Supreme Court Quashes FIR Against HDFC Bank & Officials for Violating Income Tax Dept Order

1 day, 2 hours ago

Sanctioning Authority U/S 17A Prevention Of Corruption Act Must Apply Mind To Both Complaint, Other Materials Related To Accusations: Madras HC

Live Law

The Madras High Court recently observed that while granting approval for prosecuting a public officer under Section 17A of the Prevention of Corruption Act, the concerned authority should apply its mind not just to the complaint before it but also on other materials to throw light on the need for prosecution. In the order passed before his retirement, Justice N …

Court Materials Mind Fir Approval Kumar Section 17A

1 day, 6 hours ago

Bombay High Court Reprimands Bank For Denying Employee's Request To Reverse Promotion To Care For Visually Impaired Child, Imposes ₹25K Cost

Live Law

The Bombay High Court recently chastised the Indian Overseas Bank for denying the request of one of its employees to reverse her promotion in Chennai and transfer her back to Mumbai, so that she could better care for her visually impaired child. It said, “As a mother she understand the difficulties posed by her 10 year old child, and is …

Mumbai Court Chennai Bank Child Promotion Request

1 day, 22 hours ago

Income Tax Dept Can Invoke S.159 When Reassessment Notice Was Issued During Lifetime Of Deceased Assessee: Delhi HC

Live Law

The Delhi High Court has held that Section 159 of the Income Tax Act can be invoked to proceed against the legal representative of an assessee, only in cases where the reassessment notice was issued to the assessee during his lifetime, not after. At the outset, the division bench of Justices Yashwant Varma and Dharmesh Sharma noted that “Section 159 …

Legal Court Reassessment Income Tax Notice Act Issued

2 days, 2 hours ago

No Principal-Agent Relationship: Delhi State Commission Says No Deficiency By Canara Bank

Live Law

The Delhi State Consumer Disputes Redressal Commission, presided over by Justice Sangita Dhingra Sehgal and Ms. Pinki, has allowed the appeal filled by Canara Bank and exonerated the bank of allegations of service deficiency. Brief Facts of the Case: The complainant filed a complaint before the District Commission, alleging that Canara Bank, acting as a corporate agent for Bajaj Allianz …

Insurance Bank Company State Commission Complainant Policies

2 days, 3 hours ago

Twin Conditions U/S 127 Of Income Tax Act For Transferring Assessee's Case From One Officer To Another Are Mandatory: Himachal Pradesh HC

Live Law

The Himachal Pradesh High Court has elucidated the mandatory twin conditions for transfer of an assessee's case under Section 127 of the Income Tax Act, 1961, from one Assessing Officer to another. A division bench of Justices Tarlok Singh Chauhan and Rakesh Kainthla observed, “The twin conditions to be complied with by the respondents for transferring the case of the …

Delhi Tax Court Income Tax Income Respondent Department

2 days, 4 hours ago

Existence Of "Proceeds Of Crime" Is Pre-Condition For Money-Laundering: J&K High Court Quashes PMLA Complaints In Alleged ₹250 Cr Scam

Live Law

Underscoring the necessity of the existence of "proceeds of crime" for constituting an offence under the Prevention of Money-Laundering Act, 2002 the Jammu and Kashmir and Ladakh High Court has reiterated that in the absence of such proceeds, no money-laundering offence could arise. The petitioners, who served as Chairman and Secretary, respectively, of the River Jehlum Co-operative House Building Society …

Crime Society Court Money Laundering Money Bank Loan

2 days, 4 hours ago

Calcutta High Court Annual Digest: Part-II [Citations: 100-199]

Live Law

Constitution Of Arbitral Tribunal Is Not A Bar On A Party's Right To Approach Section 9 Court For Implementation Of Its Order: Calcutta High Court Case Title: RKD Niraj JV & Ors v. Union of India & Ors, WPO No. Law Doesn't Discriminate Between Individual Women, Couples Seeking IVF; No Requirement For Sperm/Oocyte To Come From Couple Themselves: Calcutta HC …

Court Calcutta High Award Ivf Calcutta High Court

2 days, 19 hours ago

Can CBI Probe Into Fraud In Company When SFIO Investigation Is Pending? Supreme Court Reserves Judgement

Live Law

The Supreme Court today reserved its judgment on the issue of whether the Central Bureau of Investigation can conduct investigation with respect to fraud in a company when the Serious Fraud Investigating Officer is already investigating the matter. "What the enactment does is, it creates a specific unit for the companies Act because sometimes they find that the police officers …

Fraud Investigation Court Companies Case Company Cbi

3 days, 6 hours ago

Rajasthan HC Directs Tax Commissioner To Recall 'Contemptuous Order' Denying Benefit Of Entertainment Tax Scheme To Cinema Theatre

Live Law

The court said, " However, a bare perusal of the order impugned dated 08.09.2016 makes it clear that the Deputy Commissioner, in total contravention to the finding as recorded by the Court in judgment dated 04.04.2014, again held that the petitioner would not be entitled to the benefit of the amended scheme and therefore, affirmed the order dated 05.04.1995. After …

Judgment Court Contempt Order High Deputy Scheme

3 days, 23 hours ago

Uploading Information On Insight Portal Not A Substitute For Handing Over Material To AO For Non-Searched Entity U/S 153C Of IT Act: Delhi HC

Live Law

The Delhi High Court has held that the provision under Section 153C of the Income Tax Act, 1961 for the Assessing officer of a searched person to record 'satisfaction' and handover documents regarding undisclosed income of another person cannot be substituted by merely uploading such information on the Department's insight portal. A division bench of Acting Chief Justice Vibhu Bakhru …

Court Income Tax Act Person Section 153C Of The Act Insight Portal

4 days, 4 hours ago

S. 21 CPC | Objections To Place Of Suing Can't Be Allowed Unless Taken In Court Of First Instance At Earliest Opportunity: Supreme Court

Live Law

The Supreme Court held that objections to jurisdiction under Section 21 of the Code of Civil Procedure, 1908, must be filed at the earliest, and no objection will be entertained at the belated stage unless injustice is caused. The bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar was hearing the appeal filed against the Calcutta High Court's decision, …

Kolkata Supreme Court Jurisdiction Constitution Application Order High

5 days, 1 hour ago

'Bank Should Remain Vigilant' : Supreme Court Holds SBI Liable To Refund Amount To Customer Who Reported Fraudulent Transaction

Live Law

The Supreme Court recently observed that banks cannot shy away from the responsibility to safeguard their customers from unauthorized transactions reported from their accounts. The Court upheld the State Bank of India's liability for the fraudulent and unauthorized transactions reported in the customer's bank account. The bench was hearing the SLP filed by the SBI against the Gauhati High Court's …

Supreme Court Court Bank Liability Reported Rbi Account

5 days, 3 hours ago

FAOs And JAOs Have Concurrent Jurisdiction For Assessment, Re-assessment Or Re-Computation U/S 147 Income Tax Act: Madras High Court

Live Law

The Madras High Court recently clarified that both the Faceless Assessment Officer and Jurisdictional Assessment Officer have concurrent jurisdiction as far as assessment, re-assessment or re-computation under Section 147 of the Income Tax Act. In such case, the FAO will not have any jurisdiction to make assessment, re-assessment or re-computation…As far as the issuance of notice under Section 148 of …

Jurisdiction Tax Court Assessment Income Notice Act

5 days, 16 hours ago

HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case

Hindustan Times

Mumbai: The Bombay High Court on Friday issued a notice to the Central Board of Investigation in a plea related to an alleged multi crore mutual fund scam case against Viresh Joshi, a former manager at Axis Mutual Fund, and others, in connection with the multi-crore ‘front-running’ fraud. A bench of justice Revati Mohite-Dere and justice Dr. Neela Gokhale was …

Joshi Cbi

Chargesheet Cannot Be Based On Bald Assertions Of Connivance: Supreme Court

Trending News

6 days, 1 hour ago

Chargesheet Cannot Be Based On Bald Assertions Of Connivance: Supreme Court

Live Law

sThe Supreme Court recently held that offences in the chargesheet cannot be based on bald assertions of connivance. The Supreme Court referred to the ample judgments interpreting Section 197 namely Manohar Nath Kaul v. State of Jammu & Kashmir, Shambhoo Nath Misra v. State of U.P. Having considered the application of Section 197, the Court opined that the arguments of …

Supreme Court Court State Fir Act Offence Appellant

Trending News

6 days, 1 hour ago

Chargesheet Cannot Be Based On Bald Assertions Of Connivance: Supreme Court

Live Law

sThe Supreme Court recently held that offences in the chargesheet cannot be based on bald assertions of connivance. The Supreme Court referred to the ample judgments interpreting Section 197 namely Manohar Nath Kaul v. State of Jammu & Kashmir, Shambhoo Nath Misra v. State of U.P. Having considered the application of Section 197, the Court opined that the arguments of …

Supreme Court Court State Fir Act Offence Appellant

6 days, 19 hours ago

Reassessment U/S 150 Of Income Tax Act Can't Be Initiated On Mere 'Incidental' Findings Of Appellate Authority: Delhi High Court

Live Law

The Delhi High Court has held that Section 150 of the Income Tax Act, 1961 can be invoked for reassessment only to give effect to a 'conclusive finding' by an appellate authority regarding escapement of income by an assessee. Both terms demand a direct and substantive nexus to the matter under adjudication and cannot extend to incidental or ancillary conclusions.” …

Court Reassessment Order Income Capital Direction Effect

6 days, 20 hours ago

Commissioner Cannot Use Its Power U/S 107(2) CGST Act To Review Order Passed By Appellate Authority: Delhi High Court

Live Law

The Delhi High Court has made it clear that a Commissioner under the Central Goods and Services Tax Act 2017 cannot, in purported exercise of its powers under Section 107, sit in appeal over an order passed by the Appellate Authority. A division bench of Justices Yashwant Varma and Dharmesh Sharma ruled, “The Commissioner, while seeking to review an order …

Delhi Court Power Order Review Commissioner Refund

1 week ago

Co-Accused Can Apply Separately For Compounding Of Offences Committed By Company Or HUF Under Income Tax Act: Delhi High Court

Live Law

The Delhi High Court has held that co-accused are entitled to apply separately for compounding of offences committed by a Company or a Hindu Undivided Family under the Income Tax Act, 1961. A division bench of Acting Chief Justice Vibhu Bakhru and Justice Tushar Rao Gedela ruled that the co-accused need not await filing of application for compounding by the …

Court Income Tax Act Application Company Separately Petitioner Offences

1 week ago

Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]

Live Law

Nominal Index: C. Alavi v The State of Kerala and Another, 2024 LiveLaw 766 T. N. Mukundan v State of Kerala and Others, 2024 LiveLaw 767 Motorsigns India v State of Kerala & Connected Matters, 2024 LiveLaw 768 Nizar v State of Kerala, 2024 LiveLaw 769 Aravindakshan P. R. v Assistant Director, ED and Another, 2024 LiveLaw 770 M/S Inkel …

India Society Justice Kerala Disciplinary Proceedings Supreme Court High Court

1 week ago

Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]

Live Law

Nominal Index: C. Alavi v The State of Kerala and Another, 2024 LiveLaw 766 T. N. Mukundan v State of Kerala and Others, 2024 LiveLaw 767 Motorsigns India v State of Kerala & Connected Matters, 2024 LiveLaw 768 Nizar v State of Kerala, 2024 LiveLaw 769 Aravindakshan P. R. v Assistant Director, ED and Another, 2024 LiveLaw 770 M/S Inkel …

India Society Justice Kerala Disciplinary Proceedings Supreme Court High Court

1 week ago

When Investigation Is Substantially Completed By Improper Officer, SCN Issued U/S 74 Of CGST Act Is Liable To Be Set Aside: Karnataka HC

Live Law

The Karnataka High Court held that when investigation is substantially completed by improper officer, show cause notice issued by proper officer u/s 74 of CGST Act is liable to be set aside. Arun observed that “….substantial part of the investigation including search and seizure of the materials has been done by respondent no.2 who is not the proper Officer and …

Investigation Search Respondent Notice Officer Act Seizure

For Offence Of False Evidence In A Tribunal, Only Remedy Is Private Complaint; Route Of S.195/340 CrPC Not Applicable : Supreme Court

Trending News

1 week ago

For Offence Of False Evidence In A Tribunal, Only Remedy Is Private Complaint; Route Of S.195/340 CrPC Not Applicable : Supreme Court

Live Law

The Supreme Court held that for the offence of giving false evidence before a Tribunal, the only remedy is to file a private complaint, as the route of Sections 195 read with Section 340 of the Code of Criminal Procedure is available only for offences committed in a proceeding before a Court.Facts of the caseAs per brief facts, the present …

Supreme Court Court False Evidence False Tribunal Complaint Private

Trending News

1 week ago

For Offence Of False Evidence In A Tribunal, Only Remedy Is Private Complaint; Route Of S.195/340 CrPC Not Applicable : Supreme Court

Live Law

The Supreme Court held that for the offence of giving false evidence before a Tribunal, the only remedy is to file a private complaint, as the route of Sections 195 read with Section 340 of the Code of Criminal Procedure is available only for offences committed in a proceeding before a Court.Facts of the caseAs per brief facts, the present …

Supreme Court False Evidence Tribunal Complaint Private Committed Offence

1 week, 1 day ago

CBI Doesn't Need State Govt's Consent To Register FIR Under Central Law Against Central Govt Employee Posted In That State : Supreme Court

Live Law

The Supreme Court on December 2 held that the Central Bureau of Investigation does not require permission from the State Government to register a First Information Report under the Central Legislation against a Central Government employee just because the employee happens to work within the territory of a particular State.In this case, two FIRs were registered against. The Supreme Court …

Consent Supreme Court Investigation Court Held Central Cbi

1 week, 1 day ago

Madhya Pradesh High Court Annual Digest Part 1: Citations 1-133

Live Law

Citations: 2024 LiveLaw 1 To 2024 LiveLaw 133 The appellant in this case held lease hold rights on behalf of Indian Oil Company qua a retail outlet at Satna. Wife's Refusal To Consummate Marriage Amounts To Mental Cruelty, Ground For Divorce: MP High Court Title: Sudeepto Saha v. Moumita Saha Citation: 2024 LiveLaw 6 The Madhya Pradesh High Court has …

Madhya Pradesh High Court Justice High Court Medical Negligence Court Mutual Consent University

1 week, 3 days ago

Code of Criminal Procedure (CrPC): Important Judgments By Supreme Court In 2024

Live Law

As 2025 begins, Live Law summarizes important decisions on the Code of Criminal Procedure of the past year. S.319 CrPC | Stronger Evidence Needed To Summon Person As Additional Accused During Trial : Supreme Court Case Title: SHANKAR VERSUS THE STATE OF UTTAR PRADESH & ORS., Citation : 2024 LiveLaw 345 The Supreme Court held that to summon a person …

Delhi Supreme Court High Court Procedure Court Uttar Pradesh Citation

1 week, 4 days ago

Employer Can't Deduct Excess Amount From Retiral Benefits Paid To Employee On Erroneous Fixation Of Pay Scale : Calcutta High Court

Live Law

A division bench of the Calcutta High Court comprising of Justice Harish Tandon & Justice Prasenjit Biswas held that the employer cannot deduct or adjust the excess amount paid to the employee on erroneous fixation of pay scale from the retiral benefits. was relied upon by the court wherein the Supreme Court held that any amount paid to the employee …

High Court Pay Case Employee Ors Cas Paid

1 week, 4 days ago

Consumer Cases Weekly Round Up:[ 23rd December – 29th December 2024]

Live Law

National Consumer Disputes Redressal Commission NCDRC Holds Bajaj Insurance Liable For Deficiency In Service Over Wrongful Repudiation Of Insurance Claim Case Title: Vasantiben Vs. Bajaj Allianz Life Insurance Company Ltd Case Number: R.P. Delhi State Commission Holds National Insurance Company Liable For Rejecting Claim Due To Bariatric Surgery Case Title: National Insurance Co. Ltd. Shanta Devi & Ors Case No: …

Insurance Consumer Delhi Title Disputes State Sbi

1 week, 5 days ago

Bombay High Court Weekly Round-Up: December 23 - December 29, 2024

Live Law

Citations: 2024 LiveLaw 650 to 2024 LiveLaw 654 Nominal Index: Zahid Khamisa vs. State of Maharashtra & Anr, 2024 LiveLaw 650 Imperial Consultants and Securities vs. Deputy CIT, 2024 LiveLaw 651 Shri Saibaba Sansthan Trust vs. Union of India, 2024 LiveLaw 652 Nav Chetna Charitable Trust vs, CIT, 2024 LiveLaw 653 Chandrabhan Atulkar v. MOIL Ltd., 2024 LiveLaw 654 Judgments/Final …

Trust Justice Court Bombay High Court Assessment 2024 High

1 week, 5 days ago

Tax Weekly Round-Up [23rd December - 29th December 2024]

Live Law

HIGH COURTS Bombay HC ITO Acted On Complete Change Of Opinion On Same Material With Intent To Review Assessment Order Passed By Him: Bombay HC Quashes Reopening Case Title: Imperial Consultants and Securities vs. Deputy CIT Case no. Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245: Calcutta HC Case Title: Pradeep …

Justice Tax Court Customs Assessment Income Tax Act Income

1 week, 6 days ago

Bank staff among 4 held for siphoning off ₹12.2 crore from CRED operator firm: Report

Hindustan Times

Karnataka police arrested an Axis Bank relationship manager and three others on Sunday for allegedly swindling ₹12 crore from Dreamplug Paytech Solutions Pvt Ltd, a Bengaluru-based company that operates the credit card payment platform Cred. The sophisticated fraud was exposed when the company's executives spotted suspicious transactions from their bank accounts and lodged a complaint with the police. According to …

Fraud Report Bank Accounts Cred

2 weeks ago

Economic Offences Involving Corruption & Loss to Public Exchequer Cannot Be Quashed Based On Settlement : Supreme Court

Live Law

Observing that the economic offences stand on a different footing than other offences and have wider ramifications, the Supreme Court refused to quash the corruption case based on the settlement arrived between the accused and the bank. observed that economic offences involving financial fraud and economic losses to the public exchequer have broader societal implications and cannot be lightly quashed. …

Court Settlement Bank Economic Offences Case Adv Drt

2 weeks ago

Economic Offences Involving Corruption & Loss to Public Exchequer Cannot Be Quashed Based On Settlement : Supreme Court

Live Law

Observing that the economic offences stand on a different footing than other offences and have wider ramifications, the Supreme Court refused to quash the corruption case based on the settlement arrived between the accused and the bank. observed that economic offences involving financial fraud and economic losses to the public exchequer have broader societal implications and cannot be lightly quashed. …

Court Settlement Bank Economic Offences Case Economic Loss Offences

2 weeks, 1 day ago

100 Important Supreme Court Judgments- Part 3 [51 to 75]

Live Law

Case Title – Sheikh Javed Iqbal @ Ashfaq Ansari @ Javed Ansari v. State of Uttar Pradesh., 2024 LiveLaw 486 In a significant judgment granting bail to an undertrial prisoner facing charges under the Unlawful Activities Act, 1967, the Supreme Court held that a constitutional court can grant bail despite statutory restrictions if it finds that the right to speedy …

India Delhi Supreme Court Court Bail States Title

2 weeks, 1 day ago

S.147 Of IT Act Doesn't Postulate Review Jurisdiction Such That Assessment Can Be Reviewed By AO Intending To Form Different Opinion: Bombay HC

Live Law

The Bombay High Court ruled that the materials which were already available before AO and which ultimately were considered in passing assessment order u/s 143, cannot form basis of reopening, on ground that such materials were ignored in finalizing assessment. The Division Bench of Justice G S Kulkarni and Justice Firdosh P Pooniwalla observed that AO cannot assume jurisdiction under …

Trust High Court Court Assessment Order Review Proceedings

ITO Acted On Complete Change Of Opinion On Same Material With Intent To Review Assessment Order Passed By Him: Bombay HC Quashes Reopening

Trending News

2 weeks, 2 days ago

ITO Acted On Complete Change Of Opinion On Same Material With Intent To Review Assessment Order Passed By Him: Bombay HC Quashes Reopening

Live Law

While setting aside the reassessment proceedings, the Bombay High Court held that 'change of opinion' or 'review of already completed assessment', is not permitted to AO. Facts of the case: The petitioner/ assessee company, engaged in investment and trading of shares and securities, filed its return, after which a notice u/s 142 was issued calling upon the assessee to furnish …

Assessment Sec Bench Material Reasons Assessee Hc Quashes

Trending News

2 weeks, 2 days ago

ITO Acted On Complete Change Of Opinion On Same Material With Intent To Review Assessment Order Passed By Him: Bombay HC Quashes Reopening

Live Law

While setting aside the reassessment proceedings, the Bombay High Court held that 'change of opinion' or 'review of already completed assessment', is not permitted to AO. Facts of the case: The petitioner/ assessee company, engaged in investment and trading of shares and securities, filed its return, after which a notice u/s 142 was issued calling upon the assessee to furnish …

Assessment Sec Bench Material Reasons Assessee Reopening

2 weeks, 2 days ago

No Penalty Can Be Levied U/S 271B Of IT Act If No Prejudice Is Caused To Dept On Account Of Belated Furnishing Of Audit Report: Kerala HC

Live Law

The Kerala High Court held that circumstances under which AO can absolve a taxpayer from payment of penalty u/s 271B are discernible from a reading of Sec 273B, which states that no penalty can be imposed on an assessee u/s 271B for breach of the provisions, if he proves that there was "reasonable cause" for the said failure. The Division …

Penalty Audit Delay Report Cause Sec Bench

Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC

Trending News

2 weeks, 2 days ago

Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC

Live Law

The Calcutta High Court recently reiterated that when the settlement applications were filed before the date on which the Finance Act 2021 did not come into effect, then taxpayers had vested right of preferring the application in absence of any statute prohibiting the said application. The Bench reiterated so, while referring to decision of Bombay High Court in case of …

Finance India Settlement Applications Application High Sec

Trending News

2 weeks, 2 days ago

Amendment In Finance Act Can't Retrospectively Affect Vested Right Of Taxpayer To Adjudicate Settlement Application U/S 245(D): Calcutta HC

Live Law

The Calcutta High Court recently reiterated that when the settlement applications were filed before the date on which the Finance Act 2021 did not come into effect, then taxpayers had vested right of preferring the application in absence of any statute prohibiting the said application. The Bench reiterated so, while referring to decision of Bombay High Court in case of …

Finance India Settlement Applications Application High Sec

2 weeks, 2 days ago

Supreme Court Yearly Digest 2024: Negotiable Instruments Act, 1881

Live Law

Director of the company not responsible for its day-to-day affairs cannot be held liable for dishonour of cheque. Prem Raj v. Poonamma Menon, 2024 LiveLaw 272 : 6 SCC 143 Section 138 – Dishonouring of cheque – Held, existence of any “enforceable debt or other liability” not found. Raj Reddy Kallem v. State of Haryana, 2024 LiveLaw 336 Section 147 …

Supreme Court Negotiable Instruments Act Bank Criminal Proceedings 2024 Accused Act

2 weeks, 2 days ago

Karnataka High Court Annual Digest 2024 [Part I]

Live Law

Citation No: 2024 LiveLaw 1 to Citation No: 2024 LiveLaw 260 Judgments/Orders Karnataka High Court Quashes Rape Charge On False Promise To Marry But Orders Accused To Maintain Child Born From 'Consensual' Relationship Case Title: Raghvendraraddi Shivaraddi Naduvinamani AND State of Karnataka Case No: Criminal Petition No 100721 of 2023. A division bench of Chief Justice Prasanna B Varale and …

India Society Bengaluru Karnataka Justice High Court Writ Petition

2 weeks, 3 days ago

Status Report Submitted In Criminal Proceeding Can Have No Bearing While Deciding Application U/S 7 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Mr. Arun Baroka has held that Status Report submitted in a criminal proceeding regarding allegations of fraud and forgery can have no bearing while deciding Section 7 Application. Per contra, the respondent submitted that the debt and default being fully proved, Section 7 Application ought to have been admitted, which …

Corporate Financial Land Application Company Project Status

2 weeks, 3 days ago

Bank Can Exercise General Lien To Appropriate Term Deposits Of Customers Toward Default Payment Of Loan: Karnataka High Court

Live Law

The Karnataka High Court recently set aside an order of the single judge which had directed Union Bank of India to release the amount in Term Deposits which came to be appropriated towards the loan taken by a businessman, exercising its power of general lien over such deposits. Therefore, the appellants have made out grounds to interfere with the impugned …

General Court Bank Loan Term Kar Deposits

2 weeks, 4 days ago

GST Department's Effective Adjudication Of Matter Cannot Be Scuttled By Seeking Writ Remedy: Calcutta High Court

Live Law

While reiterating that it shall not interfere in matters requiring fact-finding and adjudication, which fall squarely within the statutory domain, the Calcutta High Court advised the manufacturer/ supplier to exhaust the statutory remedies provided under the CGST Act, 2017 including submitting a detailed response to the SCN. “The statutory framework under the CGST Act provides adequate mechanisms for addressing the …

High Court Jurisdiction Court Writ Act Bench Gst

2 weeks, 4 days ago

GST Department's Effective Adjudication Of Matter Cannot Be Scuttled By Seeking Writ Remedy: Calcutta High Court

Live Law

While reiterating that it shall not interfere in matters requiring fact-finding and adjudication, which fall squarely within the statutory domain, the Calcutta High Court advised the manufacturer/ supplier to exhaust the statutory remedies provided under the CGST Act, 2017 including submitting a detailed response to the SCN. “The statutory framework under the CGST Act provides adequate mechanisms for addressing the …

High Court Jurisdiction Court Writ Act Bench Gst

2 weeks, 4 days ago

Complaints Of Banking Frauds Not Maintainable Before Consumer Forum: Delhi District Commission

Live Law

The Delhi district commission has held that cyber frauds such as unlawful bank debit transactions are not within the purview of consumer forums. It was argued that such an act of unlawful debit from the bank account required detailed investigation by the police and thus consumer forums cannot decide complaints of such nature. Observations: The bench relied upon the judgment …

Delhi Fraud Consumer Forum Bank Complainant Complaint Detailed Investigation

2 weeks, 4 days ago

Arrests made, but questions linger on security lapses

Hindustan Times

The Chinhat branch of Indian Overseas Bank is barely a couple of hundred metres away from the Matiyari police outpost and under a kilometre away from the Chinhat police station in the state capital. In spite of this, a band of seven thieves managed to cut through a reinforced cement concrete or RCC wall to enter the bank, hack the …

Security Lapses Chinhat Matiyari

2 weeks, 5 days ago

Allahabad High Court Quashes Criminal, ED Proceedings Initiated Against Indiabulls & Its Officials

Live Law

The Allahabad High Court, on Friday, quashed the criminal proceedings initiated by the borrower, Shipra Group, and the Enforcement Directorate against the Indiabulls Group and its officials as arbitral proceedings pursuant to the loan agreements are already underway, a fact which was suppressed by the informant. Observing that the informant had hidden the various proceedings instituted by him in different …

Court Criminal Proceedings Loan High Fir Material Facts Shares

Supreme Court Quashes FIR Against HDFC Bank & Officials for Violating Income Tax Dept Order

History of this topic

Supreme Court Quashes FIR Against HDFC Bank & Officials for Violating Income Tax Dept Order

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Relief To HDFC Bank: Bombay High Court Quashes Reassessment Notice As Jurisdictional Condition Not Satisfied

Bank fraud case: HDFC Bank duped of Rs 1.4 cr by opening priority accounts, 3 arrested

Half-Hearted Approach By CBI Towards Investigating Bank Officials: Special CBI Court Ghaziabad Orders Further Investigation

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