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High Court of Karnataka Hears Writ Petition Seeking Enforcement of RBI COVID-19 Moratorium Package. Petitioner Challenges Banks' Denial of Moratorium Under RBI Circular Dated 27.03.2020.

Velankani Information Systems Limited, a company operating an IT park and a five-star hotel in Bengaluru, availed term loans aggregating Rs. 475 crore...

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Bombay High Court Upholds De-freezing of Bank Accounts with Bank Guarantee Condition in Cheating Case. Court holds that Section 102 CrPC freezing cannot be indefinite and must be balanced against right to carry on business, directing furnishing of bank guarantee for de-freezing.

The case involves two applications under Section 482 of the Code of Criminal Procedure, 1973. The first application (APL No.191 of 2024) is filed by t...

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High Court of Karnataka Acquits Accused in Attempt to Murder Case Due to Inconsistent Evidence and Failure to Prove Intent. Conviction under Section 307 IPC set aside as prosecution failed to establish beyond reasonable doubt that the accused had the requisite intention to cause death.

The case arises from a criminal appeal filed by Mallikarjuna Reddy and K. Parameshwara Reddy against their conviction by the Principal Sessions Judge,...

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Supreme Court Hears Appeals Filed by Convicts in Akshardham Temple Terror Attack Case. Appeals Challenge Convictions Under POTA, IPC, Arms Act, and Explosive Substances Act for Conspiracy and Murder of 33 Persons.

The Supreme Court of India heard criminal appeals filed by the convicted accused-appellants challenging their conviction and sentences awarded by the ...

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Supreme Court Upholds High Court in Capital Gains Tax Case — Accrual Occurs on Date of Award, Not Notification. Transfer of Capital Asset Under Section 45 of Income-tax Act, 1961 Is Complete Only When Compensation Is Determined by Collector's Award, Even if Possession Taken Earlier.

The case concerns the assessment year 1971-1972 for the assessee Amrik Singh HUF, whose land was acquired by the Haryana Government for a college play...

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Bombay High Court Upholds Compulsory Retirement of Bank Manager for Misconduct in Loan Sanctions. Disciplinary Proceedings Valid as Charges of Failing to Exercise Due Diligence and Integrity in Sanctioning Loans Were Established, and Penalty Not Disproportionate.

The petitioner, R.M. Yadav, was a Branch Manager at Bank of India's Agardanda branch. In 2003, disciplinary proceedings were initiated against him for...

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Bombay High Court Dismisses Petition Challenging Dismissal of Watchman for Misconduct in University College. Enquiry Found Fair and Proper Under Standard Code Rules, 1984; No Perversity in Tribunal's Findings.

The petitioner, Mallinath Vithal Vathakar, was appointed as a watchman (Class IV) in Sree Narayan Guru College of Commerce on 19 October 1996 and late...

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Bombay High Court Quashes FIR in Abetment to Suicide Case — Business Dispute Not Sufficient to Attract Section 306 IPC. Financial Transactions and Recovery of Money Without Instigation Do Not Constitute Abetment to Suicide Under Section 306 IPC.

The petitioners, four individuals, were accused in Crime No. 156 of 2014 registered under Section 306 read with Section 34 of the Indian Penal Code (I...