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Bombay High Court Dismisses Writ Petition Challenging Reduction of Sick Leave by IDBI Bank. The court held that the reduction of sick leave from 540 to 360 days was a valid policy decision and not arbitrary under Article 14 of the Constitution of India.

The petitioner, All India IDBI SC,ST,Nav Buddhist and OBC Officers' Welfare Association, filed a writ petition under Article 226 of the Constitution o...

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Bombay High Court Allows Summary Judgment in Favor of Asset Managers in Commercial Paper Recovery Suit Despite Pending SICA Appeal. The court held that Section 22 of SICA does not bar recovery suits where BIFR has declined registration, and the defendant failed to raise any triable issue.

The plaintiffs, Pramerica Asset Managers Pvt. Ltd. and others, filed two summary suits against Deccan Chronicle Holdings Ltd. for recovery of Rs. 25 c...

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Bombay High Court Dismisses Stay Application in Arbitration Matter — Consent Order Not Stayed as No Prima Facie Case Made Out. Court held that a consent order passed under Section 9 of the Arbitration and Conciliation Act, 1996 cannot be stayed unless fraud or lack of jurisdiction is shown.

The petitioner, Tata Capital Financial Services Limited, a non-banking finance company, had sanctioned an invoice discounting facility of Rs. 20,00,00...

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Bombay High Court Allows Winding Up of S. Kumars Nationwide Ltd. for Inability to Pay Debts. Multiple financial creditors and operational creditors successfully proved the company's insolvency under Sections 433(e) and 434 of the Companies Act, 1956.

The judgment concerns a batch of company petitions filed by various financial creditors and operational creditors seeking the winding up of S. Kumars ...

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Bombay High Court Dismisses Claims for Damages Against Plaintiff for Wrongful Arrest of Cargo in Admiralty Suit — Undertaking Under Rule 941 of Bombay High Court (OS) Rules Not Enforceable After Suit Withdrawal Without Adjudication on Merits.

The Plaintiff, Navbharat International Ltd., filed an admiralty suit and obtained an ex-parte order dated 12th January 2010 for arrest of cargo on boa...

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Bombay High Court Dismisses Petition Challenging Retirement Age Reduction by National Textile Corporation. Division Bench precedent upholding rollback from 60 to 58 years held binding.

The petitioners, three employees of India United Mills prior to its nationalization under the Sick Textile Undertakings (Nationalization) Act, 1974, c...

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High Court Dismisses Writ Petition Challenging Dismissal of Bus Conductor for Habitual Absence. Past Punishments for Similar Misconduct Justify Dismissal Under Standing Orders Clause 20(f) of BEST Undertaking.

The petitioner, Mr. Balasaheb Madhukar Bende, was appointed as a bus conductor by the BEST Undertaking (Respondent No.1) on 5 April 1989. He remained ...

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Bombay High Court Allows Writ Petition Challenging Electricity Disconnection of Sick Industrial Company. Government's Communication to MSEDCL to Disconnect Supply Set Aside as Violative of Natural Justice and Contrary to BIFR Directions.

The petitioner, Goradia Special Steels Ltd., a company incorporated under the Companies Act 1956, is a sick industrial company registered with the Boa...