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Bombay High Court Upholds Dismissal of Bank Employee in Disciplinary Proceeding — Enquiry Found Fair and Findings Not Perverse. Part-I Award of Industrial Tribunal Confirmed as No Violation of Natural Justice or Principles of Evidence.

The petitioner, Chandrakant Shinde, an employee of Maharashtra Gramin Bank (a Regional Rural Bank established under the Regional Rural Banks Act, 1976...

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Supreme Court Allows Bank's Appeal, Upholds Liquidated Damages Clause in Employment Contract. Clause requiring employee to pay Rs. 2 lakhs for resigning before three years held valid under Section 27 of Indian Contract Act, 1872, and not opposed to public policy.

The Supreme Court allowed the appeals filed by Vijaya Bank and another against the judgment of the High Court of Karnataka which had quashed clause 11...

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Court Rejects SBI's Plea to Dismiss Commercial Suit for Fixed Deposit Fraud. Suit to Recover Rs. 36 Crores from SBI Proceeds Under Commercial Courts Act, Despite Allegations of Fraud by Bank Manager

A legal order from a commercial court addressing an application filed by the State Bank of India (SBI) to reject a plaint under Order VII Rule 11 of t...

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Supreme Court Partially Strikes Down FCRA Amendment Act 2020 — Ban on Transfer of Foreign Funds and Mandatory Aadhaar Held Unconstitutional. The court upheld the requirement of a single FCRA account at SBI New Delhi as a reasonable regulatory measure to prevent misuse of foreign funds.

The judgment deals with a batch of writ petitions challenging the constitutional validity of certain amendments made to the Foreign Contribution (Regu...

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Supreme Court Upholds Labour Court Award in VSS Dispute — NMR Workers Found to Have Been Coerced into Voluntary Separation Scheme. The Court confirmed reinstatement with 70% back-wages under Section 33A of the Industrial Disputes Act, 1947, finding no perversity in the concurrent findings of fact.

The case arose from a dispute between the General Manager, Electrical Rengali Hydro Electric Project, Orissa (appellant) and 90 NMR workers (responden...

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Supreme Court Dismisses Application for Clarification in AMIE Degree Equivalence Case. Institution of Mechanical Engineers (India) Cannot Claim Its Associate Membership Certificate as Equivalent to a Degree in Engineering Without UGC or AICTE Approval.

The case pertains to a Miscellaneous Application filed by the Institution of Mechanical Engineers (India) in a disposed Civil Appeal. The appellant, a...