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Bombay High Court Quashes Provisional Acceptance of Change Report in Trust Dispute Due to Non-Application of Mind and Delay Beyond Statutory Period. Section 22(2) of Maharashtra Public Trusts Act, 1950 requires provisional acceptance within 15 days of change report; order passed after 5 months is invalid.

The petitioner, Banjara Shikshan Prasarak Mandal, Balsur through its Secretary Gulabdas Nandu Chavan, filed a writ petition challenging two orders: (1...

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Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...

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Bombay High Court Allows Petition of Elected President in Municipal Council Disqualification Dispute — President Retains Authority to Preside Despite Notice of Disqualification. No Disqualification Without Final Order Under Maharashtra Municipal Councils Act, 1965.

The petitioner, Dr. Gazala Yasmeen, was elected as President of Mangrulpir Municipal Council on 31st December 2016 under Section 51A1A(1) of the Mahar...

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Bombay High Court Acquits Appellants in Kidnapping for Ransom Case Due to Lack of Evidence and Unreliable Witnesses. Conviction under Section 364-A IPC set aside as prosecution failed to prove demand of ransom and identity of accused beyond reasonable doubt.

The judgment pertains to three criminal appeals filed by Mohammad Imdar Ali (A-4), Srinivas Gauramkondu (A-2), and Suraj Kumar Jha (A-3) challenging t...

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High Court of Bombay at Goa Upholds Conviction of Appellants in Kidnapping for Ransom Case Under Section 364-A IPC — Life Sentence Confirmed Based on Circumstantial Evidence and Identification of Victim and Accused.

The case involves three appeals filed by Mohammad Imdar Ali (A-4), Srinivas Gauramkondu (A-2), and Suraj Kumar Jha (A-3) against their conviction and ...

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...