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[ Bombay Hc ]

Rs 15.92 lakh NSE award against 5 Paisa Capital set aside: appeal panel copied arguments, decided nothing

Justice Aarti Sathe held that the NSE Appellate Arbitral Tribunal, which confirmed a 2019 award making the broker pay a client Rs 15,92,671 over trades placed on a software glitch, reproduced the submissions of both sides verbatim and answered none of eight live questions, a patent illegality under Section 34(2A) that a court cannot cure by supplying finding

By Shruti Pathak · 31 Oct 2026

[ Bombay Hc ]

Bombay HC sends a discussion-only term sheet to arbitration: its exclusivity clause had been kept binding

Justice Amit Borkar appointed a retired judge as sole arbitrator over Nisus Finance claims of Rs 16.94 crore against the developers of the Treasure Palms project, holding that an arbitration clause covering any binding provision of a non-binding term sheet prima facie reaches the exclusivity undertaking and the connected Rs 1.62 crore advisory fee, while lea

By Shruti Pathak · 31 Oct 2026

[ Bombay Hc ]

Sacked in 2001, reinstated: Nagpur bench finds ST backlog hire without advertisement irregular, not void

Justice Pravin S. Patil dismissed petitions by both a Bhandara school management and its teacher against a 2012 School Tribunal order, holding that Pandurang Parate, appointed in 1996 on a clear vacancy to fill a Scheduled Tribe backlog at the insistence of the Education Officer, could not be removed under a non-statutory 1995 circular, while the denial of b

By Shruti Pathak · 31 Oct 2026

[ Bombay Hc ]

Bombay HC regularises Model College staff kept on 11-month contracts since 2011, orders UGC pay scale

The Aurangabad Bench held that Maharashtra, which sat on university proposals to sanction posts for over a decade while directing yearly temporary appointments, must treat the posts as deemed approved, regularise the teaching and non-teaching staff of the Ghansawangi and Hingoli Model Colleges, and pay arrears for three years before the petitions were filed.

By HC Desk · 30 Oct 2026