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Bombay High Court Upholds Cooperative Court's Injunction Against Bank's Recovery Notice Despite SARFAESI Proceedings — Jurisdiction of Cooperative Court Not Ousted by SARFAESI Act for Disputes Under Section 91 of MCS Act.

The petitioner, M/s. Shewalkar Developers Ltd., a company incorporated under the Companies Act, 1956, was engaged in land development and construction...

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High Court Quashes Recovery Notices in VAT Case Due to Lack of Proper Service and Limitation. Notices under Section 45 of Karnataka Value Added Tax Act, 2003 for arrears of tax, penalty, and interest for 2005-2006 and 2006-2007 quashed as they were issued without proper service and after unreasonable delay.

The petitioner, M/s. Gayathri Projects Ltd., filed writ petitions under Articles 226 and 227 of the Constitution of India challenging three notices is...

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Bombay High Court Full Bench Examines Whether Affidavit Verification Can Bypass Examination Under Section 200 CrPC in Cheque Dishonour Cases under Section 138 NI Act. Reference Made to Reconcile Conflicting Views on Section 145 NI Act's Impact on Summary Trial Procedure.

The Bombay High Court was seized of a reference to a Full Bench arising from Criminal Writ Petition No. 2523 of 2010, filed by the accused (Chief Fina...

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Bombay High Court Upholds Conviction of Appellants for Counterfeit Currency Offences Under IPC Sections 489B and 489C. Recovery of Fake Notes from Exclusive Possession and Circumstantial Evidence Sufficient to Establish Guilt.

The case involves two criminal appeals filed by Sheikh Asif (A1) and Abdul Khalik (A2) against their conviction by the Additional Sessions Judge, Ward...

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Bombay High Court Allows Pune Municipal Corporation's Appeal Against Money Decree for Consultancy Fees — Contractual Interpretation of 'Sanction of Loan' Determines Entitlement

The Pune Municipal Corporation appealed against a money decree of Rs.7,08,50,000/- with interest passed by the Small Causes Court, Pune, in favor of P...

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High Court of Karnataka Allows Winding Up of Non-Banking Financial Company by Reserve Bank of India for Non-Payment of Debts. RBI's petition under Section 45-MC of RBI Act, 1934 read with Section 433 of Companies Act, 1956 succeeds as company is unable to pay its debts.

The Reserve Bank of India (RBI) filed a company petition under Section 45-MC of the Reserve Bank of India Act, 1934 read with Section 433 of the Compa...