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NCLAT Stays Impugned Order in Insolvency Appeal Subject to Deposit of Outstanding Amount by Appellant. The Tribunal directed deposit of Rs.2,95,68,940/- under Section 9 of IBC, 2016, and encouraged settlement.

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, passed an interim order in an appeal filed by Naresh Kumar Agarwal, t...

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Supreme Court Allows Banks to Deny Legal Representation in Wilful Defaulter Proceedings. In-House Committees of Banks Are Not Tribunals Under Section 30 of Advocates Act, 1961, and Right to Lawyer Is Not Part of Natural Justice.

The Supreme Court considered appeals against the Delhi High Court judgment which held that a borrower is entitled to be represented by a lawyer before...

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Bombay High Court Dismisses Revenue's Appeal in Deemed Dividend Case Under Section 2(22)(e) of Income Tax Act. ITAT Correctly Held That Loans to Assessee Were Not Covered as Deemed Dividend Since Lender Companies Had No Accumulated Profits.

The appeal was filed by the Principal Commissioner of Income Tax (Revenue) against the order of the Income Tax Appellate Tribunal (ITAT) dated 20th Fe...

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High Court of Karnataka Enhances Compensation for Minor Injured in Road Accident — Motor Vehicles Act, 1988. Insurer Held Liable to Pay and Recover from Owner Due to Driver Without Valid License.

The appeal arises from a judgment and award dated 27.11.2010 passed by the Motor Accident Claims Tribunal, Hiriyur, in MVC No.78/2009. The claimant, D...

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Bombay High Court Dismisses Suit Challenging Slum Land Acquisition as Barred by Section 42 of Maharashtra Slum Areas Act — Preliminary Issue of Bar of Suit Decided in Favor of Defendant No.5.

The suit was filed by the Plaintiffs seeking a declaration of ownership of a plot of land and challenging its acquisition by the State Government unde...

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Bombay High Court Allows Widow's Petition for Voluntary Retirement Benefits Despite Employee's Death Before Acceptance. Employer's Failure to Communicate Decision on VRS Application Within Reasonable Time Renders Deemed Acceptance.

The petitioner, Smt. Urmila Chandrakant Gaikwad, is the widow of Chandrakant Gaikwad, a permanent employee of Bank of Baroda who served from 7 October...

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Bombay High Court Dismisses Petitioner's Challenge to Sugar Commissioner's Refusal of Aerial Distance Certificate for New Sugar Factory. Court Upholds Commissioner's Decision Based on Non-Compliance with Minimum Distance Requirement Under Sugarcane Control Order, 1966.

The petitioner, Sangmeshwar Sugar Limited, a company registered under the Companies Act, 1956, sought to establish a new sugar factory at Sonegaon, Ya...

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Bombay High Court Upholds Conviction for Counterfeiting Currency Notes but Acquits Some Accused of Criminal Conspiracy. Court holds that possession and use of counterfeit currency notes without proof of conspiracy does not attract Section 120B IPC.

The case involves two appeals arising from Sessions Case No.126/2006 decided by the Additional Sessions Judge, Ahmednagar. The first appeal was filed ...

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Bombay High Court Upholds Compulsory Retirement of Judicial Officer for Lack of Integrity and Efficiency. Rule 10(4)(a)(i) of Maharashtra Civil Services (Pension) Rules, 1982 applied to prematurely retire a District Judge based on adverse entries and overall performance record.

The petitioner, Ashokkumar Hiralal Lohiya, was a judicial officer who joined the judiciary as a Civil Judge, Junior Division in 1978 and was promoted ...