Search Results for "Default in Payment"

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Supreme Court Acquits Accused in Murder Case Due to Insufficient Circumstantial Evidence Under Section 302 IPC. Conviction Overturned as Last-Seen Testimony and Recoveries Failed to Form a Complete Chain Excluding Innocence, Applying Principles from Sharad Birdhi Chand Sarda.

The appeal arose from a murder conviction under Section 302 of the Indian Penal Code, 1860, where the appellant was sentenced to life imprisonment by ...

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Supreme Court Allows Appeal by Appellants, Setting Aside High Court Order Imposing Penalty Liability on Insurance Company Under Employees Compensation Act, 1923 -- Employer Solely Liable for Penalty Under Section 4A(3)(b) as Per Ved Prakash Garg Judgment

The Supreme Court allowed the appeal by Appellants, challenging the Delhi High Court's order that imposed liability for penalty under Section 4A(3)(b)...

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Supreme Court Dismisses Power Trust's Appeal Against CIRP Initiation for Appellant(s), Upholds NCLAT Order Admitting Section 7 IBC Application Due to Default and Non-Compliance with Restructuring Conditions

The Supreme Court dismissed an appeal challenging the initiation of corporate insolvency resolution process (CIRP) against Hiranmaye Energy Ltd. under...

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High Court Dismisses Applicants Revision Applications Against Multiple Borrowers in Loan Recovery Case Due to Procedural Deficiencies and Lack of Jurisdictional Error

The High Court dismissed a series of Civil Revision Applications filed by Applicant challenging the dismissal of its applications for restoration of s...

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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Limitation Act, 1963 – Article 113 – Right to sue accrued when the default in payments occurred – Declaration as a defaulter does not extend limitation period – Suit for recovery of membership dues held time-barred.

a. Cause of action arose when the default in payment occurred, not when the respondents were declared defaulters.b. Suit filed beyond three years from...

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Supreme Court Allowed Eviction Suit – Bona Fide Need of Landlord Duly Established – High Court and First Appellate Court Orders Set Aside.

Eviction of Tenant on Grounds of Bona Fide Need – Premises Required for Installation of Ultrasound Machine for Landlord’s Unemployed Sons The Sup...