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Bombay High Court Sets Aside Revisional Order and Upholds Cooperative Bank's Auction Sale Despite Technical Objection on Deposit. Adjustment of Earnest Money Towards Mandatory 15% Payment Under Auction Terms Held Valid; Defaulting Borrower's Plea Rejected.

The petitioners, a cooperative bank and its Special Recovery Officer, challenged the order dated 19th January 2013 passed by the Divisional Joint Regi...

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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act for Lack of Fresh Material. Reimbursement of Expenses Disclosed in Return and Application Under Section 195(2) Sought, No Failure to Disclose Material Facts.

The petitioner, Monitor India Pvt. Ltd., a subsidiary of a Dutch company, challenged a notice dated 22 March 2011 issued under Section 148 of the Inco...

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Bombay High Court Allows Lecturers' Petitions Against Recovery of Senior Scale Payments in Aided College. Government's Refusal to Recognize Senior Scales Granted by College and University Quashed as Arbitrary and Unreasonable.

The judgment concerns three writ petitions filed by lecturers of Ponda Education Society's College of Arts and Science, an aided college affiliated to...

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Supreme Court Allows Bank's Appeal in Consumer Protection Case Due to Absence of Deficiency in Service. Consumer Forums Cannot Adjudicate Highly Disputed Factual Issues or Allegations of Fraud Between Company Directors as Proceedings Are Summary in Nature Under the Consumer Protection Act, 1986.

The dispute arose from a consumer complaint filed by the Managing Director of D-Cube Constructions (P) Ltd. against City Union Bank Limited, alleging ...

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Bombay High Court at Goa Allows Writ Petition by Bank Against Co-operative Tribunal Order Discharging Sureties — No Variance of Contract or Loss of Security Under Indian Contract Act, 1872. Adjustment of Compensation from Defective Vehicle Towards Loan Does Not Discharge Sureties.

The petitioner, The Goa Urban Co-operative Bank Ltd., advanced two loans totaling Rs.3,47,000 to respondent no.4 (principal borrower) for purchasing a...

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High Court of Karnataka Adjudicates Intra-Court Appeals Against Order Upholding Blocking of Electronic Credit Ledgers Under Rule 86A of CGST Rules; Considers Requirement of Pre-Decisional Hearing and Bonafide Purchaser Protection.

The appeals arose from a common order dated 27.07.2023 passed by a Single Judge in a batch of writ petitions, rejecting the contentions of the appella...