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Bombay High Court Dismisses Petition Challenging SEBI Settlement Regulations and Rejection of Settlement Proposal. Internal Committee's Power to Impose Conditions Precedent Upheld as Valid and Not Ultra Vires.

The petitioners, Abans Enterprises Ltd. and its promoter Abhishek Bansal, challenged the validity of regulations 6(1)(f) and 13(2)(ba) of the Securiti...

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Bombay High Court Allows Writ Petition Challenging Eligibility Condition for Settlement Commission Applications Under Income Tax Act, 1961. The court held that a press release and notification imposing a cut-off date for eligibility to file settlement applications were ultra vires the Act.

The petitioner, a company engaged in sugar and ethanol business, was subjected to a search under Section 132 of the Income Tax Act, 1961 on 25.07.2019...

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Bombay High Court Allows Appeal Under Section 37 of Arbitration Act, Restores Arbitral Award — Holds That Single Judge Erred in Setting Aside Award on Grounds of Patent Illegality and Public Policy. The Court Reinstated the Arbitral Tribunal's Findings on Oral Agreement and Quantum of Damages.

The appellant, Ratnam Sudesh Iyer, filed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 against the judgment of a learned Si...

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High Court of Bombay Disposes of Writ Petitions Challenging Industrial Court's Interim Order in Labour Dispute. Industrial Court Had Stayed Settlement and Directed Interim Wage Increase, Raising Questions on Unfair Labour Practices and Binding Nature of Settlements Under MRTU & PULP Act.

The matter arose from a challenge to an interim order passed by the Industrial Court on 31 July 2017 in a complaint of unfair labour practices under t...

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Bombay High Court Upholds Industrial Tribunal Award Granting Grade Parity to Laboratory Assistants at Research Centre. Historical Parity and Similar Job Functions Justify Equal Classification Under Industrial Disputes Act, 1947.

The judgment involves two writ petitions filed by Hindustan Lever Limited and the Hindustan Lever Research Centre Employees' Union challenging an awar...