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Bombay High Court Upholds Co-operative Appellate Court's Order Setting Aside Termination and Awarding Compensation in Lieu of Reinstatement. Employee's termination by Suvarnayug Sahakari Bank set aside; compensation of Rs. 35,00,000 awarded instead of back-wages.

The judgment concerns three writ petitions arising from a dispute between Suvarnayug Sahakari Bank Ltd. (the Bank) and its former employee, Suresh Shi...

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Bombay High Court Dismisses Writ Petition Challenging SARFAESI Auction Sale Due to Alternative Remedy and Suppression of Facts. Petitioner, a Director and Shareholder of Mortgagor Company, Failed to Disclose Rejection of OTS and Auction Sale, Leading to Dismissal with Costs.

The petitioner, Ms. Archana Wani, a director and shareholder of respondent No. 5 (N. Kumar Housing and Infrastructures), filed a writ petition under A...

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High Court of Karnataka Allows Petition to Restrain Encashment of Bank Guarantee in Contract Dispute — No Concluded Contract Found. Court quashes demand letters and directs status quo, holding that without a work order, there is no concluded contract and invocation is arbitrary.

The petitioner, PG Setty Construction Technology Pvt. Ltd., a construction company, filed a writ petition under Articles 226 and 227 of the Constituti...

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Madras High Court Adjudicates Writ Petition Against Blacklisting Order in Wind Power Tender – Bank Guarantee Irregularity Alleged Due to Fraud. The tender required SFMS verification of physical Bank Guarantees, and the petitioner claimed the irregularity resulted from a third-party fraud.

The writ petition was filed by Ram Taranga Solutions Private Limited, a renewable energy company, against NCL India Limited, a public sector enterpris...

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High Court of Karnataka Hears Appeals Against Conviction for Conspiracy, Cheating, Forgery, and Corruption in Fake Balance Certificate Scam. Trial Court Convicted Bank Manager and Proprietors for Creating Fraudulent Credit Entries and Balance Certificates to Facilitate Loan of Rs.36 Crores.

The present criminal appeals arose from a common judgment of conviction and sentence rendered by the Special Judge for CBI Cases, Bengaluru, in Spl.C....