Search Results for "managing director liability"

1072 result(s) found

Scroll Down To Discover

Found 1072 result(s)

© Image Copyrights Juris Services & Technology

High Court of Karnataka Allows Appeal Against Injunction Restraining Bank from Enforcing Corporate Guarantee. The court set aside the injunction as the guarantee deed was unconditional and the bank had a prima facie case under Order 39 Rules 1 and 2 of CPC, enabling it to proceed under SARFAESI Act and IBC.

The appeal arose from an order dated 25.07.2024 passed by the LXXXV Additional City Civil and Sessions Judge, Bengaluru (Commercial Court) in I.A. No....

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Petition by Aakash Educational Services Limited Challenging Arbitral Award — Court Upholds Arbitral Tribunal's Findings on Factual Issues and Contract Interpretation Under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, Aakash Educational Services Limited, filed two writ petitions under Section 34 of the Arbitration and Conciliation Act, 1996 challengi...

© Image Copyrights Juris Services & Technology

CRIMINAL WRIT PETITION NO. 3301 OF 2018

...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Decree on Admission in Construction Contract Dispute — Plaintiff Entitled to Claim Amount Based on Defendant's Admissions. Unequivocal Admission of Liability Under Order XII Rule 6 CPC Leads to Decree for Final Bill Amount with Interest.

The plaintiff, a partnership firm, filed a suit for recovery of Rs. 1,07,88,000/- with interest against the defendant, a government-owned company, for...

© Image Copyrights Juris Services & Technology

High Court of Karnataka Quashes Criminal Proceedings Against Directors in Legal Metrology Cases for Lack of Vicarious Liability. Directors cannot be prosecuted for company's offences under the Legal Metrology Act, 2009 without specific averments of their role in the commission of the offence.

The judgment involves multiple criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973, by directors and managing directors...

© Image Copyrights Juris Services & Technology

Bombay High Court Considers Petition Challenging Construction of Shopping Complex Within Prohibited Highway Area; Directions for Demolition Sought by Shirdi Councillors Based on Violation of Building Bye-Law and Lack of No-Objection Certificate.

The writ petition concerns a challenge to the construction of a shopping complex on land bearing survey no. 170/A2/1 abutting the Nagar-Manmad highway...

© Image Copyrights Juris Services & Technology

Bombay High Court Admits and Finally Disposes of Writ Petition Challenging RBI Circulars on Gold Import. Court Hears Arguments on Validity of Circulars Issued Under FEMA and Related Trade Policy.

The petitioners, a bullion dealing company and its directors, filed a writ petition under Article 226 of the Constitution seeking to quash RBI Circula...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Shareholder Suit Challenging Director Appointments for Lack of Jurisdiction. Dispute Over Rights Under Articles of Association Falls Within Exclusive Jurisdiction of Company Law Board Under Companies Act, 1956.

The suit was filed by shareholders of a banking company, Yes Bank, challenging resolutions relating to the appointment of directors and seeking declar...