Search Results for "Exorbitant Interest"

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration and Conciliation Act, 1996 — Upholds Arbitral Award Holding Stockbroker Liable for Unauthorized Trades by Agent. Broker Failed to Prove Client Authorization for Disputed Trades, Resulting in Compensation of Rs.14,37,200/- to Client.

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by IIFL Capital Services Limited (formerly IIFL Secu...

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Supreme Court Allows Bank's Appeal, Upholds Liquidated Damages Clause in Employment Contract. Clause requiring employee to pay Rs. 2 lakhs for resigning before three years held valid under Section 27 of Indian Contract Act, 1872, and not opposed to public policy.

The Supreme Court allowed the appeals filed by Vijaya Bank and another against the judgment of the High Court of Karnataka which had quashed clause 11...

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National Consumer Disputes Redressal Commission Dismisses Appeal on Execution in Consumer Dispute Over Delayed Possession of Real Estate Unit. State Commission's Order Dismissing Execution Application Upheld as No Grounds for Interference Made Out.

The case involves an appeal on execution filed by Shellender Singh under Section 27-A of the Consumer Protection Act, 1986, challenging the order date...

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High Court of Karnataka Upholds Compensation in Workmen's Compensation Case — Insurance Company Liable for Death of Employee in Motor Vehicle Accident. Employer-Employee Relationship Established Through Consistent Employment and Wages, Making Employer Liable Under Workmen's Compensation Act, 1923.

The appeal was filed by the Insurance Company challenging the judgment and award dated 23.01.2017 passed by the II Additional Senior Civil Judge and M...

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High Court of Karnataka Dismisses Appeals by Insurance Company and KSRTC in Motor Accident Claim, Upholds Compensation of Rs.15,12,000 for Death of Pillion Rider. Negligence of KSRTC Bus Driver Established; Insurance Company Liable to Pay Compensation with 9% Interest.

The case arises from a motor accident claim petition filed by the legal representatives of the deceased, Sebastian Parekal, who died in a road acciden...

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High Court of Karnataka Frames Points for Consideration in Regular First Appeal Against Dismissal of Recovery Suit in Construction Contract Dispute. Plaintiffs Claimed Excess Payment and Defective Work; Court's Final Order Not Available in Provided Text.

Background: The dispute concerned a construction contract for a residential house in Bangalore. The plaintiffs (appellants) were the owners who had en...

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Supreme Court Upholds Reduction of Compensation in Motor Accident Claim Due to Exaggerated Disability. Claimant's Alleged 95% Permanent Partial Disablement Disbelieved as Evidence Showed Only Fracture of Left Thigh Bone with 45% Disability.

The appeal arose from a motor accident claim where the claimant, S. Kumar, sustained grievous injuries after being hit by an auto rickshaw on 02.08.19...

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Bombay High Court Dismisses Petition Challenging LIC's Reduction in Gratuity Fund Policy Surrender Value. LIC's decision to pay 92.5% of cash accumulation upheld as consistent with policy terms and not arbitrary.

The petitioners, trustees of the Godrej & Boyce Manufacturing Company Limited Employees’ Gratuity Trust Fund, had taken out a group gratuity policy ...