, Mr. Deepen Arun Parekh, became operative. The court held that the gu...

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Madras High Court Acquits Accused in Kidnapping for Ransom Case Due to Lack of Evidence and Unreliable Witnesses. Conviction Under Section 364A IPC Set Aside as Prosecution Failed to Prove Demand for Ransom and Relied on Uncorroborated Extra-Judicial Confessions and Unreliable Dying Declaration.

The case pertains to the kidnapping and murder of one Suresh Kumar, a financier, on 19.08.2015. The deceased was last seen on that day and his dead bo...

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Bombay High Court Quashes Trial Court Order Directing Preservation of CDR/SDR Records in Corruption Case — Application Lacked Specific Grounds and Was Aimed at Exerting Pressure on Investigating Officer.

The State of Maharashtra, through the Police Inspector of ACB, Aurangabad, filed a Criminal Writ Petition under Article 227 of the Constitution challe...

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Bombay High Court Dismisses Petitions Challenging AAIFR Order Rejecting Revival Scheme for Sick Company Under SICA. The court held that the AAIFR's findings on non-compliance and lack of feasibility were based on evidence and not perverse, thus no interference under Article 226 was warranted.

This group of writ petitions challenges a common order dated 28/5/2010 passed by the Appellate Authority for Industrial and Financial Reconstruction (...