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High Court of Karnataka Allows Writ Petition Challenging Look Out Circulars Issued by Banks for Loan Recovery — Right to Travel Upheld. Banks Directed to Recall LoCs as Issuance Solely for Civil Debt Recovery Violates Fundamental Rights Under Article 21 of the Constitution of India.

The petitioner, Dr. Bavaguthu Raghuram Shetty, an Indian citizen aged 78 years, filed a writ petition under Articles 226 and 227 of the Constitution o...

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Bombay High Court Allows Appeal in Motor Accident Claim Case Due to Erroneous Finding of Negligence and Inadequate Compensation. Deceased pedestrian hit by auto rickshaw; court held that the driver was negligent and enhanced compensation under Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by the legal heirs of Arjun Bhalekar, who died in a vehicular accident on 29.9.2010. The deceased wa...

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Supreme Court Allows Revenue's Appeal on Compensation for Loss of Agency as Revenue Receipt Under Section 10 of Income-tax Act. Compensation for Loss of One Among Many Agencies in Normal Course of Business is Taxable Revenue Receipt.

The case involved a dispute over the taxability of compensation received by the respondent, a multi-agency concern, upon termination of one of its num...