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Bombay High Court Upholds Removal of Director in Co-operative Bank Case for Misappropriation and Conflict of Interest. Commissioner's order under Section 78A(1) of Maharashtra Co-operative Societies Act, 1960 confirmed due to unauthorized donations to trust and contract awarded to son's firm.

The petitioner, P. A. Inamdar, was a shareholder, director, and Chairman of the Muslim Co-operative Bank Ltd., Pune. On 19 July 2017, respondent Nos. ...

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Bombay High Court Hears Suit for Redemption of Pledged Securities After Loan Default; Plaintiffs Abandoned Main Claim of Transfer Agreement. Pledge Agreement Clause 14(ii) Notice and Default by Pledgor Form Core of Dispute Over Shares of Sesa Sterlite.

The suit was filed by Harinarayan G. Bajaj and others against Reliance Capital Limited and Sesa Sterlite Limited. Plaintiffs borrowed a total of Rs.10...

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Bombay High Court Examines Whether Writ Petition Lies Against National Stock Exchange for Termination. Maintainability Questioned on Grounds That NSE is Not State Under Article 12 and Dispute is Contractual.

The petitioner, Suprabhat Lala, was appointed as a Manager with the National Stock Exchange (NSE) on 1 October 2001 under terms and conditions set out...

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Bombay High Court Dismisses Petition Challenging Election Programme of Cooperative Sugar Factory on Ground of Premature Interference. Court Holds That Once Election Process Commences, Remedy Lies in Election Petition Under Section 91 of Maharashtra Cooperative Societies Act, 1960, Not in Writ Petition.

The petitioners, members of a cooperative sugar factory (Respondent No.3), challenged the election programme for the society's committee, alleging irr...

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Validity of Prosecution Sanctions: Pre-Trial Determination or Trial Issue? A comprehensive analysis of conflicting Apex Court judgments on the timing and significance of challenging prosecution sanctions under the Prevention of Corruption Act, 1988.

The legal debate on whether the validity of a prosecution sanction must be determined before trial or can be contested during the trial. It examines k...

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High Court of Karnataka Reserves Judgment on Delegate Nomination Dispute in Karnataka Milk Federation; Interim Order Allows Petitioner to Cast Sealed Vote. Challenge to Regional Commissioner's Authority Under Section 28-A(4-B) of Karnataka Co-operative Societies Act, 1959.

The writ petitions concerned a dispute over the nomination of a delegate to the apex milk co-operative federation in Karnataka. The petitioner was a m...

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Bombay High Court Quashes Order Requiring Individual Flat Owners to Deposit Entire Building's Property Tax for Appeal. Small Causes Court Order Set Aside as Condition of Depositing Tax for Whole Building is Harsh and Inequitable.

The petitioners, owners of five premises in Maker Chamber V, Nariman Point, Mumbai, challenged an order of the Small Causes Court that required them t...