Search Results for "finance act 2021"

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Bombay High Court Quashes Section 138 NI Act Complaint Against Directors Due to Lack of Specific Averments of Vicarious Liability. Complaint against directors quashed as complaint lacked specific allegations of their role in company's conduct.

The applicants, K & K Foundry Pvt. Ltd. and its two directors, filed an application under Section 482 of the Code of Criminal Procedure, 1973 seeking ...

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Supreme Court Allows Insolvency Proceedings Under IBC Over Defunct Scheme of Arrangement -- IBC Prevails Over Companies Act in Recovery of Defaulted Loans

The Supreme Court allowed an appeal against the Company Law Appellate Tribunal's order that kept in abeyance an application under Section 7 of the Ins...

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High Court of Karnataka Allows Appeal in Negotiable Instruments Act Case — Acquittal Set Aside Due to Improper Appreciation of Evidence. Presumption under Section 139 of NI Act Not Rebutted by Accused as Signature on Cheque Admitted and Statutory Notice Complied With.

The appellant, M/s. Indian Potash Limited, a company engaged in importing and marketing fertilizers, filed a complaint under Section 138 of the Negoti...

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High Court of Gujarat Dismisses/Allows Appeal in Motor Accident Claim—Decision Not Captured. Composite Negligence and Quantum of Compensation Under Section 166 of the Motor Vehicles Act, 1988 Were the Key Issues.

The matter involves an appeal and cross-objections arising from the judgment and award dated 14th August 2020 passed by the Motor Accident Claim Tribu...

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Karnataka High Court Pronounces Order in Writ Petitions Challenging Premature Transfers of Commercial Tax Officers Under Transfer Guidelines 2013. Transfer Orders Allegedly Violated Minimum Tenure Rule and Requirement of Prior Approval of Chief Minister.

The Karnataka High Court heard a batch of five writ petitions filed by commercial tax officers (Deputy Commissioners and Assistant Commissioners of Co...