Karnataka High Court

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High Court of Karnataka Acquits Accused in Cheating Case Based on Matrimonial Fraud Allegation — Failure to Prove Dishonest Intention at Inception. Suppression of marital status and receipt of advance for marriage expenses does not constitute cheating under Section 420 IPC without evidence of initial fraudulent intent....

The case involves a criminal revision petition filed by H. Manjunatha @ Manjunatha Prasad @ Shivakumar @ Mahesh @ Prakash against the State of Karnataka. The petitioner was convicted by the Additional...

High Court

High Court of Karnataka Dismisses Revenue's Appeal in Co-operative Society Tax Exemption Case — Profits Paid to Members Eligible for Deduction Under Section 80P(2)(d) of Income Tax Act, 1961. The court held that a co-operative society assessed as a 'person' under Section 2(31) is entitled to claim deduction on profits paid to its members under Section 80P(2)(d)....

The Revenue appealed against the order of the Income Tax Appellate Tribunal, Panaji Bench, which had allowed the assessee's claim for deduction under Section 80P(2)(d) of the Income Tax Act, 1961, for...

High Court

High Court of Karnataka Allows Winding Up Petition Against Airline Company for Inability to Pay Debts. Creditor's Statutory Demand for USD 3 Million Remained Unpaid, Leading to Order for Winding Up Under Sections 433(e) and (f) of the Companies Act, 1956....

The petitioner, Aerotron Limited, a company incorporated under the laws of England and Wales, filed a company petition under Sections 433(e) and (f) read with Sections 434 and 439(1)(b) of the Compani...

High Court

High Court of Karnataka Quashes Charges Against Journalists in Sting Operation Case — No Prima Facie Case Under Prevention of Corruption Act. Journalists posing as representatives of a company to expose corruption in public life does not constitute an offence under Section 12 of the PC Act or Sections 120-B, 114, 419 read with 34 IPC....

The petitioners, Mahendra Mishra (Director of TV-9 Karnataka), L.R. Shrehas, and Shwetha Prabhu (news reporters), were arraigned as accused in Spl.C.C. No.249/2015 before the XXIII Additional City Civ...

High Court

High Court of Karnataka Dismisses Winding-Up Petition Against Kingfisher Airlines Ltd. for Lack of Service of Statutory Notice. Petition under Sections 433(e) and (f) of the Companies Act, 1956 fails as petitioner Aerotron Limited did not prove service of demand notice under Section 434....

The petitioner, Aerotron Limited, a company incorporated under the laws of England and Wales, filed a winding-up petition under Sections 433(e) and (f) read with Sections 434 and 439(1)(b) of the Comp...

High Court

High Court of Karnataka Allows Winding Up Petition Against Airline Company for Inability to Pay Debts Under Companies Act, 1956. The court held that the company was commercially insolvent and unable to pay its debts, and appointed the Official Liquidator to take charge of its assets....

High Court