Search Results for "Section 421 Companies Act 2013"

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Search Results for "Section 421 Companies Act 2013"

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Supreme Court

Supreme Court Upholds Polluter Pays Principle in Tannery Pollution Case — Directs Comprehensive Compensation and Remediation for Environmental Degradation in Vellore District. The court affirmed that tanneries are strictly liable for ecological damage and health impacts, and the Loss of Ecology Authority's compensation assessment must be enforced with government backup liability.

13 Feb 2025

The Supreme Court of India delivered a landmark judgment addressing the severe environmental degradation caused by tannery industries in Vellore Distr...

High Court

High Court of Karnataka Dismisses Appeal of Bank Employee in Disciplinary Proceeding — Upholds Validity of Enquiry and Punishment of Dismissal. Appellant's challenge to disciplinary action on grounds of bias and violation of natural justice fails as court finds no procedural irregularity and punishment proportionate to misconduct.

15 Feb 2023

The appellant, Smt. Prem Latha Uppal, was a Senior Manager in Canara Bank. She was part of a Credit Sanction Committee that sanctioned an Open Cash Cr...

Supreme Court

Supreme Court Allows Appeal in Arbitration Case Due to Court Closure During Limitation Period — Condonation of Delay Granted. The period of court closure during winter vacation is excluded for computing limitation under Section 34(3) of the Arbitration and Conciliation Act, 1996.

23 Feb 2022

The appellant, aggrieved by an arbitral award dated 24.08.2016, sought to challenge it under Section 34 of the Arbitration and Conciliation Act, 1996....

High Court

Bombay High Court Dismisses Appeals Against Arbitral Award in Commodity Brokerage Dispute — Upholds Award of Damages for Unauthorized Trades and Deficiency in Service. The Court held that the arbitrator's findings on breach of contract and negligence were not perverse and did not warrant interference under Section 37 of the Arbitration and Conciliation Act, 1996.

30 Dec 2020

The case involves appeals filed by IFIN Commodities Limited (the appellant-broker) against an arbitral award that had been upheld by a Single Judge un...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claims — Apportionment of Negligence and Quantum of Compensation Reassessed. The court held the car driver solely negligent and enhanced compensation for injuries and death.

17 Dec 2018

The judgment arises from four appeals filed under Section 173(1) of the Motor Vehicles Act, 1988, against the judgment and award dated 13.12.2013 pass...

High Court

High Court of Bombay Dismisses Winding Up Petition for Lack of Service of Statutory Notice Under Section 434 of Companies Act, 1956. Petitioner Failed to Prove Respondent's Inability to Pay Debts as Statutory Notice Not Served at Registered Office.

10 Jan 2017

The petitioner, Store One Retail India Ltd., filed a company petition under the Companies Act, 1956 seeking winding up of the respondent, Waterfall In...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Deceased's Income Reassessed at Rs. 6,000 per Month with 50% Future Prospects and Multiplier of 17. The Court held that the Tribunal's assessment of income and multiplier was erroneous and enhanced compensation from Rs. 42,77,360 to Rs. 10,92,000 with 8% interest.

18 Jun 2015

The case arises from a motor accident claim petition filed by the widow and parents of the deceased, Narendra Rajarao Sulakhe, who died in a road acci...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Deceased was a Software Engineer aged 30 years, Tribunal awarded ₹42,77,360, High Court enhanced to ₹1,02,60,000 with 6% interest. The Court held that future prospects of 50% must be added for a 30-year-old software engineer and conventional heads enhanced following precedents.

18 Jun 2015

The case arises from a motor accident claim petition filed by Smt. M.R. Sushma, widow of late Narendra Rajarao Sulakhe, who died in a road accident on...

High Court

Bombay High Court Allows Decree Holder's Appeal in Execution Proceedings — Transfer of Attached Property Void Under Section 64 CPC. Sale of Property by Judgment Debtor After Attachment Order Cannot Defeat Decree Holder's Right to Execute Decree.

9 Sep 2014

The case arises from a First Appeal filed by Mrs. Meera Unnikrishnan, the decree holder, against the dismissal of her execution application by the Civ...

High Court

Bombay High Court Quashes Process Against Directors in Cheque Dishonour Case — Lack of Specific Allegations of Role in Day-to-Day Affairs. Directors Cannot Be Vicariously Liable Under Section 141 of Negotiable Instruments Act, 1881 Without Averments of Their Involvement in Company's Business.

5 Sep 2014

The petitioners, including a company and its directors, challenged the order issuing process under Section 138 read with Section 141 of the Negotiable...

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