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High Court

High Court of Karnataka at Dharwad Bench Adjudicates Multiple Writ Petitions Filed by Retired Employees of NWKRTC Seeking Mandamus for Interest on Delayed Payment of Leave Encashment. Petitioners Sought Interest Ranging from 12% to 18% Per Annum on Belated Terminal Benefits under Articles 226 and 227 of the Constitution.

15 Dec 2025

The case involves a batch of writ petitions filed by retired employees of the North Western Karnataka Road Transport Corporation (NWKRTC) before the H...

High Court

High Court of Karnataka Considers Writ Petitions Concerning Denial of Waiver Benefits under Karasamadhana Scheme, 2017. Petitioners challenged endorsements rejecting claims for waiver of penalty and interest under Karnataka Value Added Tax Act, 2003 and Central Sales Tax Act, 1956.

14 Nov 2017

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High Court

Special Court Convicts Broker and Beneficiaries in BMC Bank Securities Fraud; Acquits Employees and Other Brokers. Broker Held Liable for Dishonest Receipt of Stolen Property Under Section 411 IPC, While Beneficiaries Convicted of Cheating Under Section 420 IPC.

18 Jan 2014

The case involved a criminal trial before the Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 19...

High Court

Karnataka High Court Dismisses Revision Petition by Defendant No. 25 Against Trial Court's Order Refusing Rejection of Plaint in Partition Suit Due to Limitation and Validity of Sale Deed. Court Holds That Plaint Cannot Be Rejected Under Order 7 Rule 11 CPC as Issues of Limitation and Validity of Sale Deed Are Mixed Questions of Law and Fact Requiring Trial.

25 Oct 2024

The Civil Revision Petition No. 88 of 2024 was filed by M/s Jade Garden Plot Owner's Association, who was Defendant No.25 in the original suit O.S. No...

High Court

High Court of Karnataka Reserves Judgment in Writ Petition Against CIC Order Directing Disclosure of Husband's Income Tax Returns Under RTI Act. Petitioner Contended That Information Is Exempt Under Section 8(1)(e) of Right to Information Act, 2005, Being Held in Fiduciary Capacity by Income Tax Department.

21 Feb 2026

This writ petition was filed by the Income Tax Officer and Chief Public Information Officer (CPIO) of the Income Tax Department's Centralised Processi...

Supreme Court

Supreme Court Hears Civil Appeals Against SEBI's Attachment Orders – Appellants Challenge Levy of Retrospective Interest on Penalty Without Express Provision in Adjudication Order. The core question was whether the Recovery Officer could demand interest at 12% p.a. from the date of original adjudication orders under Section 28A SEBI Act read with Section 220 Income Tax Act in absence of a prior direction for interest, and whether Explanation 4 inserted in 2019 applies retrospectively to pre-existing orders.

26 Jul 2026

The appeals arose from the dismissal by the Securities Appellate Tribunal of challenges to attachment notices issued by the Securities and Exchange Bo...

Supreme Court

Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

29 Apr 2024

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

High Court

Karnataka High Court Dismisses State's Revision Petitions in Agricultural Income Tax Reassessment Cases — Reassessment Notices Barred by Limitation. The court held that the Tribunal's finding on limitation is a question of fact not open to revision under Section 55(1) of the Karnataka Agricultural Income Tax Act, 1957.

25 Mar 2014

The State of Karnataka filed multiple revision petitions under Section 55(1) of the Karnataka Agricultural Income Tax Act, 1957 (KAIT Act) against ord...

Supreme Court

Supreme Court Partially Allows Appeal in Arbitration Dispute Over Road Widening Contract — Upholds High Court's Setting Aside of Claims for Idle Labour and Interest on Delayed Bills, Restores Claim for Interest on Blocked Capital. The Court held that the High Court correctly set aside claim for idle labour as per contract terms, but erred in setting aside interest on delayed payment where contract did not prohibit it.

27 Aug 2024

The dispute arose from a contract for widening and strengthening of a road in West Bengal, awarded to Pam Developments Private Limited (the appellant)...

High Court

Karnataka High Court Allows Appeal in Recovery Suit, Reduces Interest Rate from 23% to 6% p.a. for Money Lending Transactions. Court Held That Charging 23% Interest Was Unconscionable and Excessive Under Section 34 CPC, and Reduced It to 6% p.a. Simple Interest.

1 Dec 2015

The plaintiff, G.R. Shet, proprietor of M/s Shet & Co., filed a suit for recovery of money against M/s Bawa Enterprises (a partnership firm) and its p...

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