Search Results for "vicarious liability"

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration and Conciliation Act, 1996 — Upholds Arbitral Award Holding Stockbroker Liable for Unauthorized Trades by Agent. Broker Failed to Prove Client Authorization for Disputed Trades, Resulting in Compensation of Rs.14,37,200/- to Client.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by IIFL Capital Services Limited (formerly IIFL Secu...

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High Court of Karnataka Allows Appeal in Negotiable Instruments Act Case — Acquittal Set Aside Due to Improper Appreciation of Evidence. Presumption under Section 139 of NI Act Not Rebutted by Accused as Signature on Cheque Admitted and Statutory Notice Complied With.

The appellant, M/s. Indian Potash Limited, a company engaged in importing and marketing fertilizers, filed a complaint under Section 138 of the Negoti...

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Bombay High Court Quashes Defamation Proceedings Against Newspaper Chairman and Editor-in-Chief for Lack of Specific Allegations. Process under Section 500 IPC set aside as complaint failed to show applicants' direct involvement in selection or publication of defamatory news item.

The applicants, Vijay Darda (Chairman of Lokmat Media Private Limited) and Rajendra Darda (Editor-in-Chief of Lokmat Media), filed a criminal applicat...

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Bombay High Court Quashes Process Against Directors in Cheque Dishonour Case — Lack of Specific Allegations of Role in Day-to-Day Affairs. Directors Cannot Be Vicariously Liable Under Section 141 of Negotiable Instruments Act, 1881 Without Averments of Their Involvement in Company's Business.

The petitioners, including a company and its directors, challenged the order issuing process under Section 138 read with Section 141 of the Negotiable...

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Bombay High Court Quashes Process in Cheque Dishonour Case Due to Lack of Proper Service of Notice. Notice Sent to Wrong Address Invalidates Complaint Under Section 138 of Negotiable Instruments Act, 1881.

The petitioner, Kishinbhagwan R. Sharma, challenged the order dated 17.03.2012 passed by the learned Metropolitan Magistrate, 33rd Court, Ballard Pier...