Search Results for "demand promissory note"

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Search Results for "demand promissory note"

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Supreme Court

Supreme Court Dismisses Bank's Appeal in Consumer Dispute Over Cheque Clearing Deficiency. Bank held liable for deficiency in service under Consumer Protection Act, 1986 due to negligence in presenting cheques within validity period, with compensation awarded for loss caused by expired cheques.

15 Apr 2026

The Supreme Court of India heard two civil appeals filed by Canara Bank against a judgment of the National Consumer Disputes Redressal Commission. The...

Supreme Court

Supreme Court Allows Appeal Against Quashing of Complaint Under Sections 138 and 141 of Negotiable Instruments Act, 1881 — Vicarious Liability of Office Bearers of Society Can Be Inferred at Summoning Stage. The High Court erred in quashing proceedings against office bearers without considering specific averments in the complaint that they were in charge of and responsible for the conduct of business.

1 Jan 2026

The appellant, M/s Mansi Finance (Chennai) Ltd., a finance company, filed a private complaint under Sections 138 and 141 of the Negotiable Instruments...

Tribunals

NCLAT Allows Appeal by Financial Creditor in Insolvency Case — Loan Agreement and Default Proven, Adjudicating Authority Erred in Rejecting Application Under Section 7 of IBC, 2016. Loan advanced by NBFC to Corporate Debtor under Facility Agreement constitutes financial debt under Section 5(8) IBC, and Section 7 application filed within limitation period must be admitted.

3 Jul 2025

The present appeal was filed by M/s Lok Sewak Leasing & Investment Pvt. Ltd., a Non-Banking Financial Company (NBFC) registered with the Reserve Bank ...

Supreme Court

Supreme Court Dismisses Appeals of Industrial Units Seeking Rebate on Electricity Tariff in Goa. Rebate Scheme Rescinded Before Power Connections; Subsequent Notifications Declared Void Ab Initio.

17 Feb 2025

The Supreme Court dismissed a batch of civil appeals filed by industrial units (Puja Ferro Alloys P Ltd., Karthik Alloys Ltd., Karthik Inductions Ltd....

Supreme Court

Supreme Court Restores POCSO and IT Act Charges in Child Pornography Case — High Court Erred in Quashing Chargesheet Without Considering Presumption of Culpable Mental State. Possession of Child Pornographic Material, Even Without Intent to Distribute, Constitutes an Offence Under Section 15(1) of POCSO and Section 67B of IT Act.

23 Sep 2024

The Supreme Court allowed the appeals filed by Just Rights for Children Alliance and another child rights organization against the judgment of the Mad...

Supreme Court

Supreme Court Dismisses LIC's Appeal on Stamp Duty for Insurance Policies in Rajasthan. State Has Legislative Competence Under Concurrent List to Collect Stamp Duty on Insurance Policies, But Relief Granted on Facts.

30 Apr 2024

The Supreme Court considered an appeal by the Life Insurance Corporation of India (LIC) against a judgment of the Rajasthan High Court which upheld th...

Supreme Court

Supreme Court Allows Appeal in Insolvency Case Due to Absence of Financial Debt Against Pledgor. Petition Under Section 7 IBC Not Maintainable as No Disbursement Was Made to Corporate Debtor, and Pledge Alone Does Not Constitute Financial Debt Under Section 5(8) of Insolvency and Bankruptcy Code, 2016.

22 Sep 2022

The appeal arose from a judgment of the National Company Law Appellate Tribunal (NCLAT) dismissing an appeal against an order of the Adjudicating Auth...

High Court

High Court of Bombay Dismisses Appeal Against Acquittal in Cheque Dishonour Case Due to Failure to Prove Debt. Complainant failed to establish legally enforceable debt or liability under Section 138 of the Negotiable Instruments Act, 1881 as the cheque was given as security for a business transaction.

2 Mar 2020

The case involves an appeal by the complainant, Shankar Jaganath Mane, against the acquittal of the accused, Sikkandar Mohammed Bidiwala, for an offen...

High Court

High Court of Karnataka Allows Recall of Witness Under Section 311 CrPC in NI Act Case — Demand Promissory Note and Receipt Essential for Just Decision. The court held that the Magistrate erred in dismissing the application for recall of PW-1 to produce a demand promissory note and receipt, as these documents were essential for the just decision of the case under Section 138 of the Negotiable Instruments Act, 1881.

13 Mar 2015

The petitioner, Sri Chandrakanth, filed a private complaint under Section 200 of the Code of Criminal Procedure, 1973 (CrPC) against the respondent, S...

Supreme Court

Supreme Court Considers Whether a Bond Executed by a Company Director Constituted a Contract of Guarantee or Indemnity Under Section 126 of the Indian Contract Act, 1872. The Court Also Examined the Binding Nature of a Scheme of Composition Sanctioned Under Section 391 of the Companies Act, 1956 on Dissenting Creditors.

17 Sep 1969

The case involved a cash-credit account opened by the first respondent company with the appellant bank. On June 7, 1953, the company executed a promis...

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