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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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High Court of Karnataka Allows Appeal in NI Act Case — Restores Conviction for Cheque Dishonour. Presumption under Section 139 of Negotiable Instruments Act, 1881 stands unless accused rebuts with probable defence.

The appeal was filed by the complainant, Smt. G. Suma, challenging the judgment of acquittal dated 29.01.2011 passed by the Presiding Officer, Fast Tr...

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Bombay High Court Acquits Accused in Murder Case Due to Lack of Credible Evidence and Unreliable Circumstantial Links. Conviction under Sections 302, 392, 201 IPC Set Aside as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

The appellants, Anandrao @ Anil Baban Kharade and Vijay Hiraman Bahare, were convicted by the adhoc Additional Sessions Judge, Greater Bombay at Sewre...

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Bombay High Court Allows Revision Application and Discharges Accused in Abetment of Suicide Case Due to Lack of Evidence of Instigation or Harassment. Allegations of money lending and harassment not substantiated by material on record to frame charge under Section 306 IPC.

The case involves a criminal revision application filed by Gurunath Laxman Gawli and Sangita Gurunath Gawli, who were accused in Crime No.455 of 2014 ...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Guarantee Enforcement Case. Personal Guarantors Held Liable Despite Principal Borrower's Corporate Insolvency Resolution Process Under Section 14 of IBC.

The petitioners, Jamboo Kumar Jain and Praful Kumar Jain, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging...