2017 (4) TMI 1571 - SCH - Indian Laws

Principle of forum conveniens - petition rejected on the ground that the designated Judge in the High Court of Bombay under the Maharashtra Protection of Interest of Depositors (in Financial Establishment) Act, 1999 would be more appropriate forum - HELD THAT - There are no reason to interfere with this order. It is submitted that the petitioners have raised the issue of jurisdiction before the High Court of Gujarat viz. the petitioners are not the financial establishment. Since the notifications dated 12.03.2015 and 22.06.2015 issued by the Government of Maharashtra are challenged on this ground, it would be open to the petitioners to raise this issue before the High Court of Bombay. SLP dismissed.

Summary

The Supreme Court dismissed the special leave petitions, upholding the High Court's decision on forum conveniens. The petitioners can raise the issue of jurisdiction before the High Court of Bombay. Any observations made by the Gujarat High Court will not affect the case's merits.