Search Results for "Syndicate Bank"

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High Court of Karnataka Directs Police to Conduct Fair Investigation in Crime No.193/2022 in Accordance with Payment and Settlement Systems Act, 2007 and RBI/NPCI Guidelines — Petitioner PhonePe Private Limited seeks mandamus for comprehensive probe.

The petitioner, PhonePe Private Limited, a company registered under the Companies Act, 2013 and a Third Party Application Provider (TPAP) in the UPI e...

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Karnataka High Court Upholds Dismissal of Bank Officer in Disciplinary Proceedings for Reckless Lending and Negligent Compromise of Securities. Non-furnishing of Investigation Report Did Not Prejudice Defence as Charges Were Based on Clear Evidence and Admission.

The appellant, Sri M R Nagarajan, a former Branch Manager of Syndicate Bank (later merged with Canara Bank), was subjected to a disciplinary enquiry o...

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Supreme Court Allows Bank's Appeal Against Confiscation Orders Under Central Excise Act and SARFAESI Act. Commissioner's Use of Omitted Rule 173Q(2) Invalid and SARFAESI Act Grants Priority to Secured Creditors Over Excise Dues.

The appeal arose from a judgment of the Allahabad High Court dismissing a writ petition filed by Punjab National Bank. The bank had extended credit fa...

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Bombay High Court Dismisses MSEDCL's Application to Declare Arbitral Award Satisfied as Vexatious and Dilatory. Unilateral Deposit of Disputed Amount Without Decree-Holder's Consent Does Not Discharge Judgment-Debtor Under Section 31 CPC.

The case involves a Chamber Summons filed by Maharashtra State Electricity Distribution Company Limited (MSEDCL), the unsuccessful respondent in an ar...

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Bombay High Court Allows Winding Up of S. Kumars Nationwide Ltd. for Inability to Pay Debts. Multiple financial creditors and operational creditors successfully proved the company's insolvency under Sections 433(e) and 434 of the Companies Act, 1956.

The judgment concerns a batch of company petitions filed by various financial creditors and operational creditors seeking the winding up of S. Kumars ...

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Bombay High Court Dismisses Challenge to Arbitral Award in Leave and License Dispute — Petitioner's Breach of Agreement Upheld. Arbitrator's Award of Rs. 90 Lakhs Damages with Interest Not Patently Illegal Under Section 34 of the Arbitration and Conciliation Act, 1996.

The petitioner, Ropa Plastics Private Ltd., filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral a...

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Bombay High Court Upholds Government's Power to Issue Directions to Appellate Authority Under MHADA Act — Directions Issued Under Section 164 of the Maharashtra Housing and Area Development Act Are Binding on Appellate Authority

The judgment concerns two writ petitions filed by employees of the Maharashtra Housing and Area Development Authority (MHADA) challenging disciplinary...