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Bombay High Court Partially Allows Borrower's Waiver Challenge and ARCL's Interest Inclusion Petitions in SARFAESI Appeal Pre-Deposit Dispute. The Court reduced pre-deposit from 50% to 25% of debt due including interest, balancing the borrower's right to appeal and the secured creditor's interests.

The case involves cross-petitions arising from a common DRAT order dated 04 June 2024. The borrower, M/s Royal Traders, challenged the DRAT's refusal ...

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Bombay High Court Hears Suit for Redemption of Pledged Securities After Loan Default; Plaintiffs Abandoned Main Claim of Transfer Agreement. Pledge Agreement Clause 14(ii) Notice and Default by Pledgor Form Core of Dispute Over Shares of Sesa Sterlite.

The suit was filed by Harinarayan G. Bajaj and others against Reliance Capital Limited and Sesa Sterlite Limited. Plaintiffs borrowed a total of Rs.10...

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High Court of Karnataka Dismisses Petitions Challenging Election Notification for Cooperative Societies — Election Process Once Notified Cannot Be Interfered With. Non-Compliance with Section 28A of Karnataka Cooperative Societies Act, 1959, is a Ground for Election Petition, Not for Stay of Election.

The petitioners, various Primary Agricultural Credit Co-operative Societies, challenged the election notification issued by the State Election Commiss...

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High Court of Karnataka Dismisses Petitions Challenging Election Notification for Co-operative Banks. Rule 3(2) of Karnataka Co-operative Societies Rules, 1960 Held Directory, Not Mandatory.

The petitioners, various Primary Agricultural Credit Co-operative Societies, filed writ petitions challenging the election notification issued by the ...