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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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Gujarat High Court Dismisses State Appeal Against Acquittal in Dacoity Case — Identification of Accused Found Unreliable. Prosecution Failed to Prove Guilt Beyond Reasonable Doubt Under Sections 397, 34, 188 IPC and Section 25(1)(B) of Arms Act.

The State of Gujarat appealed against the acquittal of Virjibhai Bhikhabhai Dabhi and others by the Additional Sessions Judge, Fast Track Court No.7, ...