In a significant ruling, the Himachal Pradesh High Court has clarified that vicarious liability under Section 34 of the Drugs and Cosmetics Act, 1940, cannot be imposed on individuals unless it is clearly established that they were directly in charge of …
In a significant development in cheque bounce cases, the Allahabad High Court in 2024 ruled that a demand notice sent via email or WhatsApp is legally valid, provided it meets the conditions under Section 13 of the Information Technology Act, 2000. This verdict modernizes legal …
In a significant judgment, the Jharkhand High Court ruled that employers cannot deny pension benefits on the basis of insufficient service or contribution if the delay in reinstatement of an employee—pursuant to a tribunal award—was due to the employer’s own …
In a significant ruling, the Supreme Court of India has held that it is not mandatory for a complaint under the Negotiable Instruments Act to detail the specific administrative role of company directors in cheque dishonour cases. The verdict reinforces …
Generally, you cannot file an FIR (First Information Report) at a police station solely for the recovery of money. Police are not equipped to handle civil matters like debt recovery, and the legal framework doesn’t authorize them to act as …
Filing a summary suit offers several advantages for money recovery, including expedited legal proceedings, faster resolutions, and streamlined procedures. It’s a fast-track mechanism designed for cases involving clear debt or liquidated demands arising from written contracts, enabling quicker recovery compared …
In the realm of financial transactions, cheques are a commonly used instrument to ensure payment security. However, issues often arise when a cheque, particularly a security cheque, gets dishonoured. A widely debated question is whether the dishonour of a security cheque can attract …
Issuing a blank cheque, where only the signature is affixed and all other particulars are left blank, is a common practice in many business and personal transactions in India. While this might seem risky at first glance, Indian law has laid …
In a significant ruling, the Himachal Pradesh High Court has emphasized that winding-up proceedings under the Companies Act should be transferred to the National Company Law Tribunal (NCLT) if they have not reached an irreversible stage. The division bench comprising …
Starting April 1, 2025, the Government of India has implemented significant amendments to the Negotiable Instruments Act, focusing on cheque bounce cases. These updated rules aim to reduce financial fraud, increase accountability, and protect honest recipients of cheques. Here’s a comprehensive …
A cheque bounce notice is a crucial legal document issued under Section 138 of the Negotiable Instruments Act, 1881, when a cheque issued for payment is dishonoured due to insufficient funds or other reasons. This notice serves as the formal intimation …
In a significant step toward enhancing the digital infrastructure of financial services and combating money laundering, the Department of Revenue under the Ministry of Finance has officially permitted five prominent Non-Banking Financial Companies (NBFCs) to conduct Aadhaar-based authentication. This authorization …
The Union Government informed the Supreme Court that the scope of review petitions challenging the Vijay Madanlal Choudhary judgment—which upheld key provisions of the Prevention of Money Laundering Act (PMLA), 2002—must be confined to two specific issues flagged during the admission stage. …
Introduction to Summary Suits under Order 37 CPC Summary suits, governed by Order XXXVII of the Code of Civil Procedure (CPC), provide a fast-track litigation mechanism for cases involving liquidated demands, promissory notes, bills of exchange, and written contracts. This procedure helps …
Chartered Accountants and legal experts seek relief for procedural lapses under Registrar of Firms regulations In a significant move aimed at supporting the ease of doing business in Maharashtra, a group of chartered accountants and legal professionals—operating under the BJP …
To file a money recovery suit, you’ll need evidence demonstrating the debt and the obligation to repay. This can include contracts, receipts, bank statements, or any other document proving the money was lent or owed. Essentially, you need to establish that the …
The Securities and Exchange Board of India (SEBI), India’s capital markets regulator, has proposed a significant amendment to its IPO framework, aiming to strengthen transparency and reduce risks associated with physical shareholdings. In a recent consultation paper, SEBI suggested that …
In a significant judgment, the Himachal Pradesh High Court has ruled that workers engaged under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), 2005, are not covered under the Employees’ Compensation Act, 1923. This decision affirms that such workers …
On May 2, 2025, the Supreme Court of India delivered a landmark judgment in the Bhushan Power and Steel Limited (BPSL) insolvency case, significantly redefining the scope and application of the Insolvency and Bankruptcy Code (IBC), 2016. By overturning the 2020 ruling of …
A summary suit for recovery of money is a legal action filed in court to recover a debt, often used when the defendant’s liability is clear and undisputed. It’s a streamlined process aimed at faster resolution compared to a regular civil …