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Bombay High Court Grants Lumpsum Compensation to Part-time Sweeper with 41 Years of Service in Lieu of Regularization and Retiral Benefits. Court held that in absence of absorption policy and due to abolition of posts, lumpsum compensation of Rs.7,50,000 is appropriate in lieu of all service benefits.

The petitioner, Parasram Ranganath Gaikwad, worked as a Part-time Sweeper in the Veterinary Hospital of Zilla Parishad, Ahmednagar, from 7 June 1983 u...

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Supreme Court Dismisses Appeal Against Initiation of CIRP Against Corporate Debtor Despite Payment by Guarantor's Resolution Applicant. Right of Subrogation Under Section 140 of Indian Contract Act, 1872 Not Available Where Resolution Plan Extinguishes Guarantee and No Payment of Entire Debt.

The case involves an appeal against the initiation of Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent, Gujarat Hydrocarbon a...

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Bombay High Court Quashes Final Voters List in Cooperative Sugar Factory Election Due to Inclusion of Dead Members. Court Directs Re-examination of Provisional List by Local Authorities Under Maharashtra Cooperative Societies Act, 1960.

The petitioners, members of Raosahebdada Pawar Ghodganga Sahakari Sakhar Karkhana Ltd. (respondent no.3), filed a writ petition under Article 226 of t...

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Bombay High Court Allows SEBI's Appeal Against Interim Order Restraining Adjudication Proceedings. Civil Suit Against SEBI Held Not Maintainable Due to Alternative Remedy Under SEBI Act, 1992.

The case involves an appeal by the Securities and Exchange Board of India (SEBI) against an interim order passed by a Single Judge of the Bombay High ...

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Bombay High Court Dismisses Borrowers' Writ Petitions Challenging SARFAESI Proceedings by Cooperative Bank — Alternative Remedy Under Section 17 of SARFAESI Act Held Efficacious. Petitioners Directed to Approach Debt Recovery Tribunal for Relief Against Recovery Actions.

The judgment concerns a batch of writ petitions filed by borrowers (Arun Dattatraya Narake and others) against the Authorized Officer of Kolhapur Dist...

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Bombay High Court Allows Writ Petition Challenging Post-Retirement Enquiry and Non-Payment of Gratuity. Employer cannot initiate disciplinary proceedings after superannuation as no employer-employee relationship exists; gratuity cannot be withheld pending enquiry.

The petitioner, Dhairyasheel A. Jadhav, superannuated from the services of Maharashtra Agro Industrial Development Corporation Ltd. on 31.12.2003. On ...