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Supreme Court Upholds Validity of Forward Contract Prohibition; Contracts Void Under Section 3 of Travancore-Cochin Public Safety Measures Act 5 of 1950. Pre-Constitution Bill Did Not Require President’s Sanction Under Article 304(b) as No Amendment Covered by Article Was Moved.

The dispute arose from forward contracts for the purchase of coconut oil entered into in 1952 in the former Cochin State. The respondent, a commission...

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Bombay High Court Dismisses Petition Challenging Permission to File Written Statement Beyond Limitation in Specific Performance Suit. Order VIII Rule 1 CPC Held Directory; Legal Representatives of Deceased Defendant Allowed to File Written Statement as No Prejudice Caused to Plaintiff.

The petitioner, Subhash Dhanraj Sankla, filed a suit for specific performance of an agreement to sell a property owned by Rhoda Phiroze Noble. The ori...

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Madras High Court Dismisses Revenue's Appeals in Insurance Company Tax Case — Upholds ITAT Order on Disallowance of Claims and Deductions. The court held that the assessee's method of accounting for outstanding claims and the deduction under Section 80M were correctly allowed by the Tribunal.

The case involves a batch of appeals filed by the Principal Commissioner of Income Tax, Chennai, under Section 260A of the Income Tax Act, 1961, again...

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Bombay High Court Dismisses Writ Petition Against SARFAESI Auction Sale for Lack of Alternative Remedy. Petitioner's challenge to auction sale of secured assets fails as remedy under Section 17 of SARFAESI Act before DRT was not exhausted.

The petitioner, Umang Sugars Private Limited, filed a writ petition before the Bombay High Court challenging the auction sale of movable and immovable...

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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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High Court of Judicature at Bombay Adjudicates Writ Petitions Concerning Recruitment Selection List Dispute. Petitioners Challenged Final Select List Prepared by Maharashtra Public Service Commission; Court's Decision Not Extracted from Provided Text.

The provided judgment text comprises only the preliminary pages of a judgment from the High Court of Judicature at Bombay, specifically the case heade...

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WRIT PETITION NO. 6608 OF 2016

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