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Bombay High Court Quashes Charge-Sheet Against Retired Bank Employee for Being Issued After Superannuation. Service Regulations Require Charge-Sheet Before Retirement to Continue Proceedings; Show Cause Notice Prior to Retirement Insufficient.

The petitioner, Vijay Kewalramji Randive, was an employee of Vidarbha Konkan Gramin Bank (the respondent). He was issued a show cause notice on 8 Marc...

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Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

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High Court Allows Writ Petition for Maternity Benefits Under Maternity Benefit Act 1961 -- Contractual Doctor Granted Maternity Leave Despite Municipal Corporation's Denial Based on Contractual Status

The High Court of Bombay allowed a writ petition filed by Petitioner, a contractual Assistant Professor at Seth G.S. Medical College and K.E.M. Hospit...

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High Court of Karnataka Allows Appeal Against Injunction Restraining Bank from Enforcing Corporate Guarantee. The court set aside the injunction as the guarantee deed was unconditional and the bank had a prima facie case under Order 39 Rules 1 and 2 of CPC, enabling it to proceed under SARFAESI Act and IBC.

The appeal arose from an order dated 25.07.2024 passed by the LXXXV Additional City Civil and Sessions Judge, Bengaluru (Commercial Court) in I.A. No....

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High Court of Karnataka Directs Refund of Forfeited Auction Amount in SARFAESI Sale Due to Bank's Failure to Issue Sale Certificate. Bank's Failure to Perform Reciprocal Promise Discharges Bidder from Obligation to Pay Balance.

The petitioner, Sri Kalyanamurthy K., participated in an e-auction conducted by the State Bank of India (respondent) for the sale of an immovable prop...