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Bombay High Court Allows Writ Petition by Debenture Trustee Seeking Enforcement of Security Interest Against Developer and Its Directors Under SARFAESI Act — Held That Trustee Is a 'Secured Creditor' Entitled to Take Possession of Mortgaged Property Despite Pending RERA Proceedings.

The petitioner, IDBI Trusteeship Services Limited, a debenture trustee, filed a writ petition seeking a direction to the District Collector, Pune, and...

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High Court of Karnataka Allows Writ Petition Seeking Registration of Sale Certificate Under SARFAESI Act. Sub-Registrar Directed to Register Sale Certificate Despite Pending Civil Suit as Section 89(4) of Registration Act, 1908 Mandates Registration.

The petitioner, Sri T. Bharathgowda, purchased a property at an auction conducted by Canara Bank (respondent No.3) under the Securitisation and Recons...

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Supreme Court Examines Bona Fides of Insolvency Proceedings by Telecom Service Providers to Avoid AGR Dues. The Court held that AGR dues are final and no fresh disputes can be raised, and directed examination of whether insolvency proceedings under IBC are a subterfuge.

The Supreme Court was hearing applications in the ongoing AGR dues matter, where the Union of India sought extension of time for payment. The Court ha...

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Supreme Court Dismisses Appeal Against Dismissal of Quashing Petition in Forgery Case — Allegations of Sale of Family Property by Power of Attorney Holder Require Trial on Merits. High Court's Refusal to Quash FIR Under Sections 467, 468, 469, 471 IPC Upheld as Prima Facie Case Made Out.

The appeal arose from a Final Judgment and Order dated 12.03.2021 passed by the High Court of Judicature at Patna in Criminal Miscellaneous No.42776 o...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Unexplained Investment in Silver Bullion. Section 69A of Income Tax Act, 1961 Applicable Where Assessee Fails to Explain Source of Acquisition of Silver Found in Possession.

The present appeals were filed by the Revenue against the judgment of the Rajasthan High Court which allowed the appeals of the assessee, Prakash Chan...

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Bombay High Court Allows Appointment of Director in Technical College Despite University's Refusal Based on Qualification Dispute. University's Decision Set Aside as Appointee Possessed Requisite Qualifications and University Failed to Provide Valid Reason for Disapproval.

The petitioners, G.H.R. Education Foundation Society and Dr. Preeti Agrawal, filed a writ petition before the Bombay High Court challenging the decisi...