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Bombay High Court Dismisses Cross Execution Applications in Share Sale Dispute, Holds Loan Included in Consideration. The court upheld the decree for specific performance of an email agreement, ruling that the loan amount of Rs.10,32,55,000/- was part of the Rs.36.75 crore consideration.

The case arises from a dispute between two groups, the Kotharis and the Agarwals, who were equal shareholders in a company called Special Ear, Nose an...

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Supreme Court Upholds Validity of Section 17(2)(viii) of Income Tax Act and Rule 3(7)(i) of Income Tax Rules in Bank Employee Loan Perquisite Case. Delegation of Power to Prescribe Fringe Benefits Held Not Excessive and Use of SBI Prime Lending Rate as Benchmark Upheld as Non-Arbitrary.

The Supreme Court, in a common judgment, dismissed appeals filed by staff unions and officers' associations of various banks challenging the constitut...

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Bombay High Court Allows Petition Seeking Payment of Insurance Policy Amount to Nominee. LIC Directed to Pay Balance Interest on Delayed Payment Under Life Insurance Policy.

The petitioner, Ashwin Liladhar Shah, filed a writ petition under Article 226 of the Constitution of India seeking a mandamus against the Life Insuran...

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High Court of Karnataka Upholds Maintenance Order Under Section 125 Cr.P.C. — Husband Directed to Pay Maintenance to Wife and Minor Children. The court found no illegality in the Sessions Judge's order enhancing maintenance to Rs.1,000/- for wife and Rs.750/- each for minor daughters.

The petitioner, Ravi, filed a criminal petition under Section 482 Cr.P.C. challenging the order dated 01.10.2012 passed by the Fast Track Court and Se...

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High Court of Karnataka Upholds Maintenance Order Under Section 125 Cr.P.C. for Wife and Minor Children — Husband's Neglect Established. Maintenance Award of Rs.1,000/- to Wife and Rs.750/- Each to Children Upheld as Just and Proper.

The petitioner, Ravi, is the husband of respondent No.1 and father of respondent Nos.2 and 3. Respondent No.1 filed Crl.Misc.Petition No.314/2010 unde...