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Bombay High Court Partly Allows Management's Petition in Teacher Termination Case — Full Backwages Denied for Lack of Pleading. Oral Termination Set Aside but Backwages Not Automatic Under Section 5 of Maharashtra Employees of Private Schools (Conditions of Service) Regulation Act, 1977.

The petitioners, Nava Samaj Mandal and Nitin Godiwala Junior College of Commerce, challenged the judgment and order dated 1 October 2021 passed by the...

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Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute — Violation of NSEIL Rules Renders Award Contrary to Public Policy. Trading Member's Squaring Off of Defaulting Client's Position Upheld as Permissible Under Bye-Laws, Award of Damages for Loss of Higher Price Set Aside.

The petitioner, M/s. Ventura Securities Limited, a trading member of the National Stock Exchange of India Ltd. (NSEIL), challenged an arbitral award d...