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High Court of Karnataka Allows Writ Petition Challenging Reduction of Pension by Syndicate Bank — Violation of Natural Justice and Pension Regulations. Reduction of two-third pension without show cause notice set aside; bank directed to restore full pension and pay arrears.

The petitioner, B. Narayana Rao, was appointed as a Clerk in Syndicate Bank on 22.5.1972 and rose to the position of Senior Manager in Grade Scale-V b...

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Supreme Court Dismisses Tenant's Appeal in SARFAESI Act Case — Oral Tenancy After Mortgage Not Protected. Tenant's claim of tenancy based on oral agreement after mortgage creation cannot defeat bank's right to take possession under Section 14 of SARFAESI Act.

The present appeal arises from an order of the Chief Metropolitan Magistrate, Esplanade, Mumbai, dated 31.12.2014, rejecting the application of the ap...

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Bombay High Court Allows Second Appeal in Property Dispute Over Interpretation of Sale Deeds. Appellate Court Erred in Construing Sale Deeds Dated 6-5-1897 and 5-3-1946, Leading to Wrong Conclusion That Plaintiff Was Not Owner of Entire Suit Land.

The case involves a property dispute over land Survey No. 32, Hissa No. 77, situated at village Kavathi, taluka Kudal. The original plaintiff, Sabaji ...

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COMMERCIAL APPEAL NO. 371 OF 2019

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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...