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Bombay High Court Dismisses Winding-Up Petition in Company Dispute Over Back-to-Back Payment Clause. Payment Obligation Conditioned on Receipt from HAL, Not Absolute Debt, Hence Bona Fide Dispute Exists.

The petitioner, Tata Advanced Materials Ltd., filed a company petition under Sections 433 and 434 of the Companies Act, 1956, seeking winding up of th...

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Bombay High Court Dismisses Appeal Against Arrest of Vessel in Admiralty Suit for Maritime Claim Under Charterparty. Court Holds That Dispute Regarding Existence of Intermediary Charterer Does Not Defeat Plaintiff's Prima Facie Case for Arrest of Vessel.

The appellants (Defendants 1 and 2) challenged the order of the learned single Judge of the Admiralty Court dated 19 October 2011, which dismissed the...