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Supreme Court Upholds Arbitral Award: Joint and Several Liability in Stock Trading Dispute. Oral Agreement Binding in Arbitration: Bombay Stock Exchange Bye-laws Interpreted.

The Supreme Court allowed the appeal, setting aside the High Court’s order and reinstating the arbitral award in its entirety. The Court held that:a...

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NSEL Scam: High Court Upholds Special Court’s Power to Summon Additional Accused Under Section 190 CrPC – NSEL’s Application Maintainable Despite Being an Accused

Bombay High Court Clarifies Scope of Section 190 CrPC in MPID Act Cases – Accused Can Seek Impleadment of Other Accused at Pre-Trial Stage The&...

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Supreme Court Quashes Arbitrator Appointment: Non-Arbitrable Disputes Governed by Statutory Jurisdiction. Disputes under the Payment of Wages Act and Industrial Disputes Act held non-arbitrable; High Court order reversed with costs imposed on the respondent.

The Supreme Court disallowed the appointment of an arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996, holding that disputes...

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Bombay High Court Dismisses Abans Enterprises’ Petition on SEBI Settlement Regulations. Validity of SEBI’s Settlement Mechanism Upheld Amid Allegations of Market Manipulation.

The petitioners challenged the validity of certain regulations under the SEBI (Settlement Proceedings) Regulations, 2018, and the rejection of their s...

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"High Court Rules Against NSE: Shareholder’s Rights Protected in Lack of Authority Case" "Safeguarding Property Rights in Shareholder Disputes."

The Bombay High Court quashed the National Stock Exchange’s (NSE) communication directing a stop on share transfers owned by the petitioner, Aloysiu...

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Scope of Commercial Disputes under the Commercial Courts Act: Assignment of Debt Outside Ambit of Section 2(1)(c). A dispute must arise from ordinary transactions of merchants, bankers, financiers, or traders to qualify as a commercial dispute under the Commercial Courts Act, 2015.

Heading 1: Nature of the Suit and Interim Application The suit was filed as a summary suit under Order XXXVII of CPC for recovery of Rs. 800 crores...

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Arbitration for Loan Recovery Dispute Court debates arbitration versus statutory remedies in SARFAESI and RDDB Acts. A high-stakes financial dispute under arbitration as lenders pursue alternative remedies through the SARFAESI Act.

Acts and Sections Discussed: Arbitration and Conciliation Act, 1996, particularly Section 11 (Appointment of Arbitrators) Securitization and Recon...

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Eviction decree upheld on grounds of subletting and bona fide requirement; application for comparative hardship dismissed.

The case revolves around an eviction suit filed by the plaintiffs, trustees of Noor Hospital, against the defendant (Shree Durga Trading Co.) for subl...

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Bombay High Court Quashes Reassessment Notice for AY 2013-14 Citing Lack of Proper Grounds. Court rules that reassessment cannot be initiated after four years without evidence of the assessee’s failure to disclose material facts during original scrutiny assessment.

  The reassessment proceedings initiated against the petitioner for the Assessment Year (AY) 2013-14, after scrutiny assessm...