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High Court of Gujarat Upholds Disciplinary Action Against Chartered Accountant for Professional Misconduct in Bank Audit. Failure to Report Irregular Loans and Deficient Documentation Constitutes Negligence Under Section 21(5) of the Chartered Accountants Act, 1949.

This is a case reference under Section 21(5) of the Chartered Accountants Act, 1949, arising from a complaint by Smt. Prabha S. Prasad, General Manage...

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Supreme Court Dismisses Section 11 Petition for Appointment of Arbitrator in Favor of ICC Arbitration Under Umbrella Agreement. Disputes arising from multiple purchase orders and a pricing agreement are governed by the arbitration clause in the umbrella agreement, not individual purchase orders.

The case involves a dispute between Balasore Alloys Limited (petitioner/applicant) and Medima LLC (respondent) arising from a business transaction for...

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Bombay High Court Acquits Talathi in Corruption Case Due to Lack of Independent Witness and Inconsistent Evidence. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 7, 13(1)(d) read with 13(2) of Prevention of Corruption Act, 1988.

The appellant, Appasaheb Narayan Jadhav, a Talathi (public servant) in Dafalapur, Sangli, was convicted by the Special Judge, Sangli, for offences und...

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Bombay High Court Allows Appeal in Trust Dispute, Sets Aside Removal of Trustees Under Bombay Public Trust Act. Court holds that the Charity Commissioner's order removing trustees was without jurisdiction as the dispute was not a 'change' under Section 22 of the Act.

The case involves a dispute among trustees of an educational trust registered under the Bombay Public Trust Act, 1950. The appellants, who were truste...