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Judicial Scrutiny of RBI's Supersession of Abhyudaya Co-operative Bank's Board. Balance between Constitutional mandates and banking regulations reaffirmed.

The Bombay High Court assessed the legality of the Reserve Bank of India's (RBI) supersession of the Board of Directors of Abhyudaya Co-operative Bank...

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Non-Executive Woman Director Quits “Willful Defaulter” Tag for Lack of Notice: Natural Justice Prevails High Court quashes declaration of "willful defaulter" against Non-Executive Woman Director citing violation of natural justice.

1. Introduction (Paras 1-3) The Petitioner, a Non-Executive Woman Director of PSL Limited, challenged a letter dated 16 July 2018 that declared her a...

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"High Court Allows Director's Fraud Allegation Against Loan Sanction to Proceed in Civil Court" "Commercial Court's rejection overturned as fraud claims bypass SARFAESI Act jurisdiction."

The petitioner, against the rejection of his plaint by the Commercial Court under Order 7 Rule 11 CPC on grounds of being barred by Section 34 of the ...

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Supreme Court Quashes Criminal Proceedings Against Accused Nos. 4 and 5 in Loan Fraud Case Due to Settlement with Bank. Commercial loan fraud case compromised between Bank and borrowers—Criminal proceedings quashed due to bleak chance of conviction.

The Supreme Court, in Criminal Appeals arising out of Special Leave Petition (Criminal) Nos. 1415 and 1416 of 2024, quashed the criminal proceedings a...

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High Court Dismisses Directors' Plea to Quash Food Adulteration Case. Delay in Filing Complaint and Loss of Right to Sample Reanalysis Does Not Invalidate Prosecution.

  Sections Discussed: Prevention of Food Adulteration Act, 1954: Sections 2(ia), 2(ia)(m), 7(1), 13(2), 16, and 17 Code of Criminal Procedure ...

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"Quashing of FIR for Civil Dispute Between Companies: No Criminal Intent Established" "Dispute over contractual obligations without criminal intent is not prosecutable under Sections 406 and 420 IPC."

The applicants filed an application under Section 482 of the Criminal Procedure Code for quashing FIR No. 652/2020 registered with Jalgaon City Police...

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Supreme Court Upholds NCDRC Order for Refund in Real Estate Dispute: Emphasizes Consumer Rights. Real Estate Developer Ordered to Refund Over ₹7 Crore with Interest; NCDRC's Decision on Consumer Status and Deficiency in Service Affirmed.

The Supreme Court dismissed an appeal by a real estate developer challenging the National Consumer Disputes Redressal Commission (NCDRC) order, which ...

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High Court of Bombay Upholds Rejection of Gratuity Claims by Ex-Promoters of Innovative Technomics Pvt. Ltd. Former directors' claims for gratuity dismissed on grounds of not fitting the legal definition of 'employee' under the Payment of Gratuity Act.

The Bombay High Court dismissed the petitions filed by ex-promoters and directors Anil Govind Ganu and Ashwini Anil Ganu, challenging the denial of gr...

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"High Court of Bombay Reviews Legality of Prosecution Against Hubtown Ltd. Directors for Delayed TDS Payments" "The Court examines the applicability of Section 276B of the Income Tax Act for delays in depositing TDS by Hubtown Ltd., considering the scope and limits of prosecution."

The Bombay High Court addressed a group of criminal writ petitions challenging the prosecution of directors of Hubtown Ltd. for delayed Tax Deducted a...

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High Court Rules on Jurisdiction in Gratuity Payment Dispute. Bombay High Court Clarifies the Applicability of the Payment of Gratuity Act for Managing Directors.

The Bombay High Court recently delivered a judgment in a case involving Vitesco Technologies India Pvt. Ltd. and its former Managing Director, Christo...