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Supreme Court Dismisses Appeal of Suspended Director Against Admission of Insolvency Petition by Canara Bank Under Section 7 of IBC. Held that a suspended director has no locus standi to challenge the admission of a Section 7 application as the corporate debtor is the proper party.

The case involves an appeal by M. Suresh Kumar Reddy, claiming to be a suspended director of M/s Kranthi Edifice Pvt. Ltd. (corporate debtor), against...

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Bombay High Court Dismisses Section 9 Arbitration Petition Against Guarantors Due to Lack of Privity of Contract. Guarantee Deed Not Signed by Petitioner, No Arbitration Agreement Between Petitioner and Respondents.

The petitioner, L&T Finance Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim relief against the...

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Bombay High Court Dismisses Quashing Petition in Forgery Case — Social Activists’ FIR Challenge Rejected. Allegations of Theft and Forgery of Demand Drafts Against Ex-Minister Require Investigation, Quashing Petition Dismissed Under Section 482 CrPC.

The present proceedings involved a criminal writ petition and criminal application filed under Section 482 of the Code of Criminal Procedure, 1973, an...

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High Court of Karnataka Quashes Preliminary Investigation Report and FIR in Lokayukta Corruption Case — Lack of Sanction Under Section 197 CrPC and Section 19 PC Act. Investigation Initiated Without Valid Sanction Against Public Servant is Void Ab Initio.

The petitioner, Sri C. Mruthyunjayaswamy, a Chief Engineer in the National Highways department, filed a writ petition under Articles 226 and 227 of th...

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High Court of Karnataka Dismisses Appeal by Corporate Debtor Against Banks in SARFAESI Act Proceedings — Civil Suit Barred Under Section 34 of SARFAESI Act as Alternative Remedy Under Section 17 Before DRT Exists.

The appellant, Kingfisher Airlines Limited, a company registered under the Companies Act, 1956, had availed various credit facilities from a consortiu...