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Bombay High Court Allows Revision Application and Discharges Accused in Bombay Money-Lenders Act Case — Single Loan Transaction Not Sufficient to Constitute Money-Lending Business Under Section 5 of Bombay Money-Lenders Act, 1946.

The petitioners, nine family members, filed a Criminal Revision Application under Section 397 read with Section 401 of the Code of Criminal Procedure,...

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Bombay High Court Quashes FIR Under Maharashtra Money Lending (Regulation) Act, 2014 for Lack of Sanction. Section 42 of the Act Requires Authorization for Prosecution; Absence of Sanction Renders FIR Unlawful.

The applicants, accused in Crime No. 279/2018 registered at Police Station Dindrud, District Beed for an offence punishable under Section 39 of the Ma...

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Gujarat High Court Quashes FIR in Money Lending and Criminal Intimidation Case Due to Settlement. The court held that private disputes settled amicably between parties warrant quashing of criminal proceedings under Section 528 BNSS.

The applicant, Ghelubha Juvansinh Zala, filed a criminal miscellaneous application under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023, ...

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Bombay High Court Allows Appeal in NI Act Case, Sets Aside Acquittal Based on Incorrect Application of Bombay Money Lenders Act. Court holds that mere filing of previous complaints does not prove money lending business without license under Section 138 of Negotiable Instruments Act, 1881.

The appellant, Gulabrao Mahadeo Ghorpade, filed a criminal appeal against the acquittal of the respondent, Chandrakant Pandharinath Nehate, by the Add...

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High Court of Karnataka Hears Writ Petition Seeking Enforcement of RBI COVID-19 Moratorium Package. Petitioner Challenges Banks' Denial of Moratorium Under RBI Circular Dated 27.03.2020.

Velankani Information Systems Limited, a company operating an IT park and a five-star hotel in Bengaluru, availed term loans aggregating Rs. 475 crore...