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Madras High Court Acquits Accused in Murder Case Due to Lack of Direct Evidence and Unreliable Circumstantial Evidence. Conviction under Section 302 IPC Set Aside as Prosecution Failed to Establish Chain of Circumstances Beyond Reasonable Doubt.

The appellant, Sadaiyandi, was convicted by the Additional District Judge (Fast Track Court), Theni, for the murder of a woman and theft of her gold o...

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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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Bombay High Court Allows Petition for Interest on Delayed Retiral Benefits to Exonerated Employee — Rule 55A(7) of Pension Rules, 1953 Deems Payment Due from Retirement Date, Not Exoneration Date, and Interest Is Payable Without Proving Administrative Lapse.

The petitioner, Narayan Pundalik Pathade, a retired employee of the Municipal Corporation of Greater Mumbai (MCGM), filed a writ petition under Articl...

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Supreme Court Clarifies Deduction of Broken Period Interest for Banks Treating Securities as Stock-in-TradeDeduction Allowed as Revenue Expenditure for Banks Holding Securities as Stock-in-Trade

The Supreme Court addressed the treatment of broken period interest for tax purposes. The issue centered on whether broken period interest could be de...

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High Court of Karnataka Upholds Acquittal in Negotiable Instruments Act Case — Complainant Fails to Prove Debt Legally Enforceable. Loan of Rs. 1,00,000 advanced by LIC agent to acquaintance not proved as legally recoverable debt under Section 138 of Negotiable Instruments Act, 1881.

The complainant-appellant, Sharanappa, filed a criminal appeal under Section 378(4) of the Code of Criminal Procedure, 1973, challenging the judgment ...

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High Court of Karnataka Allows Appeal in Cheque Dishonour Case, Reverses Acquittal. Presumption under Section 139 of Negotiable Instruments Act, 1881 stands unless accused rebuts with probable defence.

The appellant/complainant filed a criminal appeal under Section 378(4) of the Code of Criminal Procedure, 1973, challenging the judgment of acquittal ...

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Bombay High Court Quashes Criminal Proceedings in Abetment of Suicide Case Due to Lack of Evidence of Instigation or Intent. Allegations of Loan Recovery Harassment Do Not Constitute Abetment Under Section 306 IPC Without Direct Act of Instigation.

The applicants, including Sachin Ramu Gawli and others, filed a criminal application under Section 482 of the Code of Criminal Procedure, 1973, seekin...

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Supreme Court Allows Appeal and Acquits Abettor in Bribery Case Because Principal Offender Was Acquitted. Conviction for Abetment Under Section 165A of the Indian Penal Code Not Maintainable After Acquittal of Public Servant Under Section 161.

The case arose from a special leave appeal against a judgment of the Assam High Court that confirmed the appellant's conviction for abetment of briber...