Search Results for "audit reports"

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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High Court Allows Writ Petition by Cooperative Society Against Ministerial Order Halting Inquiry Under Maharashtra Cooperative Societies Act - Restores Statutory Inquiry into Financial Irregularities by Former Directors

The High Court allowed a writ petition filed by Petitioner challenging an order passed by the Minister for Cooperation that halted a statutory inquiry...

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Revision Against Auditor’s Re-Audit Report Not Maintainable Under Section 154 of Maharashtra Co-operative Societies Act, 1960. Auditor’s Findings in Re-Audit Report Do Not Constitute a ‘Decision’ or ‘Order’ – Administrative Orders Not Revisable Under Section 154

MCS Act: Section 81 – Deals with audit, test audit, re-audit, and submission of specific and special reports by auditors. MCS Act: Section 154 �...

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"High Court Upholds Investigation in Multi-Crore Seva Bank Loan Fraud and Money Laundering Case" "A comprehensive examination of loan misappropriation and money laundering under PMLA provisions."

The Bombay High Court considered multiple writ petitions filed by Amar S. Mulchandani and other petitioners, challenging the validity of investigation...

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Supreme Court Cancels Bail Granted to Accused in Fraud Case. Bail once granted can be revoked if it is found to be perverse or based on irrelevant material.

The Supreme Court set aside the bail granted to an accused involved in a ₹79 crore financial fraud case by the Bombay High Court. The accused, alleg...

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Supreme Court Ruling on Karnataka EMTA Coal Mines Limited: A Complex Case Involving Coal Block Allocation and Legal Interpretations. A detailed examination of the legal challenges surrounding the joint venture agreements, audit reports, and allegations of criminal conspiracy in the coal mining sector.

The Supreme Court of India addressed the appeals filed by M/s. Karnataka EMTA Coal Mines Limited and its Managing Director, challenging the charges fr...

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Court Hears Senior Politician's Appeal Against Conviction: A Battle for Electoral Representation. Legal Arguments Clash Over Stay of Conviction for Senior Indian National Congress Leader Amidst Allegations of Financial Misconduct

The application challenges the decision of the learned Sessions Judge, who mechanically rejected the application for stay of conviction without evalua...

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Writ Petition Seeking Quashing of Criminal Case Against Former Bank Director. A legal battle over the applicability of the Maharashtra Protection of Interest of Depositors Act to cooperative banks in India.

Writ petition filed under Article 226 of the Constitution of India along with Section 482 of the Code of Criminal Procedure, seeking the quashing of a...