corruption

Bombay High Court: No Sanction Required to Prosecute Retired Public Servant — “Sanction Not Required If Accused Had Retired Before Cognizance; Departmental Exoneration Does Not Bar Criminal Prosecution” — Revision Seeking Discharge Rejected

Court’s decision The Bombay High Court (Aurangabad Bench) dismissed a Criminal Revision Application filed by a former Chief Executive Officer of Zilla Parishad, Jalna, challenging rejection of his discharge application…
labour court

Delhi High Court: No Writ Interference in Labour Court’s Finding of Illegal Termination — “Findings Based on Evidence Cannot Be Reappreciated Under Article 226; Abandonment Plea Rejected” — ₹1.5 Lakh Lump-Sum Compensation to Terminated Workman Upheld

Court’s decision The Delhi High Court dismissed a writ petition filed by Precision Scientific and Testing Equipment Pvt. Ltd. challenging a Labour Court award directing payment of ₹1,50,000 as lump-sum…
covid window

Supreme Court: Section 10A Bar Inapplicable Where Default Predates Covid Window — “Admission Under Section 7 Requires Only Proof of Financial Debt and Default; Business Viability Not a Ground to Reject Admission” — Failed Restructuring Does Not Novate Original Loan; CIRP Against Power Company Upheld

Court’s decision The Supreme Court of India dismissed the appeal filed by Power Trust, promoter of Hiranmaye Energy Ltd., and upheld the admission of a Section 7 application under the…
award

Bombay High Court: SEBI-Registered Broker and NSE/BSE Trading Member Liable for Blatantly Unauthorised F&O Trades — “Arbitral Finding Upheld; Scrip Value Enhancement Set Aside as Relief Not Prayed” — Section 34 Petitions Partly Allowed

Court’s decision The Bombay High Court (Commercial Division) partly allowed petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an appellate arbitral award rendered under the bye-laws…