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Supreme Court

Supreme Court Dismisses Appeal by Suspended Director in IL&FS Accounts Reopening Case — Recasting Permitted Under Section 130 Companies Act. Court holds that SFIO and ICAI reports provide sufficient basis for reopening accounts and that suspended director lacks locus standi.

4 Jun 2019

The case pertains to an appeal filed by Hari Sankaran, a suspended director of Infrastructure Leasing & Financial Services Limited (IL&FS), against th...

Supreme Court

Supreme Court Allows Insurance Claim in Fire Damage Case — Surveyor Reports Cannot Be Ignored Without Valid Reasons. Appointment of Multiple Surveyors Without Justification Leads to Adoption of First Surveyor's Report Under Section 64UM of Insurance Act, 1938.

1 May 2019

The case involves a dispute between M/s New India Assurance Co. Ltd. (Insurance Company) and M/s Luxra Enterprises Pvt. Ltd. (Complainant), an industr...

Supreme Court

Supreme Court Allows Accident Insurance Claim for Heart Attack Following Motorcycle Fall — 'Outward, Violent and Visible Means' Includes External Trauma Triggering Internal Injury. The Court held that a fall from a motorcycle constitutes an accident caused by outward, violent and visible means, and the resulting heart attack is a bodily injury proximately caused by the accident under the accident benefit clauses of the LIC policies.

24 Apr 2019

The appellant, Smt. Alka Shukla, is the widow of the deceased insured who held three life insurance policies with the Life Insurance Corporation of In...

Supreme Court

Supreme Court Holds Section 15J Factors Illustrative in SEBI Penalty Adjudication. Adjudicating Officer Retains Discretion to Consider Mitigating Circumstances Beyond Stipulated Factors Under SEBI Act.

28 Feb 2019

The Supreme Court of India adjudicated a reference arising from multiple civil appeals concerning the interpretation of Section 15J of the Securities ...

Supreme Court

Supreme Court Sets Aside High Court Order for Perjury Proceedings in Matrimonial Case — Allegations of False Statements in Anticipatory Bail Application Not Deliberate Falsehood on Matter of Substance. The Court held that initiation of perjury proceedings under Section 340 CrPC requires a prima facie case of deliberate falsehood based on unimpeachable evidence, and the High Court's order was vitiated by suppression of material facts.

26 Feb 2019

The present appeal arises from a judgment of the Bombay High Court dated 07.03.2018, which directed initiation of proceedings under Section 340 CrPC a...

Supreme Court

Supreme Court Dismisses Appeal Against Summoning Under Section 319 CrPC in Murder Case — Prima Facie Evidence Sufficient for Trial

24 Jan 2019

The appeal arose from a judgment of the Punjab and Haryana High Court upholding the Sessions Court's order allowing an application under Section 319 C...

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