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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...

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Bombay High Court Quashes Chief Minister's Stay on Co-operative Bank Recruitment — Chief Minister Lacks Statutory Power Under MCS Act to Interfere in Autonomous Bank's Internal Management.

The petitioners, Chandrapur District Central Co-operative Bank Ltd. and its Chairman, challenged the order dated 29.11.2022 passed by the Chief Minist...

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Supreme Court Dismisses Transfer Petition in Cheque Dishonour Case, Upholds Jurisdiction Under Section 142 of the Negotiable Instruments Act, 1881

Bank’s Right to Choose Jurisdiction for Cheque Dishonour Cases Upheld – Transfer Denied Under Section 406 of the Code of Criminal Procedure, 1973 ...

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Supreme Court examines High Court order staying disciplinary proceedings against bank employee pending criminal trial. High Court had directed stay until recording of prosecution evidence, citing prejudice and Clause 4 of Bipartite Settlement.

The appeal before the Supreme Court arose from a High Court decision staying disciplinary proceedings against a bank employee pending the recording of...

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Supreme Court Dismisses Bank's Appeal in Consumer Dispute Over Cheque Clearing Deficiency. Bank held liable for deficiency in service under Consumer Protection Act, 1986 due to negligence in presenting cheques within validity period, with compensation awarded for loss caused by expired cheques.

The Supreme Court of India heard two civil appeals filed by Canara Bank against a judgment of the National Consumer Disputes Redressal Commission. The...

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Bombay High Court Upholds Industrial Court Order in Unfair Labour Practice Case — Employer Directed to Reinstate Employee with Back Wages. Abandonment of Service Claim Rejected as Employee Reported for Duty After Maternity Leave.

The present petition was filed by Finlay Mills challenging an order dated 4.12.2002 passed by the Industrial Court, Bombay in Complaint (ULP) No.169 o...

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Bombay High Court Dismisses Bank Employee's Petition to Withdraw Voluntary Retirement Application Under Vijaya Bank's Special VRS Scheme. The Application Was Held Irrevocable Under Clause 11.2.0 of the Scheme, and the Employee Could Not Withdraw After Acceptance Even Before Relieving Date.

The dispute arose from an application for voluntary retirement submitted by the petitioner, an Assistant Manager of Vijaya Bank, under the Vijaya Bank...

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Bombay High Court Considers Cross-Petitions Against Labour Court Awards Awarding Compensation to Workmen Dismissed After Strike; Maintainability of Reference Under Industrial Disputes Act and Proportionality of Punishment Examined.

The matter involved cross writ petitions arising from Labour Court awards concerning the dismissal of workmen employed by Haldyn Glass Limited. In the...

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Bombay High Court Dismisses Winding-Up Petition by Deutsche Bank Against Finolex Industries Under Section 433(e) Companies Act, 1956 — Disputed Derivative Transaction Debt Precludes Summary Winding-Up. Court Holds That Winding-Up Petition Is Not a Debt Recovery Mechanism and Dismisses Petition with Costs.

The judgment arises from a Company Petition filed by Deutsche Bank AG, Mumbai Branch, seeking winding-up of Finolex Industries Limited under Section 4...