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High Court denied to Quash Criminal Proceedings Against Applicants in Negotiable Instruments Act

The High Court of Bombay heard three consolidated criminal applications challenging the dismissal of revision applications against issuance of process...

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Bombay High Court Dismisses PIL Seeking Investigation into Financial Crimes by Corporate Entities and Public Officials. Court holds that a writ petition for registration of FIR is not maintainable when petitioner is not an aggrieved person and has alternative remedy under Section 156(3) CrPC.

The petitioner, Alpesh Navinchandra Gosalia, filed a criminal writ petition under Article 226 of the Constitution before the Bombay High Court seeking...

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High Court Directs Bank to Consider OTS Offer Under Maha Rahat Yojana and Maha Samadhan Yojana. Petitioner, owner of mortgaged property, sought direction to Bank to consider his OTS offer; Court held Bank must consider representation and communicate decision within two weeks.

The petitioner, Mr. Balkishan Boob, is the owner of a property mortgaged to the Bank of Maharashtra. The property was borrowed by M/s. Bhagwan Cotton ...

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Bombay High Court Rules Share Issue Expenses to Dilute Foreign Equity as Capital Expenditure Under Income Tax Act, 1961. Interest on Share Application Money Cannot Be Adjusted Against Such Capital Expenditure.

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal (Tribunal) at the ins...

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Bombay High Court Dismisses Appeal by Videocon Industries Against Winding Up Order for Non-Payment of Guarantee Debt to Italian Bank. Patronage Letter Held to Be a Guarantee Under Indian Contract Act, 1872, and Claim Not Time-Barred.

The case involves an appeal by Videocon Industries Limited against an order of the Company Judge directing payment of Rs.259.73 crores to Intesa Sanpa...

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Bombay High Court Dismisses Appeal by YES Bank in Shareholder Dispute Over Board Control and Share Transfer. Court upholds interim order restraining transfer of shares and appointment of directors pending final disposal of suit.

The present appeal arises from an interim order passed by a learned Single Judge of the Bombay High Court in a suit filed by the respondents (original...

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NCLAT Dismisses Financial Creditor's Appeal Against Rejection of Section 7 Application as Time-Barred. Application Under Section 7 of IBC, 2016 Filed Beyond Three Years from NPA Declaration Held Barred by Limitation.

The appeal was filed by M/s. Canara Bank (Appellant/Financial Creditor) against the order of the National Company Law Tribunal, Hyderabad Bench, which...