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Judicial Scrutiny of RBI's Supersession of Abhyudaya Co-operative Bank's Board. Balance between Constitutional mandates and banking regulations reaffirmed.

The Bombay High Court assessed the legality of the Reserve Bank of India's (RBI) supersession of the Board of Directors of Abhyudaya Co-operative Bank...

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NCLAT Allows Appeals Against Rejection of Claims in CIRP, Remands for Fresh Consideration. The Tribunal held that the Resolution Professional must consider claims on merits after giving the claimants a fair hearing.

The National Company Law Appellate Tribunal (NCLAT), Chennai bench, disposed of three company appeals (Nos. 231, 233 & 235 of 2025) filed under Sectio...

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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 Upholds Conviction of Company and Directors in Cheque Dishonour Case Under Section 138 r/w 141 of Negotiable Instruments Act, 1881. Directors' Claim of Not Being In Charge of Business at Time of Cheque Issuance Fails to Rebut Presumption of Liability Under Section 141.

The case involves a criminal revision application filed by M/s. Jaimin Jewelery Exports Pvt. Ltd. (Accused No.1) and its directors, Gautam Mehta (Accu...

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Bombay High Court Adjourns Anti-Suit Injunction Appeal Against Bank — No Ad-Interim Relief Granted Pending Reply. Court Considers Whether Indian Court Can Restrain Foreign Proceedings When Foreign Decree Would Be Executable in India Under CPC Sections 13, 14, 44A.

The appeal arises from an order dated 25 November 2013 passed by the City Civil Court, Greater Mumbai, refusing to grant ad-interim relief in an anti-...

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Bombay High Court Allows SICOM's Petition Against Guarantors Under Section 31(1)(aa) of SFC Act for Recovery of Loan Default. Guarantors Held Liable Under Unconditional Guarantee Deed for Repayment of Term Loan.

The petitioner, SICOM Limited, a deemed State Financial Corporation under Section 46 of the State Financial Corporation Act, 1951, filed a petition un...