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Bombay High Court Grants Interim Injunction Restraining Bank from Enforcing Guarantee and Pledge Against Company Pending Company Law Board Proceedings. Alleged Fraudulent Assumption of Liability by Directors Without Shareholder Consent Raises Serious Questions to be Tried.

The applicant, Rajinder Kumar Malhotra, filed an application in a pending company appeal seeking an interim injunction to restrain HDFC Bank from reco...

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High Court of Karnataka Considers Writ Petition for De-freezing of Bank Account in Alleged Crypto Currency Fraud Case. Petitioner Claims Innocence and Non-Compliance with Section 102 Cr.P.C.

The petitioner, a businessman engaged in oil trading, filed a writ petition under Articles 226 and 227 of the Constitution of India read with Section ...

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Bombay High Court Allows Writ Petition Challenging Election Authority's Order Excluding Primary Milk Societies from Voters List for Federal Society Elections. Cut-off Date for Membership Eligibility Must Be Prospective and Not Retrospective Under Maharashtra Co-operative Societies Act, 1960.

The petitioners, two primary milk cooperative societies, were members of the respondent no.4 federal society (Pune Zillha Sahakari Dudh Utpadak Sangh ...

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Bombay High Court Dismisses Enforcement Directorate Appeals in FERA Contravention Cases Due to Lack of Evidence and Limitation. Held that mere suspicion cannot substitute proof and that adjudication proceedings under FERA must be initiated within a reasonable time.

The case involves a batch of appeals filed by the Union of India through the Enforcement Directorate against orders of the Appellate Tribunal for Fore...

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Bombay High Court Dismisses Petition Challenging Termination of Managing Director by ICICI Bank. Court upholds termination based on adverse enquiry report and RBI approval, rejecting challenge to communication of approval.

The petitioner, Chanda Deepak Kochhar, was the Managing Director and CEO of ICICI Bank. She joined the bank in 1984 and held various positions until h...

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Bombay High Court Dismisses Writ Petition Challenging Bank's Possession Under SARFAESI Act — Alternative Remedy Before DRT Must Be Exhausted. Writ Petition Not Maintainable as SARFAESI Act Provides Complete Mechanism for Aggrieved Persons Under Section 17.

The petitioners, Dr. Anil Nandkishor Tibrewala and his wife, owned a flat in Mumbai. They had mortgaged the flat to Jammu and Kashmir Bank Ltd. (respo...