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Bombay High Court Quashes Criminal Proceedings Against Co-opted Director in Bank Fraud Case Due to Lack of Evidence. Petitioner, a medical practitioner co-opted as director of a cooperative bank, was not named in charge-sheets and no material showed her involvement in alleged misappropriation.

The petitioner, a medical practitioner, was co-opted as a director of Samta Sahakari Bank Ltd., a cooperative society running banking business, from 1...

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Bombay High Court Dismisses Petitions Challenging Trade Union Recognition and Election in Air India. Court upholds the validity of the recognition granted to Air India Employees Union and the election conducted under the Code of Discipline in Industry, 1958.

The judgment pertains to two writ petitions filed by Air India Employees Guild and Air Corporation Employees Union challenging the recognition granted...

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NCLAT Dismisses Appeals Challenging Admission of Section 7 Application by Allottees Against Corporate Debtor. The Tribunal upheld the NCLT order allowing impleadment of allottees and admitting the insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, as default was established.

The judgment pertains to two appeals filed against an order dated 04.03.2024 passed by the National Company Law Tribunal (NCLT), New Delhi Principal B...

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High Court of Karnataka Allows Appeal Against Injunction Restraining Bank from Enforcing Corporate Guarantee. The court set aside the injunction as the guarantee deed was unconditional and the bank had a prima facie case under Order 39 Rules 1 and 2 of CPC, enabling it to proceed under SARFAESI Act and IBC.

The appeal arose from an order dated 25.07.2024 passed by the LXXXV Additional City Civil and Sessions Judge, Bengaluru (Commercial Court) in I.A. No....

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Supreme Court Upholds BIADA's Right to Recover Unearned Increase Based on Circle Rate in Industrial Land Transfers. Authority Entitled to Fair Share of Appreciation When Allottee Transfers Leasehold Rights for Commercial Gain.

The Supreme Court of India heard four civil appeals arising from orders of the Patna High Court concerning the calculation of unearned increase payabl...

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Bombay High Court Dismisses Appeals by NGOs Challenging Revocation of Allotment of Municipal Gymnasium Centres. Court upholds MCGM's right to revoke allotment for non-compliance with terms and public interest, rejecting claims of legitimate expectation and violation of natural justice.

The Bombay High Court dismissed two appeals filed by NGOs, Samantawadi Mahila Vikas Foundation and Mumbaikar Peace and Welfare Society, challenging th...

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Bombay High Court Dismisses Appeals by NGOs Challenging Revocation of Allotment of Gymnasium Centres by MCGM — No Right to Continue in Possession After Expiry of Licence Period

The Appellants, two NGOs, were allotted Gymnasium Centres by the Municipal Corporation of Greater Mumbai (MCGM) on caretaker basis for fixed periods. ...