Search Results for "Security interest"

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Search Results for "Security interest"

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High Court

High Court of Bombay at Goa Quashes Criminal Proceedings Against Accused in Cheating and Misappropriation Case – Complaint Found Malicious and Not Disclosing Essential Ingredients of Offences. The court ruled that where a dispute over security cheques stemmed from a commercial transaction and no individual role was attributed to the directors, no prima facie case under Sections 403 and 420 IPC existed, and prosecution was an abuse of process (Paras 11-13).

11 Feb 2005

The dispute arose from a commercial relationship between a cement manufacturer and its dealer. The dealer, a proprietary concern, had been purchasing ...

Supreme Court

Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

29 Apr 2024

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

Supreme Court

"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

25 Jul 2024

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

High Court

Bombay High Court Directs Return of Security Deposit with Interest in Customs Duty Dispute — Petitioner Entitled to Refund of Rs.10 Crores with 18% Interest After CESTAT Set Aside Confiscation Order. The Court held that once proceedings are finalized in favour of the importer, the revenue cannot retain the security deposit and must return it with interest from the date of deposit under the Customs Act, 1962.

14 Jun 2010

The petitioner, M/s Pride Foramer, a company engaged in offshore oil exploration, imported a rig 'Pride Pensylvania' for a contract with ONGC. On 15 M...

High Court

Bombay High Court Partially Allows PWD's Challenge to Arbitral Award in Road Construction Contract Dispute. Court Upholds Damages Beyond 1% Cap Due to Contractor's Abandonment but Reduces Interest Rate from 18% to 9% Simple.

12 Jun 2026

The case arises from three arbitration petitions filed by the Public Works Department (PWD) of Maharashtra under Section 34 of the Arbitration and Con...

High Court

Bombay High Court Sanctions Scheme of Arrangement in Company Petition for Revival of Sick Pharmaceutical Company. Scheme under Section 391 of Companies Act, 1956, Approved Involving Settlement of Secured Creditors' Dues through Cash and Securities.

13 Feb 2006

The Pharmaceutical Products of India Limited (PPIL), a company incorporated under the Companies Act, 1956, filed two company petitions under Section 3...

Supreme Court

Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

29 May 2026

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

High Court

Madras High Court Hears Appeal Against Trial Court Dismissal of Suit over Settlement Deed and Cancellation Deed. The Court Examines Validity of Unilateral Revocation of Registered Settlement Deed Under CPC Section 96.

7 Aug 2026

The appeal arose from a suit filed by the plaintiff, the only son of the first defendant and grandson of late Mabel Arul, seeking declaration and perm...

High Court

Bombay High Court Grants Leave to Defend in Commercial Summary Suit for Recovery Under Deed of Cancellation — Triable Issues Raised Regarding Validity of Agreement and Quantum of Amount. The court held that the defendant raised substantial triable issues entitling unconditional leave to defend under Order XXXVII CPC.

12 Dec 2019

The plaintiff, Dimples Infra, a registered partnership firm engaged in property development, filed a commercial summary suit against the defendant, He...

High Court

High Court Hears Public Interest Litigation Challenging Closure of Pathway and Old Bridge by Power Company; Issue of Whether Spillway is Public Road and Whether Closure is Unauthorised Considered

10 Aug 2006

The dispute arose from a public interest litigation filed by a retired municipal engineer and resident of Lonavala, challenging the closure of a pathw...

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