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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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High Court Upholds Rent Control Act, Denying Britannia’s Claim for Market Rent

The fixation of standard rent for an upscale apartment in Mumbai, which was rented to Maya Sunil Alagh, the wife of Britannia's former Managing Direct...

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High Court of Karnataka Hears State Appeal Against Acquittal in Kidnapping and Rape of Minor Under POCSO Act. Appeal Filed Under Section 378 Cr.P.C. Alleges Erroneous Acquittal for Offences Under Sections 366, 376 IPC and Sections 4, 6 POCSO Act.

The State filed an appeal under Section 378(1) and (3) of the Code of Criminal Procedure, 1973, before the High Court of Karnataka challenging the acq...

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Bombay High Court Dismisses Criminal Appeals Against Conviction Under Section 302 and 380 IPC. Appellants’ Conviction and Life Imprisonment Upheld Based on Circumstantial Evidence Including Last Seen Together and Recovery of Stolen Ornaments.

The case involves two criminal appeals filed by accused Nos. 1 and 2 against their conviction and sentence for the murder of the informant’s wife an...

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Bombay High Court Dismisses Petitions by Non-Signatories Under Section 37 of Arbitration Act. Third Parties Cannot Appeal Interim Arbitral Orders Absent Privity of Arbitration Agreement.

The dispute arose from arbitration proceedings between Excel Metal Processors Pvt. Ltd. (respondent no.1) and Shakti International Private Limited (re...

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High Court of Bombay Considers Official Liquidator's Plea for Handover of Assets and Records of Companies in Liquidation. Law Enforcement Agencies' Seizure of Properties and Books of Account Examined in Context of Winding Up Proceedings Under Companies Act, 1956.

The proceedings involved multiple Official Liquidator’s Reports and a Company Application arising out of the winding up of M/s. City Limouzines (Ind...