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Suspension of Resolution Professional Confirmed by Bombay High Court. Bombay High Court dismisses the writ petition challenging the suspension of Resolution Professional’s registration for failure to perform duties as per IBC regulations.

The High Court of Bombay upheld the decision of the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) to suspend the petit...

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"High Court Allows Director's Fraud Allegation Against Loan Sanction to Proceed in Civil Court" "Commercial Court's rejection overturned as fraud claims bypass SARFAESI Act jurisdiction."

The petitioner, against the rejection of his plaint by the Commercial Court under Order 7 Rule 11 CPC on grounds of being barred by Section 34 of the ...

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Petitioner Granted Loan Waiver under Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana-2017 Despite Loan Secured by Gold Ornaments Court Allows Petition, Directs Bank to Extend Loan Waiver Benefits to Agriculturist Petitioner

The court ruled in favor of the Petitioner, directing the Bank of Maharashtra to extend the benefits of the "Chhatrapati Shivaji Maharaj Shetkari Sanm...

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Demand for Tax Dues Prior to Acquisition Quashed Under IBC Provisions. Bombay High Court rules that tax dues from before the acquisition of a company under the Insolvency and Bankruptcy Code (IBC) cannot be recovered from the buyer of the assets during liquidation proceedings.

The petitioner, sought to quash demand notices issued by the Gram Panchayat, Gowari, seeking recovery of outstanding tax dues pertaining to the period...

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High Court of Bombay allows the petition for approval of appointment of Shikshan Sevak, citing lapses by the management but upholding the validity of the selection process.

The petitioner challenged the order of the Education Officer, Ratnagiri, which denied approval of his appointment as a Shikshan Sevak. The Bombay High...

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Pensionary Benefits for Voluntarily Retired Employees Covered Under Grant-in-Aid Institutions. Employees who opt for voluntary retirement are entitled to pensionary benefits if their institution was on a Grant-in-Aid basis at the time of retirement, even if it was non-grant initially.

Rule Made Returnable (Para 1-2) The petitioner, a full-time lecturer in the Agricultural Development Trust, was appointed in 1993. The institut...

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Supreme Court Quashes Criminal Proceedings Against Accused Nos. 4 and 5 in Loan Fraud Case Due to Settlement with Bank. Commercial loan fraud case compromised between Bank and borrowers—Criminal proceedings quashed due to bleak chance of conviction.

The Supreme Court, in Criminal Appeals arising out of Special Leave Petition (Criminal) Nos. 1415 and 1416 of 2024, quashed the criminal proceedings a...

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"High Court quashes sealing orders and affiliation suspension due to procedural lapses under the Maharashtra Public Universities Act, 2016."

The Court's ruling was based on the failure of the university to adhere to the mandatory procedures required under the Maharashtra Public Universities...