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Bombay High Court Quashes Reinstatement Order for Daily Wage Worker in Banking Company — 93 Days of Service Does Not Confer Right to Regularisation. The court held that a daily wage worker who worked for 93 days as a badli sepoy is not entitled to reinstatement or permanent absorption.

The petitioner, Dena Bank, a banking company constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, challenged ...

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Bombay High Court Dismisses Petition of Chief Manager Challenging Disciplinary Action for Accepting Forged Bank Guarantee. Reduction in Pay Scale Upheld as Misconduct Proven Under CMC Manual.

The petitioner, Rajendraprasad Shukla, was employed as Chief Manager (Finance) at Western Coalfields Limited (WCL), a subsidiary of Coal India Limited...

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Bombay High Court Dismisses Petitions Challenging RBI Moratorium on Urban Co-operative Bank. RBI Directions Under Section 35A of Banking Regulation Act, 1949 Are Binding and Not Subject to Challenge Under Maharashtra Co-operative Societies Act, 1960.

The case involves three writ petitions filed in the Bombay High Court, Aurangabad Bench, challenging the directions issued by the Reserve Bank of Indi...

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Bombay High Court Dismisses Petitions Challenging RBI's Moratorium and Liquidation of CKP Co-operative Bank Ltd. — Petitioners' Deposits Not Covered by Deposit Insurance as Bank Was Under Moratorium Prior to Insurance Scheme Introduction.

The judgment pertains to a batch of writ petitions filed by depositors of the CKP Co-operative Bank Ltd., which was placed under moratorium by the Res...

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High Court of Karnataka Considers Writ Petition for De-freezing of Bank Account in Alleged Crypto Currency Fraud Case. Petitioner Claims Innocence and Non-Compliance with Section 102 Cr.P.C.

The petitioner, a businessman engaged in oil trading, filed a writ petition under Articles 226 and 227 of the Constitution of India read with Section ...

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High Court of Bombay at Nagpur Dismisses Bank's Revision Against Rejection of Plaint in Suit Challenging SARFAESI Action — Civil Court Has Jurisdiction to Entertain Suit Alleging Violation of RBI Guidelines and Fraud.

The case involves a civil revision application filed by Bank of Baroda (applicant/original defendant) challenging an order dated 26/04/2018 passed by ...