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Bombay High Court Dismisses Appeal by Videocon Industries Against Winding Up Order for Non-Payment of Guarantee Debt to Italian Bank. Patronage Letter Held to Be a Guarantee Under Indian Contract Act, 1872, and Claim Not Time-Barred.

The case involves an appeal by Videocon Industries Limited against an order of the Company Judge directing payment of Rs.259.73 crores to Intesa Sanpa...

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High Court of Karnataka Allows Insurance Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased. Claimants' Cross-Objections Dismissed as Deceased Pedestrian Was Crossing Highway Without Caution, Contributing 50% to Accident.

The case arises from a motor accident claim petition filed by the parents of a deceased 25-year-old bachelor who died in a road accident involving a c...

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Gujarat High Court Allows Revision Against Rejection of Discharge in Land Grabbing Case — Applicant Initially a Witness Later Made Accused. Court Directs Reconsideration of Discharge Application Under Section 239 CrPC Considering Change in Status.

The applicant, Tushar Prakashchandra Modi, filed a Criminal Revision Application under Section 438 read with Sections 442 and 528 of the Bharatiya Nag...

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Bombay High Court Allows Writ Petition in Sabka Vishwas Scheme Case — Petitioner Entitled to Interest on Delayed Refund Under Section 127 of Finance Act, 2019. The court held that the respondents' delay in refunding the amount under the scheme attracts interest liability.

The petitioner, Quant Broking Pvt Ltd, a stock broker and member of various stock exchanges, filed a declaration under the Sabka Vishwas (Legacy Dispu...

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Madras High Court Allows Petition to Withdraw Look Out Circular Issued Under BNSS 2023 Against Accused in Cheating Case. Court Holds That Once Accused is Arrested and Released on Bail, the Purpose of LOC is Served and it Must be Withdrawn.

The case arose from a criminal original petition filed under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023, by Dinesh Kumar, an Assistan...

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Bombay High Court Allows Appeal in Company Law Dispute Over Share Transfer and Gift Validity. Statutory Register Prevails Over Returns Filed with Registrar of Companies in Case of Conflict.

The present appeal is filed under Section 10-F of the Companies Act, 1956, challenging the order and judgment passed by the Company Law Board. The app...