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Bombay High Court Allows EPF Authority to Auction Defaulting Employer's Property Despite Bank's Secured Interest Under SARFAESI Act. Priority of EPF Dues Over Secured Creditors Under Section 11(2) of EPF Act Upheld.

The Central Board of Trustees, Employees Provident Fund (Petitioner) filed a writ petition seeking auction of the property of Respondent No.2 (the emp...

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High Court of Karnataka Dismisses Writ Petition Challenging Bank's Refusal to Release Fixed Deposits Pending Civil Suit — Bank's Obligation to Act on Court Order Not on Private Letters

The petitioner, Rajesh Kumar Shetty, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Court of Karnataka ...

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Bombay High Court Dismisses Petition Challenging Order Under Section 79AA of Maharashtra Co-operative Societies Act, 1960. Court upholds order directing bank to extend interest subvention scheme to cooperative spinning mill, finding no error in the concurrent decisions of the authorities.

The petitioner, Kolhapur District Central Cooperative Bank Ltd., challenged the judgment and order dated 13th July 2018 passed by the State of Maharas...

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High Court Hears Appeals Against Conviction for Cheating and Corruption—Bank Employees and Others Accused of Disappearing Clearing Cheques to Cause Rs. 35.50 Lakh Loss. Conviction Under IPC Sections 120-B, 420 and Prevention of Corruption Act Challenged on Grounds of Erroneous Appreciation of Evidence.

The case originated from a prosecution by CBI against five accused persons for conspiracy to cheat Bank of India. Accused No.1, a clerk at the Service...