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Supreme Court Upholds Creditor's Full Decree, Clarifying 'Same Creditor' Requirement Under Madras Agriculturists' Relief Act. Renewal of Promissory Note in Favour of Bank Controlled by Original Creditor Fails to Meet Identity Requirement Under Explanation III to Section 8 of the Act.

The litigation originated from a suit for recovery of money based on a promissory note executed by the appellant, K. V. Srinivasa Ayyangar, in favour ...

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Bombay High Court Considers Bank's Claim for Recovery of Dues from Export Company and its Director. Dispute Centers on Alleged Agreement to Debit Cash Credit Account Upon Dishonour of Foreign Bills Purchased Under FBP Facility.

The suit was filed by Bank of India to recover Rs.5,67,332.51 with interest at 19.5% per annum from B.C. Mody Exports P. Ltd. (defendant no.1) and its...

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Karnataka High Court Delivers Judgement in Criminal Petition No. 4606 of 2023 Under Section 482 Cr.P.C. The Court Reviews Whether Allegations of Breach of Contract and Misappropriation Constitute Criminal Offences Under IPC Sections 406, 420, and Others.

The criminal petition was filed under Section 482 of the Code of Criminal Procedure, 1973 seeking to quash the entire proceedings in C.C.No.10486/2023...

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Supreme Court Upholds Constitutional Validity of Section 43B(f) of Income Tax Act — Leave Encashment Deduction Allowed Only on Actual Payment. Clause (f) is not arbitrary or violative of Article 14 as it serves a legitimate purpose of preventing abuse and ensuring employee welfare.

The Supreme Court in this appeal considered the constitutional validity of clause (f) of Section 43B of the Income Tax Act, 1961, which was inserted b...

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CRIMINAL WRIT PETITION NO.3388 OF 2024

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