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Bombay High Court Examines Whether Assignee Bank Can Invoke SARFAESI Act for Debt Assigned by NBFC. The case involves interpretation of 'debt' and 'secured creditor' under SARFAESI Act, 2002 and RDDBFI Act, 1993, and the effect of assignment from a non-banking financial company to a bank.

The petitioner, a banking company, sought to enforce security interest under the SARFAESI Act after acquiring a debt and underlying security from a no...

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Bombay High Court Considers Whether Hiring of Tankers to Oil Company Amounts to Sale Under Maharashtra Value Added Tax Act, 2002. Court Examines Applicability of Exception III to Section 2(8) Dealer Definition for Transporters Holding Permits Under Motor Vehicles Act, 1988.

The judgment arises from appeals filed under Section 27 of the Maharashtra Value Added Tax Act, 2002 against orders of the Maharashtra Sales Tax Tribu...

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Bombay High Court Makes Conditional Winding Up Order in Contract Dispute Over Endorsements. Interpretation of contract endorsements determines existence of debt under Companies Act, 1956.

The petitioner, Reliance Broadcast Network Limited, filed a winding up petition under the Companies Act, 1956 against the respondent, Raj Oil Mills Lt...

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Gujarat High Court Dismisses State's Appeal in Contract Damages Case — Failure to Prove Breach and Loss. Trial court's finding that plaintiff failed to establish defendant's breach and quantum of damages under Section 96 CPC upheld.

The State of Gujarat and another (appellants) filed a suit for recovery of damages against the contractor Anil J. Jhatakia (respondent) for alleged br...

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High Court of Karnataka Dismisses Borrower's Writ Petition Challenging DRT Order and Sale Proclamation Due to Alternative Remedy and Delay. Petitioner Failed to Appeal Under Section 30 of RDB Act, 1993 Against DRT Order Dated 14.3.2000, and Filed Writ After 13 Years.

The petitioner, A. Abdul Hameed, was a borrower who had taken a loan of Rs.5.00 lakh from Syndicate Bank (respondent No.1). Respondents No.3 and 4 had...