Search Results for "statutory sanction"

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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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High Court dismissed Writ Petition Challenging Denial of Default Bail in Criminal Breach of Trust Case. Magistrate's Order sustained as Section 409 IPC Prima Facie Applicable to Trustee, Accused not entitled to Statutory Bail Under Section 167(2) CrPC

The petitioner, who was the Secretary of a public charitable trust, was arrested in connection with allegations of cheating and forgery related to the...