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High Court of Karnataka Allows Directors' Petition Against Disqualification of DINs in Companies Act Case — Violation of Article 19(1)(g) Right to Practice Profession. Blocking of Director Identification Numbers without Notice and Hearing Held Illegal Under Section 164(2) of Companies Act, 2013.

The petitioners, Mr. Dilipraj Pukkella and Mr. Muhammed Imthiyaz, directors of M/s. Vihaan Direct Selling (India) Private Limited, filed a writ petiti...

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Bombay High Court Allows SFC Petition Against Guarantors Under Section 31(1)(aa) of SFC Act, 1951 — Guarantors Liable Despite Company's Winding Up. Guarantee is a separate contract and liability of guarantor is co-extensive with principal debtor under Section 128 of Indian Contract Act, 1872.

The petitioner, SICOM Limited, a State Financial Corporation, filed a petition under Section 31(1)(aa) of the State Financial Corporation Act, 1951 ag...

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Bombay High Court Dismisses Appeal Against Rejection of Interim Relief in SARFAESI Act Case — Civil Suit Held Not Maintainable Due to Bar Under Section 34 of SARFAESI Act. Borrowers Must Avail Remedy Under Section 17 Before DRT Instead of Seeking Injunction in Civil Court.

The case involves an appeal filed by the appellants, who are borrowers and guarantors, against an order of the Commercial Division of the Bombay High ...