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Madras High Court Allows Bank's Appeal in Bank Guarantee Invocation Dispute — No Fraud or Irretrievable Injustice Established. Bank Guarantee Cannot Be Restrained Except in Cases of Fraud or Irretrievable Injustice Under Contract Law Principles.

The second defendant bank (Canara Bank) filed a second appeal against the judgment and decree of the first appellate court, which had directed the ban...

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Bombay High Court Considers Appeal Against Single Judge's Order in Insolvency Petition Involving Disputed Possession of Flat. The Appeal Challenges Disposal of Motions by Official Assignee and Secured Creditor Under SARFAESI Act.

The appeal arose from an order passed by a Single Judge of the Bombay High Court disposing of two notices of motion and a report in an insolvency peti...

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Bombay High Court Dismisses Bank's Revision Against Trial Court's Jurisdiction Ruling in SARFAESI Act Suit. Civil Court Has Jurisdiction to Entertain Suit for Permanent Injunction Against Re-auction of Mortgaged Property Despite SARFAESI Act Provisions.

The respondent, original plaintiff, filed Regular Civil Suit No.1756 of 2014 seeking a permanent injunction restraining the applicant bank from re-auc...

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High Court of Karnataka Dharwad Bench Hears Batch of Motor Accident Claims Appeals Against Awards of Additional MACT, Kumta. Claimants Seek Enhancement of Compensation and Insurers Challenge Liability in Multiple Motor Vehicles Act, 1988 Cases.

The matter involves a batch of appeals filed under Section 173(1) of the Motor Vehicles Act, 1988 against the judgment and award dated 31.12.2011 pass...

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Bombay High Court Dismisses Petition Challenging Forfeiture of Gratuity for Bank Employee Found Guilty of Financial Irregularities. Disciplinary Inquiry Sufficient for Forfeiture Under Section 4(6) of Payment of Gratuity Act, 1972; Acts Amount to Wilful Omission and Moral Turpitude.

The petitioner, Nanubhai Nichhabhai Desai, worked as a clerk with UCO Bank for over 31 years. His services were terminated by compulsory retirement wi...