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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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Madras High Court Directs Authorities to Consider Representation on Encroachment of Government Land in Paramankurichi Village. Court orders consideration of representation after hearing parties within eight weeks.

The petitioner, S. Issac Newton, filed a writ petition under Article 226 of the Constitution of India before the Madurai Bench of the Madras High Cour...

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NCLAT Dismisses Appeal Against NCLT Order in IBC Case for Lack of Reasons — Appellant Failed to Show Prejudice from Impugned Order. The appeal under Section 61 of IBC was dismissed as the appellant did not demonstrate any prejudice caused by the non-speaking order.

The appellant, Dr. Yartagadda Krishna Mohan, filed a Company Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 before the National C...

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Bombay High Court Upholds Incentive Scheme for FCI Loaders but Directs Strict Monitoring to Prevent Abuse of Government Funds. Court finds that while the incentive scheme is legal, its implementation has led to exorbitant earnings and siphoning of funds through collusion with officials.

The Bombay High Court, Nagpur Bench, took suo motu cognizance of a newspaper report in The Times of India alleging that departmental loaders in Food C...

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Bombay High Court Acquits Appellant in Murder Case Due to Unreliable Dying Declarations. Conviction under Section 302 IPC set aside as dying declarations were not recorded in proper form and lacked corroboration.

The appellant, Rajkumar Shivnath Yadav, was convicted by the Sessions Judge, Daman, for the murder of his wife Payal under Section 302 IPC and sentenc...

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Bombay High Court Allows Appeal in Bond Trustee Case — Appoints Receiver and Grants Injunction Against Alienation of Assets. Trustee entitled to protect bondholders' interests where corporate debtor defaulted on convertible bonds and attempted to transfer business to related parties.

The Bank of New York Mellon, as trustee for bondholders, filed a suit against Zenith Infotech Ltd. and others after Zenith defaulted on repayment of U...

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NCLAT Dismisses Appeals Challenging Admission of Section 7 Application by Allottees Against Corporate Debtor. The Tribunal upheld the NCLT order allowing impleadment of allottees and admitting the insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, as default was established.

The judgment pertains to two appeals filed against an order dated 04.03.2024 passed by the National Company Law Tribunal (NCLT), New Delhi Principal B...

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NCLAT Chennai Allows Appeal of Financial Creditor in Insolvency Case, Directs Reconsideration of Resolution Plan. The Tribunal held that the Resolution Professional's failure to include the appellant in the Committee of Creditors and incorrect determination of voting shares violated the IBC, 2016.

The appeal was filed by RBL Bank Limited against the order of the National Company Law Tribunal (NCLT), Chennai, which had approved the resolution pla...