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Supreme Court Upholds High Court Ruling That Time Limit Under Section 14 of SARFAESI Act is Directory. The provision requiring District Magistrate to pass possession order within 30 days (extendable to 60 days) is directory, as non-compliance does not invalidate proceedings or prejudice the borrower.

The appeal arose from a judgment of the Kerala High Court which held that the time limit under Section 14 of the Securitisation and Reconstruction of ...

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Bombay High Court Allows Appeal by Owner in Motor Accident Claim — Insurance Company Liable Despite Invalid Driving Licence Due to Lack of Owner's Knowledge. Employer Not Required to Verify Licence Validity for Transport Vehicle When Driver Produced Licence.

The appeal arises from a judgment of the Motor Accident Claims Tribunal (MACT), Chandrapur, in Motor Accident Claims Petition No. 120/2006. The deceas...

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Supreme Court Allows Assessee's Appeal in Income Tax Dispute Over Non-Compete Fee Taxability. Amount Received Under Deed of Covenant Held as Capital Receipt Not Taxable Under Section 28(ii)(a) of Income Tax Act, 1961, Due to Separate Genuine Transaction and Procedural Error in High Court's Judgment.

The appeal concerned the assessment year 1995-96 involving Shri Shiv Raj Gupta, Chairman and Managing Director of Central Distillery and Breweries Ltd...

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Bombay High Court Partly Allows BEST's Petition Against Industrial Court Order on Unfair Labour Practices — Increments and Leave Benefits for Daily Wagers Upheld Under Item 9 of Schedule IV of MRTU & PULP Act, 1971.

The petitioner, Brihan Mumbai Electric Supply & Transport Undertaking (BEST), challenged a judgment and order dated 17th October 2019 passed by the Pr...

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Bombay High Court Allows Writ Petition of Instructor Against School Tribunal Order — Appointment of Respondent No.1 Quashed as Without Approval. Tribunal's Direction to Recover Salary from Petitioner Held Without Jurisdiction.

The petitioner, Sangita Vidyadhar Malte, was appointed as a full-time instructor in MLT (MCVC) at a junior college run by respondent no.2 society on 1...