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Madras High Court Dismisses Revision Petition Challenging Execution of Chit Fund Award — Limitation Period Under Section 71(b) of Chit Funds Act, 1982 Not Applicable When Award Is Executed as Civil Court Decree Under Section 71(a).

The revision petition was filed by P.J. Prabaharan, the chit subscriber and first judgment debtor, challenging the order dated 24.09.2025 in E.P.No.46...

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Bombay High Court Upholds Conviction for Cheating and Prize Chit Offences in Bhisi Scheme Case. Oral evidence of members sufficient to prove conventional chit and dishonest intention under Section 420 IPC and Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

The case involves two criminal revision applications filed by the applicants/accused, Subhadrabai Pawar and others, challenging their conviction under...

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High Court of Karnataka Allows Appeal Against Execution Court Order Dismissing Application to Set Aside Auction Sale for Non-Compliance with Order XXI Rule 84 CPC. Failure to Deposit 25% of Purchase Money on the Same Day as Sale Renders Auction Void.

The appellants, who were judgment debtors in execution proceedings, filed an application under Order XXI Rule 90 read with Section 151 CPC to set asid...

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Bombay High Court Allows Complainant's Appeal in Cheque Dishonour Case, Restores Conviction Under Section 138 of Negotiable Instruments Act, 1881. Appellate Court Erred in Reversing Conviction Without Properly Appreciating Evidence and Rebuttal of Presumption.

The case involves two appeals filed by the original complainant, Mrs. Usha Hiralal Kanojia, against a common judgment of the Additional Sessions Judge...

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Bombay High Court Allows Appeal in Cheque Dishonour Case, Sets Aside Acquittal. Presumption under Section 139 of Negotiable Instruments Act, 1881 not rebutted; failure to show loan in income tax returns does not invalidate legally enforceable debt.

The appellant, Pushpa Sanchalal Kothari, filed a criminal appeal under Section 378(4) of the Code of Criminal Procedure, 1973, challenging the acquitt...

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Supreme Court Dismisses Appeal Against SEBI Order Declaring Art Funds as Collective Investment Schemes. Trusts managing pooled investments in art works held to be Collective Investment Schemes under SEBI Act, 1992, despite being structured as trusts rather than companies.

The Supreme Court dismissed Civil Appeal No. 19936 of 2017 challenging the order of the Securities Appellate Tribunal which had upheld SEBI's directio...

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High Court of Karnataka Acquits Accused in Abetment of Suicide Case Due to Lack of Evidence of Instigation. Conviction under Section 306 IPC read with Section 34 IPC set aside as prosecution failed to prove that accused abetted deceased's suicide.

The appeal arises from a judgment of conviction and sentence passed by the IV Additional Sessions Judge, Mysore in S.C. No. 87/2011 dated 24.03.2012, ...

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High Court of Karnataka Acquits Accused in Abetment of Suicide Case Due to Lack of Evidence of Instigation. Conviction under Section 306 IPC read with Section 34 IPC set aside as prosecution failed to prove that accused abetted the deceased to commit suicide.

The appellants, S. Ravi, Sridhar, S. Rangaswamy @ Ranga, and Mallikarjuna @ Chuma Ravi, were convicted by the IV Additional Sessions Judge, Mysore in ...