Search Results for "Defaulters"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Acquits Accused in Murder Case Due to Incredible Dying Declaration...
Supreme Court Quashes Criminal Proceedings Under Section 182 IPC for Lack of Val...

Search Results for "Defaulters"

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High Court

Bombay High Court Allows Petition in Debt Recovery Pre-deposit Dispute — Holds Section 21 Not Applicable at Condonation Stage. The court ruled that the pre-deposit requirement under Section 21 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 applies only at the stage of entertainment of appeal, not at the stage of considering an application for condonation of delay.

18 Mar 2016

The petitioners, M/s. Deluxe Cotton Corporation and others, challenged an order dated 14 July 2014 of the Debt Recovery Appellate Tribunal (DRAT), Mum...

High Court

High Court of Karnataka Quashes Disqualification of Director in Co-operative Society Case — Loan Repayment Before Election Cures Default. Section 29-C(1)(a) of Karnataka Co-operative Societies Act, 1959 requires disqualification only if loan is overdue on date of election; subsequent repayment removes disqualification.

14 Jun 2024

The petitioner, Sri G Nagaraju, was elected as a Director of the Janagere Primary Agricultural Credit Co-operative Society Ltd. (Respondent No. 4) on ...

High Court

Bombay High Court Dismisses Petition Challenging SEBI Recovery Proceedings and Civil Imprisonment Order for Non-Payment of Dues. Recovery Officer's Order for Arrest and Detention of Defaulter Under Section 28A of SEBI Act, 1992 Upheld as Valid Exercise of Powers.

10 Mar 2015

The petitioner, Vinod Hinigorani, filed a writ petition under Article 226 of the Constitution of India challenging the validity of orders dated 18.12....

High Court

Bombay High Court Dismisses Writ Petitions Against SARFAESI Proceedings by DBS Bank — Foreign Bank Not Required to Register Under Section 2(1)(c) of SARFAESI Act for Enforcement of Security Interest. The court held that a foreign bank with a branch in India is a 'bank' under Section 2(1)(c) read with the Banking Regulation Act, 1949, and can enforce security interest under Section 13 of the SARFAESI Act.

30 Nov -0001

The judgment involves two writ petitions: Writ Petition No. 1338 of 2016 filed by Narendra Plastic Private Limited and Neemit Punamiya against DBS Ban...

High Court

Bombay High Court Dismisses Writ Petition Challenging Recovery Proceedings Under Maharashtra Cooperative Societies Act — Cooperative Bank's Recovery of Loan Dues Upheld Against Borrowers and Guarantors. Alternative Remedy of Arbitration Under Section 91 of the Maharashtra Cooperative Societies Act, 1960, Precludes Writ Jurisdiction.

30 Nov -0001

The petitioners, Dr. Annasaheb Choughle Urban Cooperative Bank Ltd. and its Special Recovery Officer, filed a writ petition before the Bombay High Cou...

High Court

Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

23 Dec 2016

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

Supreme Court

Supreme Court Quashes Criminal Proceedings Against Borrowers in Bank Fraud Case After Settlement of Civil Liability. The Court held that the dispute was essentially civil/commercial, with no wrongful loss to the bank after full payment, making continuation of proceedings under Sections 419, 420, 467, 468, 471, 120B IPC and Section 13 PC Act an abuse of process under Section 482 CrPC and Article 226 of the Constitution.

16 Apr 2025

The appeal arose from a challenge to the High Court's order dismissing a petition to quash an FIR and charge sheet filed by the Central Bureau of Inve...

High Court

High Court Quashes Criminal Proceedings Against Employees of Financial Institution in Loan Impersonation Case Due to Absence of Specific Allegations and Abuse of Process. Proceedings under Sections 418, 419, 420, 465, 468, 467, 474, 120B read with 34 IPC quashed as charge-sheet lacked specific criminal role attributed to the petitioners, who were merely performing their official loan-processing duties.

22 Feb 2021

The case arose from a criminal petition under Section 482 of the Code of Criminal Procedure, 1973, seeking to quash proceedings against three employee...

High Court

Bombay High Court Allows Bank's Writ Petition Against DRI Letter Restraining Sale of Secured Assets - Priority of Secured Creditor Under SARFAESI Act Over Customs Act Upheld. The court quashed the DRI letter dated 02.11.2015 as without authority of law and directed the DRI to disclose investigation status to the bank.

16 Jan 2024

The petitioner, Bank of Maharashtra, had extended financial facilities to respondent No.2, who defaulted and the account was declared NPA on 19 August...

High Court

High Court of Judicature at Bombay Hears Appeals Against Rejection of Applications for Rejection of Plaint in Multi-Crore Commodity Default Suit. Order 7 Rule 11 CPC Applications by Nominee Directors Dismissed at Threshold; Court to Examine Plaint Averments on Director Involvement in Spot Exchange Defaults.

5 May 2016

The High Court of Judicature at Bombay, in its Ordinary Original Civil Jurisdiction, considered two appeals filed by Gopal Shrinivasan and Shankar Bal...

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