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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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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 ...

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Bombay High Court Acquits Accused in Abetment of Suicide Case Due to Lack of Proximate Link and Absence of Mens Rea. Conviction under Sections 306, 452, 354, 294, 504, 506, 323, 143 read with 149 IPC set aside as prosecution failed to prove that accused intended to drive victim to commit suicide.

The case involves an appeal against conviction of six appellants (original accused) by the Additional Sessions Judge, Parbhani in Sessions Trial No.74...

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Bombay High Court Dismisses Insurance Company's Appeal Against Compensation Award in Motor Accident Claim — Negligence Proved and Quantum Upheld. Deceased's Income Reduced to Rs.2,800 per Month but 50% Future Prospects and Multiplier of 18 Applied Correctly.

The case arises from a motor accident claim filed by the parents of a deceased 25-year-old man who died in a vehicular accident. The claimants, Ramrao...

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Bombay High Court Allows State's Petition in Service Law Transfer Case — Midterm Transfer of Deputy Collector Upheld. Transfer Order Approved by Chief Minister Is Valid and Does Not Require Prior Hearing Under Maharashtra Government Servants (Transfer) Rules, 2003.

The State of Maharashtra, through the Principal Secretary (Housing Department) and others, filed a writ petition challenging the judgment dated 13 Oct...