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Bombay High Court Dismisses Appeal Against Acquittal in Cheque Dishonour Case Due to Lack of Evidence of Debt. Failure to Prove Legally Enforceable Debt or Liability Under Section 138 of Negotiable Instruments Act, 1881.

The appellant, M/s. Pakdhane Cement House, through its proprietor Anandrao Shamrao Pakdhane, filed a criminal appeal against the judgment and order of...

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Bombay High Court Quashes FIR and Proceedings Under Section 306 IPC for Abetment of Suicide — No Prima Facie Case of Instigation or Abetment Established. Financial Dispute and Suicide Note Without Evidence of Intent to Instigate Suicide Do Not Attract Ingredients of Section 306 IPC.

The applicant, Ramrao Dhakane, filed a Criminal Application under Section 482 of the Code of Criminal Procedure seeking quashing of FIR No. 111 of 202...

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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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Gujarat High Court Quashes FIR in Money Laundering and Cheating Case Due to Civil Nature of Dispute. Loan Transaction and Dishonour of Cheques Do Not Attract Sections 406, 420 IPC or Sections 5, 33(3), 42 of Prevention of Money Laundering Act, 2002.

The present application was filed by the applicants (accused No.2 and another) under Section 482 of the Code of Criminal Procedure, 1973, seeking quas...