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Arbitration Battle Over Ganatra Hotels: Panchamias vs. Ganatra Group. Complex Dispute Involving Share Transfers, Valuation Discrepancies, and Legal Contentions Reaches Judicial Review

This case involves two connected Commercial Arbitration Petitions arising from an Arbitral Award dated 5th April 2016. The primary parties are the Pan...

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High Court of Bombay at Goa Partially Allows State Appeal in Land Acquisition Case, Reduces Compensation Rate. Reference Court's enhancement of market value from Rs. 100 to Rs. 350 per sq.mt. set aside; rate reduced to Rs. 200 per sq.mt. based on comparable sale instances.

The case pertains to a State appeal under Section 54 of the Land Acquisition Act, 1894, challenging the Judgment and Award dated 12/03/2007 passed by ...

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Supreme Court Upholds High Court's Rejection of Application Under Order VII Rule 11 CPC in Suit for Damages. Court fees are not payable on a tentative claim at the initial stage when the exact valuation is to be adjudicated later, as per Section 7(i) of the Court Fees Act, 1870 and Order VII Rule 11 CPC.

The dispute arose from a suit filed by the respondent, a retired government officer and advocate, against the State of Punjab and its officers for rec...

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Supreme Court Reverses High Court Judgment in SARFAESI Act Case Due to Non-Compliance and Limitation. Bank's Auction Sale Upheld as Borrower's Challenge Was Time-Barred and Requests Did Not Trigger Statutory Obligations Under Section 13(3A) of SARFAESI Act, 2002.

The dispute arose from proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SAR...

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Bombay High Court Dismisses Application for Recall/Review of Order Allowing Secured Creditor to Release Leasehold Rights. Applicant, an ex-director and guarantor, lacked locus standi as he was not a party to the original application and no fraud or mistake was established.

The judgment concerns an application filed by Mr Shashikant Pasari, an ex-director and guarantor of Rajan (Textile) Mills Pvt Ltd (in liquidation), se...

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Supreme Court Partly Allows Appeals in Land Acquisition Case, Restores Reference Court's Compensation with 10% Development Deduction for Hiwra Dam Project. The Court held that for irrigation projects, development deduction should be minimal and unrebutted expert valuation evidence must be considered.

The appeals arose from land acquisition proceedings for the Hiwra Dam project in Maharashtra. The appellant and respondents No.2 and 3 owned a partner...