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Gujarat High Court Allows Revision Application by Chartered Accountant Against Condonation of Delay in Companies Act Prosecution. Delay of Over 7 Years in Filing Complaint Under Section 227/233 of Companies Act, 1956 Not Sufficiently Explained, Prosecution Barred by Limitation.

The present revision application was filed by Yogendra Gangawat, a practicing chartered accountant, challenging the order dated 03.09.2013 passed by t...

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Gujarat High Court Quashes FIR in Bank Loan Fraud Case Due to Full Repayment and No Due Certificate. Court holds that continuation of criminal proceedings after full satisfaction of loan and issuance of No Due Certificate would be an abuse of process of law under Section 482 CrPC.

The applicant, Sanjay Jivrajbhai Satodiya, filed a criminal miscellaneous application under Section 482 of the Code of Criminal Procedure, 1973 before...

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Supreme Court Hears Constitutional Challenge to COFEPOSA Preventive Detention Powers for Foreign Exchange Violations. Petitioners Contend Absence of Penal Provisions Under FEMA Renders Section 3(1) Unconstitutional.

The writ petition under Article 32 of the Constitution was filed directly in the Supreme Court challenging the constitutional validity of Section 3(1)...

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Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...

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Supreme Court Dismisses Appeal by Erstwhile Directors in First Insolvency Case, Holding IBC Overrides State Moratorium. Corporate Debtor's Belated Defence of Non-Disbursal Under Master Restructuring Agreement Rejected as After-Thought.

The case arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The appellant, a multi-product company, faced ...

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Bombay High Court Dismisses Petition Challenging Show Cause Notice for Export of Product Containing Methyl Ethyl Ketone Without NOC. Interpretation of Schedule-B of NDPS (Regulation of Controlled Substances) Order, 2013 Requires Factual Investigation.

The petitioner, Dow Chemical International Pvt. Ltd., filed a writ petition seeking a declaration that it is not required to obtain a No Objection Cer...