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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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High Court of Madras Partly Allows Appeal in Motor Accident Claim — Negligence of Driver Established, Compensation Enhanced. Standalone Own Damage Policy Does Not Cover Third Party Liability.

The case arises from a motor accident that occurred on February 11, 2022, when the deceased, Meena, was riding as a pillion on a motorcycle driven by ...

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Supreme Court Allows Appeal in Health Insurance Claim Repudiation Case — Ovarian Cancer Treatment Reimbursement Ordered. Insurance Company's Repudiation Based on Pre-existing Disease Exclusion Held Invalid as Policy Did Not Define 'Pre-existing Disease' and Treatment Commenced After Policy Inception.

The appellant, Om Prakash Ahuja, had taken a health insurance policy from Reliance General Insurance Co. Ltd. for his family, valid from 7.7.2007 to 6...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Appellants Awarded Rs. 40,00,000 with 6% Interest. Negligence of Driver Proved, Insurance Company Liable to Pay Compensation.

The appeal was filed by the legal representatives of the deceased Satyappa Satyanaikar, who died in a motor vehicle accident on 10.01.2016. The claima...

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Supreme Court Allows State Appeal, Holds Trustee of Deemed University as Public Servant Under PC Act. Interpretation of 'University' in Section 2(c)(xi) of Prevention of Corruption Act, 1988 includes Deemed Universities.

The Supreme Court allowed the appeal filed by the State of Gujarat against the judgment of the Gujarat High Court which had discharged the respondent,...

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Bombay High Court Allows Appeal Against Dismissal of Interim Injunction in Share Dispute Case. Court Restrains Transfer of Shares Allegedly Misappropriated Pending Suit, Holding That a Prima Facie Case of Fraud and Breach of Trust Was Made Out.

The appellant, Pushpanjali Tie Up Pvt. Ltd., filed a suit alleging that respondent No.1, Renudevi Choudhary, and respondent No.2, Ekta Choudhary (her ...