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Bombay High Court Dismisses Petition Challenging Tender Condition Requiring Minimum Net Worth of Rs. 100 Crore for RTA Empanelment. Condition Held Not Arbitrary or Discriminatory as It Serves Legitimate Purpose of Ensuring Financial Stability and Capacity to Handle Large Volume of Shareholder Data.

The petitioner, Alankit Assignments Limited, a company providing Registrar and Share Transfer Agent (RTA) services, challenged a tender condition issu...

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Bombay High Court Dismisses Petition Challenging LIC's RFP for Registrar and Share Transfer Agent. Court holds that LIC's decision to prescribe minimum net worth of Rs. 300 crores in the RFP is a commercial decision and not arbitrary or discriminatory under Article 14 of the Constitution.

The Petitioner, Alankit Assignments Limited, a company engaged in the business of Registrar and Share Transfer Agent (RTA), filed a Writ Petition unde...

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High Court of Karnataka Quashes Assignment of Stage Carriage Timings Due to External Dictation and Invalid Tribunal Directions. The Tribunal’s General Directions Under Section 90 of the Motor Vehicles Act, 1988 Were Held to Be Without Jurisdiction and Non-Compliance with Natural Justice.

The writ petitions arose from the assignment of timings for stage carriage permits in Udupi district. The petitioner, K. Satish Nayak, an existing sta...

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High Court of Karnataka Quashes RTA Order Rejecting Stage Carriage Permit Applications on Notified Routes — Remands for Fresh Consideration. RTA Must Independently Apply Mind and Not Merely Rely on Objections of State Transport Undertakings Under Motor Vehicles Act, 1988.

The petitioner, Sree Gajanana Motor Transport Company Limited, a stage carriage operator, applied for four stage carriage permits on routes including ...

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Supreme Court Dismisses Appeal Against Cancellation of Stage Carriage Permit for Procedural Irregularity. RTA Must First Determine Need Under Section 47(3) of Motor Vehicles Act, 1939 Before Entertaining Permit Applications for New Routes.

The case involved a challenge to the grant of a stage carriage permit on a new route under the Motor Vehicles Act, 1939. The appellant, an operator, a...

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Bombay High Court Dismisses Appeal Against Rejection of Plaint for Non-Payment of Court Fees in Commercial Suit. Court upholds trial court's order rejecting plaint under Order VII Rule 11(c) CPC for failure to pay deficit court fees within extended time.

The appellant, Nine Media & Information Services Ltd., filed a commercial suit against multiple respondents including Hero Honda Motors Ltd. and other...