Rajasthan High Court clarifies that Section 21 of the Companies Act, 2013, does not prohibit oral agreements between companies. Read the judgment’s key findings and business implications. Introduction The Rajasthan High Court has clarified that Section 21 of the Companies …
Delhi High Court rules that the 45-day maximum period for filing a written statement before DRT under Section 19(5)(i) of the RDB Act cannot be extended or condoned by courts. The Delhi High Court has held that the statutory period …
Supreme Court Clarifies Validity of Section 138 Demand Notice Under Negotiable Instruments Act The Supreme Court has delivered an important ruling on the validity of a statutory demand notice in cheque dishonour cases under Section 138 of the Negotiable Instruments …
Delhi High Court refuses to quash criminal proceedings against Supertech directors in the Hill Town project case, citing prima facie material supporting allegations of cheating, breach of trust and criminal conspiracy. The Delhi High Court has declined to interfere with …
Delhi High Court refuses to revive a cheque dishonour case after the bank’s counsel represented that dues were fully paid, reaffirming the importance of counsel statements and Lok Adalat settlements. The Delhi High Court has declined to revive a cheque …
SAFEMA Tribunal rules that a bank’s SARFAESI security interest cannot override benami property attachment, reinforcing the priority of the Benami Property Transactions Act. The Appellate Tribunal under SAFEMA, New Delhi, has delivered an important ruling concerning the conflict between benami …
Punjab RERA rules that when both developer and allottee are at fault, neither can claim specific performance or unfair earnest money forfeiture. The Authority orders refund with interest. Punjab RERA has ruled that when both the allottee and the developer …
Karnataka High Court rules that MSME registration alone cannot stop SARFAESI recovery. Borrowers must actively participate in the MSME revival process and establish genuine business viability. The Karnataka High Court has clarified that merely holding an MSME registration does not …
Telangana High Court rules that merely processing loan proposals cannot establish criminal conspiracy against a bank officer without proof of knowledge, mens rea or conscious participation in the alleged fraud. The Telangana High Court has reaffirmed an important principle of …
Rajasthan RERA awards ₹1 lakh compensation to homebuyers after a promoter retained their ₹1.45 lakh booking amount for years, highlighting buyers’ rights to refund and compensation under RERA. Case Name: Seema Devi & Ors. v. Ravi Surya Affordable Homes Pvt. Ltd. …
Allahabad High Court rules that retirement benefits depend on length of service, not merely the post held, directing pension and gratuity benefits after nearly 30 years of service. The Allahabad High Court has delivered an important ruling on retirement benefits, pension …
Allahabad High Court directs SBI to refund ₹19.90 lakh debited from a widow’s fixed deposit towards her deceased husband’s loan, along with interest and ₹1 lakh compensation. Introduction In an important ruling concerning banking law, recovery of loans and protection of …
The Delhi High Court has directed the Central Government to decide a representation challenging the September 21, 2026 deadline for private individuals, professionals and commercial entities to migrate from FIPS 140-2 cryptographic tokens to the newer FIPS 140-3 standard for …
The Bombay High Court has reaffirmed an important principle concerning the custody and return of original property documents after repayment of a loan. The Court has held that when a borrower deposits valuable original title documents with a bank as security …
Pala MLA Mani C. Kappan has been sentenced to one year of simple imprisonment by a Mumbai court in a cheque-bounce case concerning an alleged financial transaction linked to shares of Kannur International Airport Limited (KIAL). The court has also ordered …
The District Consumer Disputes Redressal Commission, Kolkata-I (North), has held that a real estate developer’s failure to refund the amount collected from homebuyers after cancellation of a flat allotment can amount to an “unfair trade practice” under consumer protection law. In Bikash Agarwal …
The Supreme Court has granted significant relief to a retired employee whose Scheduled Tribe (ST) community certificate was declared invalid after he had completed more than three decades of government service. In Shirish Pandharinath Patil v. State of Maharashtra & Ors., …
The National Company Law Tribunal (NCLT) has introduced a significant procedural change aimed at promoting environmental sustainability and ensuring greater uniformity in the manner documents are submitted before its various benches. Under a circular issued on September 3, the NCLT has directed that petitions, …
Ola Electric has been directed to pay more than ₹1.30 lakh to a consumer after a Kerala District Consumer Disputes Redressal Commission found the company guilty of deficiency in service and unfair trade practice. The case highlights the responsibilities of manufacturers …
The Delhi High Court has ruled that a Look Out Circular (LOC) cannot be issued against a person merely because he was a non-executive or independent director of a company that defaulted on its bank loan, particularly when there is no …