Search Results for "Interest Act, 1978"

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Bombay High Court Quashes Removal of Employee in Coal India Service Dispute — Violation of Natural Justice as No Inquiry Held Before Dismissal Based on Self-Declaration. Rule 34(1)(ii) of Coal India Executives Conduct, Discipline and Appeal Rules, 1978 Requires Inquiry Before Penalty of Removal.

The petitioner, Shri Sheopurari Singh, was employed as Deputy General Manager (Vigilance) in M-1 Grade at the Vigilance Department of Western Coalfiel...

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Bombay High Court Quashes Termination of Deputy Manager in Indian Airlines Case Due to Lapsed Regulations and Violation of Natural Justice. Regulation 13 of Indian Airlines Service Regulations Held Void for Absence of Enquiry and Principles of Natural Justice.

The petitioner, Prabha D. Kannan, a former Deputy Manager (In Flight Services) of Indian Airlines Ltd., challenged her termination from service by an ...

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Bombay High Court Allows Appeal in Land Acquisition Apportionment Dispute Among Co-owners. Court holds that the Land Acquisition Court has jurisdiction to decide title and apportion compensation among co-owners under Section 30 of the Land Acquisition Act, 1894.

The case involves a dispute among the children of Shripad Deo regarding the apportionment of compensation awarded by the State of Maharashtra for acqu...

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Karnataka High Court Dismisses Winding Up Petition by Ex-Director Against Company for Disputed Interest Claim. Company Petition under Section 433(e) of Companies Act, 1956 dismissed as debt was bona fide disputed and no written agreement for interest existed.

The petitioner, Mr J R Srinivasa, an ex-director of the respondent company Sree Gururaja Enterprises Pvt Ltd, filed a winding up petition under Sectio...

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Bombay High Court Allows SICOM's Petitions Under Section 31(1)(aa) of SFC Act for Recovery of Term Loan Defaults. Financial Corporation Entitled to Enforcement of Security Interest Without Prior Adjudication of Liability.

The petitioner, SICOM Limited, a deemed State Financial Corporation under Section 46 of the State Financial Corporation Act, 1951, filed a group of pe...

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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...