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Bombay High Court Dismisses Appeal Against Refusal of Leave to Execute Consent Decree in Company Liquidation. Consent Decree Declared Void as Fraudulent Preference Under Section 446 of Companies Act, 1956.

The appeal arose from an order of the Company Judge refusing leave under Section 446 of the Companies Act, 1956 to the appellant, Forbes & Company Lim...

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High Court of Karnataka Dismisses Appeal in Insurance Claim Dispute — Policy Condition Precedent Not Fulfilled. Export Credit Guarantee Corporation's denial of claim upheld as appellant failed to comply with mandatory condition requiring prior approval for extending credit period beyond policy terms.

The appellant, Prakruthi Products Pvt. Ltd., an exporter of herbal extracts, held an export credit insurance policy with the Export Credit Guarantee C...

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High Court of Karnataka Dismisses Appeal by Exporter in Insurance Claim Dispute — Policy Condition Precedent Not Fulfilled. Failure to Obtain Prior Written Consent from ECGC for Extended Credit Terms Bars Recovery Under Section 13(1-A) of Commercial Courts Act, 2015.

The appellant, Prakruthi Products Pvt. Ltd., an exporter of herbal extracts, held an insurance policy with the Export Credit Guarantee Corporation of ...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim and Upholds Insurance Company's Liability. Claimants awarded increased compensation with 6% interest; insurer's appeal against liability dismissed.

The judgment pertains to two cross-appeals arising from the same accident claim. The claimants, Laxmibai and her children, filed MFA 12587/2007 seekin...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim and Upholds Insurance Company's Liability. Claimants awarded increased compensation with 6% interest per annum from date of petition.

The case involves two appeals arising from the same judgment and award dated 01.08.2006 passed by the Motor Accident Claims Tribunal, Muddebihal, in M...

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High Court of Karnataka Upholds Conviction in Cheque Dishonour Case — Presumption of Legally Enforceable Debt Under Section 139 NI Act Not Rebutted. Cheque Issued as Security for Advance of Rs.80 Lakh Dishonoured — Accused Failed to Prove Absence of Debt.

The case arises from a complaint filed by HMT (International) Limited, a public limited company, against M/s Nucor Wires Limited and its directors (th...