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Bombay High Court Dismisses Petition of Chief Manager Challenging Disciplinary Action for Accepting Forged Bank Guarantee. Reduction in Pay Scale Upheld as Misconduct Proven Under CMC Manual.

The petitioner, Rajendraprasad Shukla, was employed as Chief Manager (Finance) at Western Coalfields Limited (WCL), a subsidiary of Coal India Limited...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Supreme Court Dismisses Appeal by Erstwhile Directors in First Insolvency Case, Holding IBC Overrides State Moratorium. Corporate Debtor's Belated Defence of Non-Disbursal Under Master Restructuring Agreement Rejected as After-Thought.

The case arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The appellant, a multi-product company, faced ...

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Bombay High Court Allows Writ Petitions of Petroleum Dealers Challenging VAT Assessment Orders. Assessment orders under Dadra and Nagar Haveli Value Added Tax Act, 2005 set aside as barred by limitation and violative of natural justice.

The judgment pertains to a batch of writ petitions filed by several petroleum dealers (M/s. Yogi Petroleum, Jay Jalaram Construction Co., M/s. Ratan P...

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High Court of Karnataka Hears and Decides Batch of Appeals Under Land Acquisition Act, 1894 Regarding Compensation for Kakhandaki Village Lands. The Court Examined Market Value Determinations Made by the Reference Court Under Sections 18 and 54 of the Land Acquisition Act, 1894.

Background: A batch of appeals and cross objections were filed before the High Court of Karnataka under Section 54(1) of the Land Acquisition Act, 189...

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Karnataka High Court Allows Writ Appeal in Housing Board Allotment Dispute — Cancellation of Site Allotment Set Aside Due to Acceptance of Full Payment. Acceptance of balance consideration after cancellation amounts to waiver of time condition, and Board is estopped from refusing execution of sale deed.

The appellant, Smt. Sharada M., filed a writ petition seeking a direction to the Karnataka Housing Board to execute a sale deed for a site allotted to...