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Bombay High Court Dismisses Petition Challenging SEBI Consent Guidelines Requiring Pendency of Proceedings. Requirement of pendency of court proceedings or adjudication for consent applications under SEBI Guidelines is not arbitrary and does not violate Article 14 of the Constitution.

The petitioners, Shilpa Stock Broker Pvt. Ltd. and another, filed a writ petition under Article 226 of the Constitution challenging the validity of cl...

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Supreme Court Quashes Criminal Proceedings Against Bank Officers in SARFAESI Act Loan Recovery Dispute. Civil Nature of Transaction Precludes Criminal Prosecution Under Sections 406, 409, 420 IPC.

The Supreme Court allowed the appeal filed by K. Virupaksha and another, who were Deputy General Managers of Canara Bank, against the order of the Kar...

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High Court of Karnataka Quashes Cognizance Order Against Bank Officials in Cheating Case Due to Lack of Prima Facie Evidence of Dishonest Intent. Allegations of Criminal Conspiracy and Forgery Against Retired Bank Managers Dismissed as Civil Dispute Over Loan Sanction.

The judgment pertains to two criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973, seeking quashing of the order dated 2...

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High Court of Karnataka Quashes Defamation Proceedings Against Newspaper Publisher and Editor for Lack of Sanction Under Section 199 Cr.P.C. — Private Complaint for Defamation Against Public Servant in Respect of Official Acts Requires Previous Sanction of Competent Authority.

The petitioners, C.M. Aleemullakhan (printer and publisher) and K. Iftekhar Ahmed Shariff (editor) of the Urdu daily 'Salar', filed a criminal petitio...

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Bombay High Court Acquits Police Constable in Corruption Case Due to Unreliable Trap Witness and Lack of Corroboration. Conviction under Sections 7 and 13(1)(d) read with 13(2) of Prevention of Corruption Act, 1988 set aside as demand and acceptance of bribe not proved beyond reasonable doubt.

The appellant, Jivandhar S/o Govindrao Katke, was convicted by the Special Judge (A.C.), Aurangabad in Special Case No. 6/1994 for offences under Sect...