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Supreme Court Upholds High Court Ruling That Time Limit Under Section 14 of SARFAESI Act is Directory. The provision requiring District Magistrate to pass possession order within 30 days (extendable to 60 days) is directory, as non-compliance does not invalidate proceedings or prejudice the borrower.

The appeal arose from a judgment of the Kerala High Court which held that the time limit under Section 14 of the Securitisation and Reconstruction of ...

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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.

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

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Supreme Court Restores Sentence in Parricide Case: High Court's Reduction to Period Already Undergone Set Aside. Proportionality in Sentencing Reaffirmed for Offence Under Section 304 Part II IPC.

The State of Madhya Pradesh appealed against the judgment of the Madhya Pradesh High Court which, while upholding the conviction of the respondent Sur...

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Supreme Court Quashes Contempt Order Against TWAD Board in Land Compensation Case — No Willful Disobedience Found. Contempt Jurisdiction Cannot Be Used to Enhance Compensation Beyond Original Writ Directions.

The Supreme Court allowed the appeal filed by the Tamil Nadu Water Supply and Drainage Board (TWAD Board) against the judgment of the Madras High Cour...

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Supreme Court Remands Case to High Court for Fresh Adjudication in Loan Dispute Between Financial Corporation and Borrower. Consent Settlement Does Not Bar Examination of Actual Liability; High Court Must Decide on Merits.

The case involves a dispute between Punjab Financial Corporation (appellant) and M/s Paulbro Leathers Pvt. Ltd. (respondent) regarding a loan taken by...