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Supreme Court Allows Bank's Appeal, Holds Borrower of Project Loan Not a Consumer Under Consumer Protection Act, 1986. Loan availed for commercial purpose of film post-production excludes company from consumer definition under Section 2(1)(d)(ii).

The Supreme Court considered two appeals arising from an order of the National Consumer Disputes Redressal Commission (NCDRC) dated 30.08.2023. The ap...

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Supreme Court Allows Bank's Appeal Against High Court's Mandamus to Consider OTS Application. Court Holds That No Writ of Mandamus Can Be Issued to Direct a Bank to Grant One Time Settlement Benefit Under Article 226 of the Constitution.

The present appeal arises from a judgment of the Allahabad High Court which, in exercise of powers under Article 226 of the Constitution of India, iss...

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Bombay High Court Dismisses Writ Petition Challenging Auction Sale of Property by Co-operative Bank Under Section 101 of Maharashtra Co-operative Societies Act, 1960 — Auction Sale Confirmed Despite Alleged Irregularities as Petitioner Failed to Prove Fraud or Collusion.

The petitioner, M/s. Priyesh Land Developers, a partnership firm, filed a writ petition challenging the auction sale of its property by the respondent...

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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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High Court of Karnataka Dismisses Petitions Challenging Election Notification for Co-operative Banks. Rule 3(2) of Karnataka Co-operative Societies Rules, 1960 Held Directory, Not Mandatory.

The petitioners, various Primary Agricultural Credit Co-operative Societies, filed writ petitions challenging the election notification issued by the ...

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Bombay High Court Allows Revision Petition by Tenants in Eviction Suit — Landlord's Bonafide Need Not Proved. Requirement of Suit Premises for Business of Son-in-law Not Established as Bonafide Need Under Section 13(1)(g) of Bombay Rents, Hotel and Lodging House Rates Control Act, 1947.

This Civil Revision Application was filed by the original defendants/tenants, Smt. Gumfabai Dattalal Jaiswal and Pramod Dattalal Jaiswal, challenging ...