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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
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Search Results for "IRR"

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High Court

Bombay High Court Grants Summary Judgment in Favor of Plaintiff in Commercial Suit for Recovery of Investment Amount Under Order XXXVII CPC — Defendants Failed to Disclose Triable Issues or Obtain Leave to Defend. The court held that the guarantors are jointly and severally liable for the defaulted investment amount with contractual interest under the investment agreement and guarantee.

29 Aug 2023

The plaintiff, India Realty Excellence Fund II LLP, a limited liability partnership registered as a Category-II Alternative Investment Fund under SEBI...

High Court

Bombay High Court Allows Appointment of Sole Arbitrator in Banking Investment Dispute - Failure of Respondent to Nominate Arbitrator Triggers Court's Power Under Section 11(6) of Arbitration and Conciliation Act, 1996. The court appointed a sole arbitrator to adjudicate disputes arising out of an Agreement dated 18th April, 2018 and Deed of Guarantee dated 18th April, 2018, as the respondent failed to nominate an arbitrator.

17 Jul 2023

The applicant, Kotak Mahindra Bank Ltd., a public company and banking company, filed an application under Section 11(6) of the Arbitration and Concili...

High Court

Bombay High Court Allows Appeals Against Appointment of Court Receiver in Favor of Appellants in Commercial Suits Involving Secured Creditors. Appointment of receiver without notice and without considering secured creditors' rights under SARFAESI Act is unsustainable.

13 Oct 2022

The judgment arises from two commercial appeals filed by Future Corporate Resources Pvt Ltd and Ojas Tradelease And Mall Management Pvt Ltd against or...

Supreme Court

Supreme Court Upholds High Court Order Directing Confirmation of Auction Sale Under Punjab Package Deal Properties (Disposal) Act, 1976. High Court's Intervention Justified as Financial Commissioner's Order Based on Conjectures Without Material Evidence Under Rule 8 of the Rules 1976.

2 Mar 2022

The appeal arose from a judgment of the Division Bench of the High Court of Punjab and Haryana at Chandigarh dated 13 August 2008, which set aside an ...

High Court

Bombay High Court Allows Arbitration Petition and Appoints Sole Arbitrator in Kotak Mahindra Bank Ltd v. Williamson Magor & Co Ltd & Anr — Put Option Agreement Dispute. The court found that a valid arbitration agreement existed based on correspondence and conduct, and appointed a former judge as arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996.

5 Mar 2021

The petitioner, Kotak Mahindra Bank Ltd, filed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking appointment of an...

Supreme Court

Supreme Court Strikes Down Section 87 of Arbitration Act as Unconstitutional — Automatic Stay of Arbitral Awards Revived by 2019 Amendment Held Arbitrary and Violative of Article 14. The court held that the provision reintroducing automatic stay upon filing of a Section 34 application is manifestly arbitrary and contrary to the object of the 2015 Amendment Act.

27 Nov 2019

The judgment concerns a batch of writ petitions challenging the constitutional validity of Section 87 of the Arbitration and Conciliation Act, 1996, i...

High Court

Bombay High Court Sets Aside Arbitral Award in Share Purchase Dispute for Patent Illegality and Perversity. The court found that the arbitrator's interpretation of a condition subsequent in a share purchase agreement was patently illegal and perverse, warranting interference under Section 34 of the Arbitration and Conciliation Act, 1996.

27 Mar 2019

The case involves a challenge under Section 34 of the Arbitration and Conciliation Act, 1996, to an arbitral award arising from a share purchase agree...

High Court

Bombay High Court Upholds Majority Arbitral Award in Share Subscription Dispute — Put Option and Performance Clause Enforceable Despite Foreign Investment Regulations. The court dismissed a challenge under Section 34 of the Arbitration and Conciliation Act, 1996, holding that the award did not contravene FEMA or SEBI regulations and was not against public policy.

11 Dec 2018

This judgment by the Bombay High Court deals with two connected arbitration petitions arising from a share subscription and shareholders agreement dat...

High Court

High Court of Bombay Upholds CLB Order in Oppression and Mismanagement Case — Share Conversion and Board Reconstitution Upheld. The court affirmed that the conversion of preference shares into equity shares under a Share Subscription cum Shareholders Agreement was valid and that the CLB correctly found oppression and mismanagement by the promoters.

7 Jan 2016

The case involves appeals against an order of the Company Law Board (CLB) in a petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of...

High Court

High Court of Bombay Upholds CLB Order in Oppression and Mismanagement Case — Conversion of Preference Shares and Board Reconstitution Upheld. Share Subscription cum Shareholders Agreement and Articles of Association amendments validly passed; conversion of preference shares into equity shares resulting in majority shareholding for investors was lawful.

7 Jan 2016

The case involves appeals against an order of the Company Law Board (CLB) in a petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of...

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