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Supreme Court Allows Appeal of Former PNB MD & CEO Against Asset Freeze Orders in Gitanjali Gems Mismanagement Case. Section 241 Companies Act Powers Cannot Be Used to Attach Assets of Persons Unconnected with the Mismanaged Company.

The appeal was filed by Usha Ananthasubramanian, former Managing Director and CEO of Punjab National Bank (PNB), against orders of the NCLT and NCLAT ...

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High Court of Karnataka Allows Writ Petition for Refund of Rs.27.51 Crore Collected Under Coercion in GST Investigation — Mandamus Issued for Unlawful Recovery Without Adjudication. Court Holds That Recovery Without Adjudication Is Illegal and Violative of Article 265, and Directs Refund With Interest.

The petitioner, M/s. Bundl Technologies Private Limited, a company engaged in e-commerce, filed a writ petition under Article 226 of the Constitution ...

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Bombay High Court Dismisses Winding Up Petition for Lack of Bona Fides and Substantial Defence. Company's claim of disputed debt and pending civil suit found to be a bona fide defence against winding up under Sections 433 and 434 of the Companies Act, 1956.

The petitioner, M/s. Joshi Bullion Gems & Jewellery Pvt. Ltd., filed a winding up petition under Sections 433 and 434 of the Companies Act, 1956 again...

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Karnataka High Court Dharwad Bench Hears Revenue Appeal Against ITAT Order Deleting Penalty Under Section 271(1)(c) for Assessment Year 2006-07 Due to Defective Notice; Questions Validity of Penalty Initiation Despite Retrospective Amendment to Section 271(1B)

The appeal before the High Court of Karnataka, Dharwad Bench, arose from the order of the Income Tax Appellate Tribunal, Bengaluru, which had allowed ...

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Supreme Court Dismisses Petition for Transfer of Investigation in Rape Case Against IPS Officer. Investigation by Crime Branch allowed to continue as charge-sheet already filed and no bias established.

The petitioner, a woman, filed a writ petition seeking transfer of investigation from Delhi Police to an independent central agency in connection with...

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High Court of Karnataka Considers Petition Seeking Default Bail Under Section 167(2) CrPC. Accused Challenges Order Rejecting Statutory Bail on Grounds of Non-Filing of Charge Sheet within 90 Days.

The petitioner, Comanduru Parthasarathy, an accused in Crime No.82 of 2021 registered by Seshadripuram Police Station for various offences under the I...