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Bombay High Court Allows Auction Purchasers' Petition in SARFAESI Act Case Due to Overriding Effect of Section 26E Over MVAT Act. Property Purchased in SARFAESI Auction Held Free from Prior Sales Tax Attachment Under Section 38C of MVAT Act.

The petitioners, Shailesh K. Bothra and Mukesh C. Karwa, were auction purchasers of a property sold by Cholamandalam Investment & Finance Co. Ltd. (pe...

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Bombay High Court Quashes Bank's Wilful Defaulter Declaration for Violating Natural Justice. Show-cause notice lacking specific grounds renders the decision invalid under RBI Master Circular on Wilful Defaulters.

The petitioners, Nitin Shah, Rahul Shah, and Kunal Shah, who were directors of Nitin Fire Protection Industries Ltd. (the corporate debtor under CIRP)...

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Karnataka High Court Hears Petition to Quash FIR Against Company and Director Over Tampered RFID E-Seals. Allegations Involved Offences Under IT Act and IPC for Submitting False Reports and Compromising Container Security.

The case stemmed from the Government of India's implementation of electronic sealing for containerized export cargo using RFID tamper‑proof e‑seal...

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Supreme Court Allows Appeals Against Appointment of Arbitrator in WAPCOS Ltd. v. Salma Dam Joint Venture. The court held that the arbitration agreement was novated by a subsequent amendment and that the petitioner lacked authority to invoke arbitration after revocation of power of attorney.

The Supreme Court of India heard appeals against the Delhi High Court's order appointing a sole arbitrator under Section 11(6) of the Arbitration and ...

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High Court of Karnataka at Bengaluru Examines Challenge to Appointment of Administrator for Cooperative Bank; Petitioners Contend That Appointment by Joint Registrar on State's Instruction Lacked Independent Application and Was Invalid Under Karnataka Co-operative Societies Act, 1959.

The matter arose from two writ petitions consolidated before the High Court of Karnataka at Bengaluru. The petitioners, primary cooperative societies ...