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Supreme Court Allows Default Bail in CBI Cyber Fraud Case Due to Non-Completion of Investigation Within 60 Days Under Section 187(2) BNSS. Appellant Granted Default Bail as Investigation Not Concluded Within Statutory Period of 60 Days from First Remand.

The Supreme Court allowed the appeal of Shaurya Sunil Kumar Singh against the dismissal of his default bail plea by the Bombay High Court. The appella...

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Supreme Court Grants Bail to Former Promoter in PMLA Case Citing Long Incarceration and Delayed Trial. The court held that the twin conditions under Section 45 PMLA were not satisfied and that continued detention violated Article 21.

The Supreme Court allowed the appeal of Arvind Dham, a former promoter and non-executive chairman of Amtek Auto Ltd., against the Delhi High Court's o...

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Bombay High Court Allows Writ Petition Challenging CBDT's Rejection of Delay Condonation for Filing Revised Income Tax Returns. Non-Speaking Order and Violation of Natural Justice Led to Remand for Fresh Consideration Under Section 119 of Income Tax Act, 1961.

The petitioner, CG Power and Industrial Solutions Ltd., a company, filed a writ petition under Article 226 of the Constitution of India before the Bom...

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High Court of Karnataka Considers Plea to Quash Impleadment of Company in SFIO Prosecution. Application Under Section 319 CrPC Allowed by Magistrate Challenged by Former Managing Director.

The petitioner, former Managing Director of Megacity (Bangalore) Developers and Builders Limited, filed criminal petitions under Section 482 of the Co...

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High Court of Karnataka Allows Writ Petition for Refund of Rs.27.51 Crore Collected Under Coercion in GST Investigation — Mandamus Issued for Unlawful Recovery Without Adjudication. Court Holds That Recovery Without Adjudication Is Illegal and Violative of Article 265, and Directs Refund With Interest.

The petitioner, M/s. Bundl Technologies Private Limited, a company engaged in e-commerce, filed a writ petition under Article 226 of the Constitution ...

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Supreme Court Upholds Contempt Conviction for Breach of Undertaking in Loan Recovery Proceedings. Directors' Failure to Honour Court Undertaking Despite Multiple Opportunities Constitutes Wilful Contempt Under Contempt of Courts Act, 1971, Sections 10 and 12.

The Supreme Court considered a special leave petition challenging contempt convictions for breach of an undertaking given during loan recovery proceed...

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Supreme Court Sets Aside Bail Granted by High Court in SFIO Case Involving Massive Corporate Fraud. Twin Conditions Under Section 212(6)(ii) of Companies Act, 2013 Must Be Satisfied Before Granting Bail for Offences Under Section 447.

The Serious Fraud Investigation Office (SFIO) appealed against the grant of bail to Nittin Johari, the former Chief Financial Officer and Whole Time D...

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High Court of Bombay Considers Official Liquidator's Plea for Handover of Assets and Records of Companies in Liquidation. Law Enforcement Agencies' Seizure of Properties and Books of Account Examined in Context of Winding Up Proceedings Under Companies Act, 1956.

The proceedings involved multiple Official Liquidator’s Reports and a Company Application arising out of the winding up of M/s. City Limouzines (Ind...