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Bombay High Court Restrains Encashment of Bank Guarantee in Arbitration Dispute Between Contractor and Sub-Contractor. Court finds that invocation of bank guarantee was fraudulent and would cause irretrievable injustice to the petitioner.

The petitioner, Simplex Infrastructure Limited, a civil and structural construction company, entered into a sub-contract with respondent No. 1, Siemen...

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Gujarat High Court Allows Writ Petition for Temporary Status and Benefits to Ad Hoc Junior Engineers. Kandla Port Trust directed to grant temporary status and consequential benefits including arrears, provident fund, pension, leave, and allowances from 08.08.2005 to 19.04.2012.

The petitioners, four individuals, were initially appointed as ad hoc Junior Engineers (Civil) by the Kandla Port Trust between 1998 and 2000 after fo...

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Bombay High Court Allows Appeal in Bond Trustee Case — Appoints Receiver and Grants Injunction Against Alienation of Assets. Trustee entitled to protect bondholders' interests where corporate debtor defaulted on convertible bonds and attempted to transfer business to related parties.

The Bank of New York Mellon, as trustee for bondholders, filed a suit against Zenith Infotech Ltd. and others after Zenith defaulted on repayment of U...

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Bombay High Court Dismisses Challenge to Nexus Requirement Under Duty Free Credit Entitlement Scheme. Paragraph 3.2.6A of Handbook of Procedures Requiring Nexus Between Imported Goods and Exported Products Held Valid Under Foreign Trade Policy.

The petitioner, Jindal Drugs Limited, an exporter of menthol-based products and a status holder under the Foreign Trade Policy, was granted a Duty Fre...

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High Court of Karnataka Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Error in Multiplier Application. Tribunal's use of multiplier '13' for a 61-year-old claimant was contrary to Sarla Verma v. DTC guidelines; correct multiplier is '9'.

The appeal was filed by the Oriental Insurance Company under Section 173(1) of the Motor Vehicles Act, 1988, challenging the judgment and award dated ...