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Bombay High Court Dismisses Union of India's Challenge to CAT Order Allowing Reinstatement of Resigned IRS Officer. Resignation Withdrawn Before Acceptance, Employee Entitled to Rejoin Service Under Service Rules.

The respondent, Sanjay Kumar S. Zumbre, was a direct recruit IRS Officer of the 1992 batch. He was transferred to Guntur Commissionerate at Vishakhapa...

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Supreme Court Allows Promoter's Appeal in IBC Withdrawal Case — Commercial Wisdom of Committee of Creditors Cannot Be Overridden by NCLT/NCLAT. Settlement Plan Approved by 94.23% Voting Share Under Section 12A of Insolvency and Bankruptcy Code, 2016 Must Be Respected.

The case involves appeals by Vallal RCK, the promoter of M/s Siva Industries and Holdings Limited (Corporate Debtor), against the common judgment of t...

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Bombay High Court Adjudicates Writ Petitions Filed by Depositors of PMC Bank Seeking Relief from Withdrawal Restrictions. Court Examines Validity of RBI Directions and Protection of Depositors' Interests under Relevant Banking and Co-operative Laws.

A batch of writ petitions and a public interest litigation were filed before the Bombay High Court by various depositors and account holders of the Pu...

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High Court of Karnataka Dismisses Appeal Challenging Order Quashing Resolution Permitting Withdrawal of Resignation. Resolution of Cooperative Society Allowing CEO to Withdraw Resignation Held Illegal Under Karnataka Cooperative Societies Act, 1959.

The appellant, D Venkatesh, filed a writ appeal challenging the order of a learned Single Judge dated 13.10.2022 in W.P. No. 24350/2021, which set asi...

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Bombay High Court Dismisses Writ Petition Challenging Termination of Bank Officer for Unauthorized Absence. Petitioner's employment terminated under Regulation 19 of Syndicate Bank (Officers') Service Regulations, 1979 for remaining absent without leave for over 90 days.

The petitioner, Rohit Dewan, was appointed as a Senior Manager (FS) by Syndicate Bank on January 7, 2011, governed by the Syndicate Bank (Officers') S...