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Madras High Court Dismisses Writ Petition Challenging Bank's Set-off of Fixed Deposit Against Loan Default Under SARFAESI Act. Bank's Right to Set-off Margin Money Fixed Deposit Against Outstanding Loan Upheld as Contractual and Statutory Right Under Section 171 of Contract Act and SARFAESI Act.

The writ petitioner, M/s Chithra Agencies Private Limited, an authorized dealer of Castrol India Ltd., availed cash credit facility from Canara Bank, ...

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High Court of Bombay at Goa Allows Writ Petition Challenging Revision Order — Revisional Court Erred in Entertaining Revision Under Section 438 BNSS Against Order Under Section 164 BNSS Without Notice. Order Under Section 164 BNSS Is Summary and Not Subject to Revision; Natural Justice Violated.

The petitioner, Shri Noberto Paulo Sebastiao Fernandes, through his constituted attorney, filed a criminal writ petition before the High Court of Bomb...

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High Court of Bombay at Goa Considers Legality of Re-opening Assessment Under Income Tax Act, 1961. Court Examines Whether Proceedings Initiated Under Substituted Sections 147-151 After Finance Act Amendment Are Valid for Assessment Year 2013-14.

In this writ petition before the High Court of Bombay at Goa, the petitioner, an individual assessee, challenged the revenue's action of reopening his...

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Supreme Court Dismisses Appeal in Specific Performance Suit — No Concluded Contract Found. Acceptance of Offer Through Plaint Filed in Another Suit Not Valid Under Indian Contract Act, 1872.

The case arose from a dispute over the assignment of leasehold rights for mining iron and manganese ores. The defendant, B. K. Narayan Singh, had ente...

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Supreme Court Examines Validity of Notification Withdrawing Land from Acquisition Under Section 48 of Land Acquisition Act, 1894 After Possession Taken. Issue Concerns Whether Withdrawal Is Permissible When Acquisition Proceedings Had Attained Finality and Possession Was Taken Years Earlier.

The dispute concerned the validity of a notification under Section 48 of the Land Acquisition Act, 1894 withdrawing Survey No. 50 (6 acres 20 guntas) ...