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Bombay High Court Delivers Oral Judgment on Sanction of Scheme of Arrangement Amid BIFR Pendency. Maintainability Under Sections 391 and 394 of Companies Act, 1956 Against Overriding Effect of Sick Industrial Companies (Special Provisions) Act, 1985 Considered.

The petitioner, Ashok Organics Industries Ltd., incorporated in 1973, filed a petition under Sections 391 and 394 of the Companies Act, 1956, seeking ...

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Bombay High Court Acquits Accused in Bribery Case Due to Inconsistent Evidence and Lack of Corroboration. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 7, 13(1)(d) read with 13(2) of Prevention of Corruption Act, 1988.

The appellant, Anil Meshram, a BSNL employee, was convicted by the Special Judge, Gadchiroli for demanding and accepting a bribe of Rs. 1,500 from com...

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Supreme Court Allows Union of India's Appeal, Upholds Dismissal of Postal Assistant in NSC Commission Fraud Case. Non-Supply of Documents and Delay Do Not Vitiate Disciplinary Proceedings Without Demonstrated Prejudice.

The respondent, Udai Bhan Singh, was appointed as a Postal Assistant in 1978. A charge-sheet was issued on 31 August 1988 alleging that between 15 Jul...

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Bombay High Court Upholds Compulsory Retirement of Bank Manager for Misconduct in Loan Sanctions. Disciplinary Proceedings Valid as Charges of Failing to Exercise Due Diligence and Integrity in Sanctioning Loans Were Established, and Penalty Not Disproportionate.

The petitioner, R.M. Yadav, was a Branch Manager at Bank of India's Agardanda branch. In 2003, disciplinary proceedings were initiated against him for...