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NCLAT Upholds Admission of CIRP Against Corporate Debtor Under Section 7 of IBC, 2016 — Asset Reconstruction Company Held to be Financial Creditor and Application Not Barred by Limitation.

The appeal was filed by the suspended director of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) against the order of the Nat...

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Supreme Court Upholds Conviction of Bank Manager for Criminal Conspiracy and Corruption but Acquits Co-Accused for Lack of Evidence. The court found sufficient evidence against the Branch Manager for forging records and sanctioning loans without jewels, but no evidence against the loanee co-accused.

The Supreme Court of India heard appeals against a common judgment of the Madras High Court dated 21st July 2009, which upheld the conviction of T. Ma...

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High Court of Bombay Quashes FIR Against Bank Manager in Abetment to Suicide Case — No Prima Facie Case of Instigation or Harassment Established. Loan Recovery Actions by Bank Manager Do Not Amount to Abetment Under Section 306 IPC Without Evidence of Direct Instigation or Intent to Drive to Suicide.

The applicant, Santoshkumar Raj Kishor Prasad Singh, was the Branch Manager of Bank of Maharashtra, Morshi Branch. The complainant, Prashant Wamanrao ...

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Bombay High Court Allows Widow's Petition Challenging Recovery from Pension for Government Quarter Occupation. Recovery from Dearness Allowance Without Statutory Authority Held Illegal and Quashed.

The petitioner, Smt. Mrinal Bhake, widow of late Sudhakarrao Bhake, filed a writ petition challenging a communication dated 8-6-2005 from the Assistan...