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Search Results for "public sector bank"

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High Court

High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. Court holds that the Prudential Framework dated June 7, 2019, requires lenders to convene a review meeting within 30 days of default to decide on a resolution plan.

25 Jun 2026

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

High Court

High Court of Karnataka Directs Banks to Comply with RBI Prudential Framework for Stressed Assets Resolution in Writ Petition by Borrower Company. The court held that the RBI circular dated June 7, 2019, is binding on banks and that the borrower has a right to seek a review meeting under the framework.

25 Jun 2026

The petitioner, Ganjam Nagappa and Son Private Limited, a company incorporated under the Companies Act, 1956, filed a writ petition under Articles 226...

High Court

High Court of Karnataka Quashes Look Out Circular Issued by Bank of Baroda Against Petitioner in Loan Default Case — LOC Held Invalid as Bank is Not a 'Competent Authority' Under the 2021 SOP. The Court Declared that a Look Out Circular can only be issued by a 'Competent Authority' as defined in the Office Memorandum dated 22.02.2021, and a bank does not qualify as such.

16 Mar 2023

The petitioner, Mr. Himayath Ali Khan, filed a writ petition under Articles 226 and 227 of the Constitution of India challenging a Look Out Circular (...

Supreme Court

Supreme Court Issues Directions for Migrant Labourers in Suo Motu Writ Petition During COVID-19 Pandemic. The Court ordered transportation, food provision, and withdrawal of prosecutions under Section 51 of the Disaster Management Act, 2005, to address miseries caused by lockdown and pandemic fears.

29 Jun 2021

The Supreme Court of India, in a suo motu writ petition, addressed the severe hardships faced by migrant labourers during the COVID-19 pandemic, which...

Supreme Court

Supreme Court Dismisses Borrowers' Appeal in SARFAESI Act Case — Sale of Secured Asset Complete Upon Issuance of Sale Certificate, Registration Not Essential. Right of Redemption Under Transfer of Property Act Extinguished Upon Sale Under Section 13(4) of SARFAESI Act, and Tender of Dues After Sale Date Invalid Under Section 13(8).

20 Aug 2019

The case involves an appeal by borrowers, Shakeena and another, against the Bank of India and others, challenging the sale of their mortgaged property...

Supreme Court

Supreme Court Dismisses Appeal Against IBPS in Clerical Recruitment Dispute — Caste Certificate Validity and Maintainability of Writ Against Non-State Entity. Institute of Banking Personnel Selection Held Not Amenable to Writ Jurisdiction Under Article 226 as It Does Not Discharge Public Duty and Is Not 'State' Under Article 12.

29 Apr 2019

The appellant, Rajbir Suraj Bhan Singh, participated in a Common Written Examination conducted by the Institute of Banking Personnel Selection (IBPS) ...

High Court

Bombay High Court Dismisses Challenge to Arbitral Award in Co-operative Bank Loan Dispute. Court upholds award under Section 34 of Arbitration and Conciliation Act, 1996, finding no grounds to interfere with arbitrator's decision on loan recovery under Multi-State Co-operative Societies Act, 2002.

18 Mar 2015

The petitioner, M/s. Maks Glass Corporation, challenged an arbitral award dated 24th April 2010 passed under Section 84 of the Multi-State Co-operativ...

High Court

Bombay High Court Dismisses Writ Petitions Challenging DRAT Order Confirming Sale of Company Property in Favour of Auction Purchaser. Workers' Dues and Alleged Irregularities Do Not Justify Annulment of Concluded Auction Sale Under Recovery of Debts Due to Banks and Financial Institutions Act, 1993.

20 Sep 2011

The judgment concerns three writ petitions filed under Article 226 of the Constitution challenging an order of the Debts Recovery Appellate Tribunal (...

High Court

High Court Dismisses Writ Petition Challenging Rejection of Interim Relief in BIFR Proceedings — Sale Under Securitisation Act Completed, No Jurisdiction Remains with BIFR. The court held that once action under Section 13(4) of the Securitisation Act is taken to its logical end, BIFR loses jurisdiction, and interim relief cannot be granted to disturb a concluded sale.

19 May 2010

The petitioner, Nouveaw Exports Private Limited, filed a writ petition under Article 226 of the Constitution of India challenging the order dated 13th...

High Court

Bombay High Court Dismisses Bank's Writ Petitions Against Labour Court Orders in Recovery Proceedings Under Section 33C(2) of Industrial Disputes Act, 1947 — Held That Assignee Bank Steps Into Shoes of Transferor and Is Liable for Pre-Transfer Claims of Workmen.

30 Nov -0001

The petitioners, the Authorized Officer and Chairman & Managing Director of IDBI Bank (Stressed Assets Stabilization Fund), filed four writ petitions ...

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