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High Court Dismisses Appeal Against Winding-Up Order in Bond Default Case; Upholds Adverse Remarks Against Directors for Fund Diversion. Company Found Unable to Pay Debts and Substratum Lost, Justifying Winding Up Under Sections 433(e) and 433(f) of Companies Act, 1956.

The appeal arose from a winding-up order passed by the learned company Judge against Zenith Infotech Limited (the appellant) in a petition filed by Th...

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Bombay High Court Dismisses Bank Employee's Petition to Withdraw Voluntary Retirement Application Under Vijaya Bank's Special VRS Scheme. The Application Was Held Irrevocable Under Clause 11.2.0 of the Scheme, and the Employee Could Not Withdraw After Acceptance Even Before Relieving Date.

The dispute arose from an application for voluntary retirement submitted by the petitioner, an Assistant Manager of Vijaya Bank, under the Vijaya Bank...

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Bombay High Court Reviews Special Court Order Refusing Compounding of SEBI Offences Under Section 24A. Special Court's Reliance on SEBI's Refusal without Independent Assessment Misdirected Jurisdiction, Citing Prakash Gupta Precedent.

The Bombay High Court considered a criminal application under Section 482 of the Code of Criminal Procedure, 1973 challenging an order of the SEBI Spe...

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Bombay High Court Allows Second Appeal in Teacher Appointment Dispute — Violation of Government Directives Under Grant-in-Aid Code Can Give Rise to Civil Suit. Government Resolutions and Notifications Issued for Regularising Grant-in-Aid Code Are Not Mere Administrative Orders but Binding Directions.

The appellant, Tukaram Pandurang Matekar, was the original plaintiff. He was a graduate holding an S.T.C. Diploma and was appointed as a trained teach...

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Bombay High Court Allows Second Appeal in Teacher Appointment Dispute — Violation of Government Directives Under Grant-in-Aid Code Can Give Rise to Civil Suit. Government Resolutions and Notifications Issued for Regularising Grant-in-Aid Code Are Not Mere Administrative Orders but Binding Directions.

The case involves a Second Appeal filed by the original Plaintiff, Tukaram Pandurang Matekar, against the Head Master of Sant Dnyaneshwar High School ...

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Supreme Court Adjudicates on Regularization of Muster Roll Workers in Assam. Division Bench's Reversal of Single Judge's Regularization Direction Under Scrutiny.

The present batch of appeals originated from a common judgment and order dated 8th June 2017 passed by the Division Bench of the Gauhati High Court in...

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Supreme Court Allows Appeal in Bond Redemption Dispute, Upholding Defendant's Compliance with RBI Directives. Interest on Delayed Payment Not Payable Due to Regulatory Embargo and Pending Liquidation Proceedings Under Companies Act, 1956.

The dispute arose from a suit filed by M/s. SIBCO Investment Pvt Ltd against Small Industries Development Bank of India seeking interest on alleged be...