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Supreme Court Dismisses Appeal by Suspended Director in IL&FS Accounts Reopening Case — Recasting Permitted Under Section 130 Companies Act. Court holds that SFIO and ICAI reports provide sufficient basis for reopening accounts and that suspended director lacks locus standi.

The case pertains to an appeal filed by Hari Sankaran, a suspended director of Infrastructure Leasing & Financial Services Limited (IL&FS), against th...

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High Court of Karnataka Partially Allows Insurance Company's Appeal and Claimant's Cross-Objections in Motor Accident Compensation Case — Multiplier Applied as per Second Schedule of Motor Vehicles Act, 1988.

The case arises from a motor accident claim petition filed by K.B. Shivakumar Swamy (claimant) under Section 166 of the Motor Vehicles Act, 1988, seek...

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Supreme Court Dismisses Application for Perjury Proceedings Against Respondent for Inadvertent Error in Affidavit. Court finds no prima facie case for criminal prosecution under Section 340 CrPC when error was explained and unconditional apology tendered.

The Supreme Court dismissed an application filed by M/s New Era Fabrics Ltd. under Section 340 read with Section 195(1)(b) of the Criminal Procedure C...

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Supreme Court Allows Appeals by University and Colleges in Assistant Professor Recruitment Dispute — UGC Regulation 10 Applicable for Awarding Marks for Teaching Experience Under Table 3A.

The Supreme Court of India allowed the appeals filed by Allahabad University and its affiliated colleges against the judgment of the Allahabad High Co...

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Bombay High Court Allows Raymond Limited's Appeals in Central Excise Cenvat Credit Dispute. Cenvat Credit of AED (T&TA) on Inputs Can Be Utilized for Payment of BED on Final Products.

The appellant, Raymond Limited, is a company manufacturing blankets from woollen fibres. The blankets attract only Basic Excise Duty (BED) and not Add...