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High Court of Bombay Allows Enforcement of Foreign Arbitral Awards Under Arbitration and Conciliation Act, 1996 - The court recognized and enforced five foreign arbitral awards, rejecting challenges based on invalidity of arbitration agreement and scope of submission.

The High Court of Bombay adjudicated a commercial arbitration petition filed under Part II of the Arbitration and Conciliation Act, 1996, seeking reco...

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Supreme Court Allows Co-operative Bank Appeal Against Sureties -- Holds Sureties Liable for Original Loan Under Section 133 of Indian Contract Act, 1872 -- Gujarat High Court Order Set Aside in Recovery Dispute

The Supreme Court allowed appeal by Appellant against High Court order that discharged sureties from all liability -- The Court held that under Sectio...

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Supreme Court Quashes FIR in Property Joint Venture Dispute -- Criminal Proceedings Against Appellants Set Aside as Dispute Found Civil in Nature with Arbitration Clause -- FIR Under Sections 406, 420, 467, 468 and 471 IPC Cannot Substitute Civil Remedies

The Supreme Court allowed the criminal appeal arising from Special Leave Petition (Criminal) No. 6670 of 2021 and quashed the FIR registered against t...

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Supreme Court Dismisses Appeals by Liquidators Challenging Benami Act Attachment Orders, Upholds NCLAT Ruling that IBC Authorities Lack Jurisdiction to Entertain Challenges to Benami Act Orders During Insolvency Proceedings

The Supreme Court dismissed a batch of civil appeals filed by liquidators challenging provisional attachment orders issued under the Prohibition of Be...

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Supreme Court Dismisses Appeals by Flat Buyers, Upholds Commission's Order Exonerating Landowners from Joint Liability with Developer for Deficiency in Service Under Consumer Protection Act, 2019

The Supreme Court dismissed appeals by flat buyers seeking to hold landowners jointly and severally liable with the developer for delay in handing ove...

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Supreme Court Dismisses Third-Party Claim in Execution Proceedings -- Appellant Fails to Remove Property Attachment for Arbitral Award Recovery -- Mother of Company Director Cannot Defeat Creditor's Rights as Post-Award Purchaser

The Supreme Court upheld the attachment of property in execution of an arbitral award, rejecting the third-party claim by Appellant who had purchased ...