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High Court of Judicature at Bombay Dismisses Surety's Petition Against Co-operative Bank. Non-Member Surety Held Liable as Co-operative Court Had Jurisdiction Under Section 91(1)(d) of Maharashtra Co-operative Societies Act, 1960.

The dispute arose from a cash credit facility extended by The Maratha Mandir Co-operative Bank Ltd. (respondent no. 1) to its member, Shaikh Mohammed ...

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Supreme Court Dismisses Assessee in Income Tax Matter as Loss from Share Sale Not Arising in Ordinary Course of Business. Assessee Purchased Shares at Above Market Price as Part of Scheme for Acquisition of Managing Agency, Making Transaction Extraordinary.

The assessee, Star Company Limited, was a public limited company engaged in the business of dealing in shares and securities. During the assessment ye...

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High Court of Judicature at Bombay Examines Company Law Board's Power to Direct Issue of Shares Under Section 111 of Companies Act, 1956. The appeal raises the question whether the Board can order issuance of share certificates and rectification of register absent valid transfer documents.

This company appeal arose from an order of the Company Law Board (CLB) dated 14 January 2013 in Company Petition No. 23 of 2012. The CLB had directed ...

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WRIT PETITION NO.5186 OF 2001

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High Court of Karnataka Dismisses Revision Petition in Defamation Case — Conviction for Criminal Defamation Under Sections 499, 500, 501 IPC Upheld. Concurrent findings of fact by trial and appellate courts cannot be interfered with in revision unless perverse or illegal.

The petitioner, B.S. Shivaprasad, was the printer, publisher and acting editor of a newspaper. He was tried in C.C.No.21429/2001 before the JMFC, II C...