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Bombay High Court Grants Bail to IRS Officer in Money Laundering Case. Stringent twin tests of PMLA satisfied; Bail granted after 1 year and 3 months of incarceration.

The Bombay High Court granted bail to the applicant, an IRS officer, arrested under the Prevention of Money Laundering Act (PMLA). The court found tha...

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Supreme Court Quashes Criminal Proceedings Against Accused Nos. 4 and 5 in Loan Fraud Case Due to Settlement with Bank. Commercial loan fraud case compromised between Bank and borrowers—Criminal proceedings quashed due to bleak chance of conviction.

The Supreme Court, in Criminal Appeals arising out of Special Leave Petition (Criminal) Nos. 1415 and 1416 of 2024, quashed the criminal proceedings a...

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"Criminal Proceedings Quashed After Bank Settlement in Fraud Case Involving Loan Defaulters" "Supreme Court quashes proceedings under Section 482 CrPC where a One Time Settlement (OTS) between the Bank and Borrowers resolves the dispute"

The Supreme Court addressed an appeal challenging the dismissal of a criminal petition seeking to quash a chargesheet related to loan defaults, forger...

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High Court Upholds Acquittal in ACB Trap Case Due to Invalid Sanction. Minor inconsistencies in evidence dismissed, but sanctioning authority deemed incompetent.

The Bombay High Court dealt with an appeal from the State challenging the acquittal of the respondent in a bribery case. The Anti-Corruption Bureau (A...

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Supreme Court Restores Arbitral Award; Limits Court Intervention in Arbitration Scope of judicial intervention in arbitration is limited under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996.

Acts and Sections Discussed: Arbitration and Conciliation Act, 1996 Section 34: Application for setting aside an arbitral award. Section 37: Ap...

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Supreme Court Grants Bail to Appellant in Money Laundering Case Amidst Delay in Trial. "Extended Pre-Trial Detention Raises Article 21 Concerns Over Right to Liberty and Speedy Trial."

The Supreme Court case of V. Senthil Balaji vs. The Deputy Director, Directorate of Enforcement, the Court granted bail to the appellant, V. Senthil B...

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Sealed Cover Procedure in Promotions: Supreme Court Dismisses Appeal of Union of India against Income Tax Officer. The Supreme Court holds that a mere grant of prosecution sanction does not justify invoking the sealed cover procedure for promotion in the absence of a pending charge sheet.

The Supreme Court, in this case, addressed the issue of whether the mere grant of prosecution sanction is sufficient to withhold promotion under the s...

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High Court Examines Legality of Appointment of Maharashtra Real Estate Regulatory Authority Chairman. A Public Interest Litigation challenges the eligibility of Shri Manoj Saunik for the post of Chairman, citing alleged misconduct and non-fulfillment of statutory qualifications.

The petition filed by Pravin P. Wategaonkar questioning the appointment of Shri Manoj Saunik as the Chairperson of the Maharashtra Real Estate Regulat...