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Supreme Court Dismisses MSME Appeals Holding Restructuring Notification Directory. Banks/NBFCs Not Obliged to Restructure MSME Accounts Suo Moto Under Section 9 MSMED Act Before SARFAESI Action.

The Supreme Court dismissed a batch of appeals filed by MSMEs challenging the Bombay High Court's order that Banks/NBFCs are not obliged to adopt the ...

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Bombay High Court Upholds Disciplinary Action Against Chartered Accountant for Misappropriation and Fabrication of Documents. Institute of Chartered Accountants of India's Reference under Section 21(v) read with Section 22 of the Chartered Accountants Act, 1949 Allowed.

The Institute of Chartered Accountants of India (ICAI) made a reference to the Bombay High Court under Section 21(v) read with Section 22 of the Chart...

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Bombay High Court Upholds Disciplinary Action Against Chartered Accountant for Professional Misconduct in Loan Transaction. Failure to Repay Loan Obtained from Client Constitutes Misconduct Under Chartered Accountants Act, 1949.

The Institute of Chartered Accountants of India (ICAI) filed a reference under Section 21(5) of the Chartered Accountants Act, 1949, against the respo...

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Supreme Court Quashes High Court's Administrative Directions on Bail Listings During Pandemic Due to Judicial Overreach. Single Judge's Orders Restricting Bail Applications and Arrests Exceeded Jurisdiction and Infringed on Chief Justice's Administrative Powers Under the Code of Criminal Procedure, 1973.

The Supreme Court of India heard two connected criminal appeals arising from special leave petitions filed by the High Court of Judicature for Rajasth...

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Bombay High Court Adjudicates Civil Revision Application Challenging Rejection of Plaint Rejection Application in Trust Dispute Under Maharashtra Trust Act. Application Under Order VII Rule 11(d) of CPC Alleges Bar of Suit by Sections 22, 50, 51, 70 of Maharashtra Trust Act, 1950.

The dispute centered on the expulsion of two trustees from a trust registered under the Maharashtra Trust Act, 1950. The applicants, comprising ten in...