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High Court of Karnataka Dismisses Appeal by Corporate Debtor Against Banks in SARFAESI Act Proceedings — Civil Suit Barred Under Section 34 of SARFAESI Act as Alternative Remedy Under Section 17 Before DRT Exists.

The appellant, Kingfisher Airlines Limited, a company registered under the Companies Act, 1956, had availed various credit facilities from a consortiu...

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High Court of Karnataka Upholds Conviction in Cheque Dishonour Case — Presumption of Legally Enforceable Debt Under Section 139 NI Act Not Rebutted. Cheque Issued as Security for Advance of Rs.80 Lakh Dishonoured — Accused Failed to Prove Absence of Debt.

The case arises from a complaint filed by HMT (International) Limited, a public limited company, against M/s Nucor Wires Limited and its directors (th...

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Bombay High Court Quashes Criminal Complaint Against Company Directors Due to Section 195(1)(b)(i) CrPC Bar. Allegations of Filing False Affidavits and Documents in Court Proceedings Required Court's Written Complaint, Not Private Complaint Under Section 156(3).

The dispute arose from a criminal complaint filed by Shree Hari Rice & Agro Ltd. (respondent no.1) against M/s Lan Eseda Industries Ltd. (petitioner) ...

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Bombay High Court Hears Petitions for Deemed Lapse of Land Reservations under MRTP Act. Court Considers Whether Purchase Notices Served on Appropriate Authority Under Section 49 of the Maharashtra Regional and Town Planning Act, 1966 Were Valid.

The two writ petitions were filed under Article 226 of the Constitution of India seeking a declaration that the reservations imposed on the petitioner...

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Bombay High Court Disposes of Four Petitions Under Section 9 of Arbitration Act by Common Order. Interim Measures Sought by Financing Company Against Borrower and Guarantor for Default in Loan Repayments Secured by Hypothecated Equipment.

L&T Finance Limited, a company registered under the Companies Act, 1956, filed four petitions under Section 9 of the Arbitration and Conciliation Act,...

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Bombay High Court Delivers Oral Judgment on Sanction of Scheme of Arrangement Amid BIFR Pendency. Maintainability Under Sections 391 and 394 of Companies Act, 1956 Against Overriding Effect of Sick Industrial Companies (Special Provisions) Act, 1985 Considered.

The petitioner, Ashok Organics Industries Ltd., incorporated in 1973, filed a petition under Sections 391 and 394 of the Companies Act, 1956, seeking ...