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Madras High Court Dismisses Writ Petition Challenging Bank's Set-off of Fixed Deposit Against Loan Default Under SARFAESI Act. Bank's Right to Set-off Margin Money Fixed Deposit Against Outstanding Loan Upheld as Contractual and Statutory Right Under Section 171 of Contract Act and SARFAESI Act.

The writ petitioner, M/s Chithra Agencies Private Limited, an authorized dealer of Castrol India Ltd., availed cash credit facility from Canara Bank, ...

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Supreme Court Dismisses Consumer Complaint Against Postal Authorities in Kisan Vikas Patra Fraud Case. Postal authorities not vicariously liable for agent's fraud as payment was made to holder under Negotiable Instruments Act, 1881, and appellants' negligence in signing instruments contributed to loss.

The dispute arose from a consumer complaint filed by Pradeep Kumar and Raj Rani against postal authorities, including the Post Master General and othe...

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Supreme Court Allows Appeal by Post Office in Indira Vikas Patra Loss Case — Rules No Deficiency in Service Under Consumer Protection Act, 1986. Lost Bearer Instrument Cannot Be Replaced Under Rule 7(2) of Indira Vikas Patra Rules, 1986.

The case involves appeals by the Superintendent of Post Office, Bolangir Division, Odisha, against orders of the National Consumer Disputes Redressal ...

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Bombay High Court Dismisses Appeal Against Refusal to Refer Dispute to Arbitration in Summary Suit for Recovery of Price of Goods Sold. Arbitration Clause in Clearing and Forwarding Agency Agreement Not Attracted as Dispute Arose from Independent Sale Transactions, Not from the Agreement.

The appellant-defendant, T.A.I. Pharma Ltd., entered into a Clearing and Forwarding Agency Agreement dated 1st January 2007 with the respondent-plaint...

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Bombay High Court Allows Writ Petition of Municipal Council for Payment of Kisan Vikas Patra Maturity Amount Despite Limitation Bar. Court Directs Release of Rs. 12 Lakhs with 6% Interest, Holding That Writ Jurisdiction Can Be Exercised When Limitation Not Raised by Respondent.

The petitioner, Mormugao Municipal Council, a municipal council established under the Goa Municipalities Act, 1968, invested a sum of Rs. 6,00,000/- i...