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Supreme Court Upholds Immunity of Provident Fund Amounts from Attachment Under Section 3(1) of Provident Funds Act, 1925. Attachment of Money Held by Reserve Bank for Transmission Abroad Declared Contrary to Law as Railway Administration was Trustee.

The dispute arose from execution proceedings against a retired railway employee, B, who had subscribed to the State Railway Provident Fund and opted f...

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Bombay High Court Allows Compounding Application in FEMA Case, Directs RBI to Consider on Merits. RBI's Refusal to Compound Contraventions on Ground of Sensitive Nature Requiring Investigation Set Aside as Unreasoned.

The petitioner, M/s. Brentfield Travels Co. Pvt. Ltd., filed a writ petition under Article 226 of the Constitution of India challenging an order dated...

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Bombay High Court Dismisses Petition of Waitlisted Candidates Seeking Appointment as Probationary Officers. No vested right to appointment arises from inclusion in a reserve list; recruitment process concluded with expiry of validity period.

The petitioners, who were waitlisted candidates for the post of Probationary Officers/Management Trainees for the year 2016-2017, filed a writ petitio...

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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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High Court Dismisses Ex-Airman's Claim for Reservist or Special Pension, Upholds Tribunal Decision. Discharge on Fulfilling Enrollment Conditions Does Not Entitle to Reservist Pension Without Reserve Service; Special Pension is Discretionary Under Para 144 of Pension Regulations for Air Force, 1961.

The instant writ petition under Article 226 of the Constitution of India challenged the order dated 28.04.2023 passed by the Armed Forces Tribunal, Re...

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Bombay High Court Adjudicates Writ Petitions Filed by Depositors of PMC Bank Seeking Relief from Withdrawal Restrictions. Court Examines Validity of RBI Directions and Protection of Depositors' Interests under Relevant Banking and Co-operative Laws.

A batch of writ petitions and a public interest litigation were filed before the Bombay High Court by various depositors and account holders of the Pu...

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Supreme Court Upholds Bank's Reauction and Deposit Forfeiture Under SARFAESI Act, 2002. Auction purchaser's failure to pay balance within stipulated time justified forfeiture, with liberty to pursue recovery through independent proceedings.

The appeal arose from a dispute involving auction proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Secur...