Search Results for "Finance Act 1978"

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Bombay High Court Dismisses Petition Challenging Industrial Court's Order Holding Retrenchment as Unfair Labour Practice. Non-compliance with Section 25F of Industrial Disputes Act renders retrenchment illegal and amounts to unfair labour practice under Item 9 of Schedule IV of MRTU & PULP Act.

The petitioner, Shekoba Auto Private Ltd., a company incorporated under the Companies Act, 1956, was engaged in the manufacture of automobile ignition...

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Supreme Court Dismisses PIL Challenging Jeevan Aadhar Policy Condition That Annuity Payable Only After Death of Proposer Under Section 80DD Income Tax Act. Court Holds That Policy Terms Align with Statutory Scheme and No Violation of Article 14.

The petitioner, Ravi Agrawal, a differently abled person, filed a Public Interest Litigation under Article 32 of the Constitution challenging the cond...

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Bombay High Court Allows Writ Petition Challenging Acceptance of Resignation by Air India. Resignation by employee was not voluntary but under duress due to trade union pressure, and employer failed to follow proper procedure under service rules.

The petitioner, Rakesh Rai, was an employee of M/s National Aviation Company of India (Air India), a government company and 'State' under Article 12 o...

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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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Bombay High Court Partially Sets Aside Arbitral Award in Shareholder Dispute Over Hotel Company Exit — Holds That Arbitrator Exceeded Jurisdiction by Granting Relief Beyond Scope of Reference and Without Proper Valuation.

The judgment pertains to two Commercial Arbitration Petitions arising from an arbitral award dated 5th April 2016. The petitioners (Panchamias Group a...

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High Court Allows Writ Petition by Retired SIDBI Employees -- Quashes Circular Denying Pension Benefits and Directs Payment of Arrears Under SIDBI Act and Pension Regulations

The High Court allowed a Writ Petition filed by retired SIDBI employees challenging a Circular that denied them pension benefits. The Court examined t...

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WRIT PETITION NO. 482 OF 2015

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