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Supreme Court Allows LIC Appeal, Denies Pension to Resigned Employee Under Retrospective Pension Rules. Resignation Forfeits Past Service Under Rule 23 of LIC Pension Rules, 1995, and Cannot Be Equated with Voluntary Retirement.

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India (LIC), United India Insurance Company ...

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Supreme Court Allows LIC Appeal, Denies Pension to Resigned Employee Under Retrospective Pension Rules. Resignation Forfeits Past Service and Cannot Be Equated with Voluntary Retirement Under LIC Pension Rules, 1995.

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India (LIC), United India Insurance Company ...

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Supreme Court Allows LIC's Appeal Against Resigned Employee's Pension Claim — Resignation Not Voluntary Retirement Under Pension Rules. Employee Who Resigned Before Pension Scheme Notification Not Entitled to Retrospective Benefits Under LIC Pension Rules, 1995.

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India, United India Insurance Company Limite...

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Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

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Bombay High Court Allows Writ Petition of Bank Against Order Returning Recovery Application for Lack of Jurisdiction. Multi-State Co-operative Bank's Recovery Application Under Section 101 of Multi-State Co-operative Societies Act, 2002 Held Maintainable Before Registrar Despite Conversion from State Act.

The petitioner, T.J.S.B. Sahakari Bank Ltd., originally registered as Sadguru Jangli Maharaj Sahakari Bank Ltd. under the Maharashtra Co-operative Soc...

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Bombay High Court Dismisses Bank's Petition Challenging Gratuity Payment to Terminated Employee. Forfeiture of Gratuity Under Section 4(6) of Payment of Gratuity Act, 1972 Requires Loss of Property or Moral Turpitude, Not Mere Misconduct.

The petitioner, The Jalgaon District Central Co-operative Bank Limited, challenged an order dated 09.10.2024 passed by the Appellate Authority/Industr...

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High Court of Judicature at Bombay Examines Company Law Board's Power to Direct Issue of Shares Under Section 111 of Companies Act, 1956. The appeal raises the question whether the Board can order issuance of share certificates and rectification of register absent valid transfer documents.

This company appeal arose from an order of the Company Law Board (CLB) dated 14 January 2013 in Company Petition No. 23 of 2012. The CLB had directed ...

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High Court of Bombay at Nagpur Hears Criminal Appeal Against Acquittal in Cheque Bounce Case. Trial Court Found Cheque Dishonoured but Dismissed Complaint for Lack of Authorization of Power of Attorney Holder Under Section 138 of Negotiable Instruments Act, 1881.

The present criminal appeal arose from the acquittal of the respondent-accused in a complaint under Section 138 of the Negotiable Instruments Act, 188...