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Bombay High Court Considers Winding Up Petition Under the Companies Act, 1956, on Grounds of Loss of Substratum and Insolvency Due to Quashing of 2G Licenses; Final Disposition Not Extracted. Allegations of Dysfunctional Board and Insolvency Form Basis of Just and Equitable Winding Up Claim.

This Company Petition was filed by Etisalat Mauritius Ltd. (Petitioner), a wholly owned subsidiary of Emirates Telecommunications Corporation, seeking...

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Supreme Court Allows Bank of Baroda's Appeal Against High Court Order Quashing Termination of Probationary Employee. Unsatisfactory Performance and Misconduct During Probation Justify Termination Without Stigma.

The present appeal arises from a judgment of the Calcutta High Court which allowed the writ petition of the respondent-employee and quashed his termin...

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WRIT PETITION NO.1940 OF 1999

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Karnataka High Court Upholds Compulsory Retirement and Pension Cut of Municipal Employee in Corruption Case Despite Acquittal. Departmental Enquiry Entrusted by Urban Development Department Held Competent and Acquittal in Criminal Case Found Not to Vitiate Penalty under Karnataka Lokayukta Act.

The petitioner, a municipal employee who served as in-charge Chief Officer of Town Municipal Council, challenged the compulsory retirement and permane...