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Bombay High Court Quashes Process Against Directors in Cheque Dishonour Case — Lack of Specific Allegations of Role in Day-to-Day Affairs. Directors Cannot Be Vicariously Liable Under Section 141 of Negotiable Instruments Act, 1881 Without Averments of Their Involvement in Company's Business.

The petitioners, including a company and its directors, challenged the order issuing process under Section 138 read with Section 141 of the Negotiable...

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Bombay High Court Allows Appeal by Octroi Officer in Gold Import Octroi Dispute, Remands for Fresh Assessment. The Court held that octroi is leviable on gold ingots imported into municipal limits, and the burden is on the assessee to prove the actual price paid.

The appellant, an Octroi Officer of Pune Municipal Corporation, filed an appeal against the order of the learned Magistrate which had set aside the oc...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Unexplained Investment in Silver Bullion. Section 69A of Income Tax Act, 1961 Applicable Where Assessee Fails to Explain Source of Acquisition of Silver Found in Possession.

The present appeals were filed by the Revenue against the judgment of the Rajasthan High Court which allowed the appeals of the assessee, Prakash Chan...

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Bombay High Court Quashes Notification Removing Waqf Board Member for Ceasing to be Bar Council Member — Holds That Section 14(1)(b)(iii) of Waqf Act, 1995 Does Not Apply to Members Appointed from Bar Council Category.

The petitioner, Asif Shaukat Qureshi, was a lawyer and former Chairman of the Bar Council of Maharashtra and Goa. He was appointed as a member of the ...

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Bombay High Court Dismisses Writ Petition for Lack of Territorial Jurisdiction in Mining Lease Revision Challenge. Revisional Order Passed by Central Government Tribunal at Delhi Does Not Confer Jurisdiction on Nagpur Bench Despite Property Location in Maharashtra.

The petitioner, Vidarbha Mining Association, a registered partnership firm with its registered office at Nagpur, filed a writ petition under Articles ...

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Bombay High Court Dismisses Petition to Quash Process in NI Act Case Against Sick Company's Managing Director. Court holds that declaration of a company as sick under SICA does not absolve its directors from criminal liability under Section 138 of the Negotiable Instruments Act, 1881.

The petitioner, Omesh Keshav Karnik, Managing Director of Phoenix Fine Chem Pvt. Ltd., a sick company, filed a Criminal Writ Petition before the Bomba...