Andhra Pradesh HC Sets Aside Order Refusing Interim Arrest Protection As Debtor Was Yet To Be Adjudicated Insolvent

The Andhra Pradesh High Court has recently held said courts must exercise “extreme caution” in matters involving personal liberty even in civil proceedings, while granting relief to a man facing arrest in execution proceedings during the pendency of his insolvency case. Justice Ravi Cheemalapati observed, "It is relevant here to note that the Constitutional Courts have consistently emphasized that courts must exercise extreme caution when dealing with matters involving personal liberty,...

Rajasthan High Court Denies Bail In Rs 2.67 Crore Franchise Fraud, Cites Pattern Of Misconduct

The Rajasthan High Court denied bail to the director of Taskar Global Pvt Ltd, accused of inducing people to invest large sums in a franchise business by falsely promising high returns and a profitable business model. Justice Praveer Bhatnagar was hearing bail applications filed by the accused in connection with two FIRs registered over allegations that he, along with others, persuaded complainants to invest money by promising franchise rights in a healthcare business. The prosecution argued...

Bombay High Court Pulls Up Petitioner Over Plea To Stay Sir Ratan Tata Trust Board Meeting, Petition Withdrawn

The Bombay High Court on Wednesday disposed of as withdrawn a petition seeking a stay on the May 16 board meeting of the Sir Ratan Tata Trust (SRTT) after expressing serious displeasure over the manner in which the proceedings were instituted.A vacation bench of Justices Advait Sethna and Sandesh Patil expressed shock after noting that petitioner Suresh Patilkhede had sought a stay on the SRTT board meeting based on representations pending before the Charity Commissioner even though those...

Delhi High Court Orders Perjury Proceedings Against Manipal Business Solutions Over Alleged Fabricated Documents

The Delhi High Court has directed initiation of prosecution proceedings against Manipal Business Solutions over alleged false statements and use of allegedly fabricated documents in court proceedings against its former employees. The court found a prima facie case that the company made false claims in its lawsuit against employees alleged to have joined rival firm Aurigain Consultants. Explaining why it warranted criminal action, the court held,“Accordingly, this Court is of the opinion that...

Karnataka High Court Holds KPIDFE Act, Like MPID, Has Priority Over SARFAESI Claims

The Karnataka High Court has held that secured creditors cannot claim priority under the SARFAESI Act over properties attached under the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPIDFE Act), and such attachment would prevail in determining the priority of claims. A coram of Justice Lalitha Kanneganti dismissed a writ petition filed by Canara Bank challenging the refusal of the Sub-Registrar to register a sale certificate issued in favour of an...

Loan Repayment Not Contingent On Third-Party Performance, Unless Agreed: Calcutta High Court

The Calcutta High Court has held that a borrower cannot avoid repayment of a loan on the ground that a third party failed to perform its obligations, ruling that such liability flows from the contract between the borrower and the lender. Justice Ajay Kumar Gupta, while dismissing the writ petition filed by Jayanti Karmakar, rejected her contention that she should not be saddled with liability due to the alleged default of the supplier. “The contention of the petitioner that she should not be...

Bombay High Court Says Partners Cannot Sell Firm Property Individually; Sale Agreement Held Void

Holding that partners cannot transfer firm property in their individual capacity once it has become partnership property, the Bombay High Court's Goa bench on April 29 upheld concurrent findings declaring a 2008 Agreement for Sale and related MOUs concerning a Vasco-da-Gama property as void. A single-judge bench of Justice Dr. Neela Gokhale found that the property, originally owned by Shaikh Moosa Shaikh Hussain and Zahida Hussain, had already been brought into the partnership firm, Hotel...

Bombay High Court Rejects NSEL Accused's ₹48 Lakh Bid To Secure Property Attached Under MPID Act

The Bombay High Court has recently dismissed an appeal filed by Ramesh Satpal Nagpal, an accused in the 2013 National Spot Exchange Ltd. (NSEL) case. It refused to permit him to bid for his property attached and put to auction under the Maharashtra Protection of Interest of Depositors Act, 1999, upholding the trial court's rejection of his application.A Division Bench of Justices A.S. Gadkari and Kamal Khata held that merely because the property remained unsold despite being put up for auction...

Bengaluru Court Restrains Defamatory Content, Orchestrated Negative Ratings Against Telugu Film 'Jetlee'

A City Civil and Sessions Court in Bengaluru has granted an ad-interim ex parte injunction restraining social media platforms and online users from publishing defamatory and unverified content against the Telugu film "Jetlee," observing that such material could damage the film's image and cause huge loss to the plaintiff ahead of its May 1 release. In an order dated April 29, 2026, Addl. City Civil and Sessions Judge B Dararatha held that the plaintiff “appears to have made out prima-facie...

Banks Must Halt Online Money Game Transactions On Regulator's Direction Under Online Gaming Rules, 2026

Banks and payment intermediaries will be required to suspend or block transactions linked to online money games when directed by the regulator, under the Online Gaming Rules, 2026.The Rules were notified by the centre on Wednesday.Rule 19(2) says that once the Online Gaming Authority issues directions in respect of an online money game, banks, financial institutions, and entities facilitating transactions must suspend, restrict, or close such transactions and stop authorising funds tied to those...

Cheque Return Memo Need Not Bear Bank Seal Or Signature To Prove Dishonour: Karnataka High Court

The Karnataka High Court has recently held that a cheque return memo need not carry a bank's seal or signature to establish dishonour under Section 138 of the Negotiable Instruments Act, 1881, particularly where the process is handled through electronic clearing systems. “In view of the electronic clearance, the seal and signature is not mandatory and therefore, seal and signature, official mark etc., on Ex.P.2 cannot be a ground to reject the complaint,” a bench of Justice V Srishananda said. ...

Failure To Exercise Due Diligence By CA Is Professional Misconduct, No Dishonest Intent Needed: Gujarat High Court

The Gujarat High Court has recently held that a Chartered Accountant can be found guilty of professional misconduct solely for failing to exercise due diligence, rejecting the argument that absence of dishonest intent shields an auditor from liability. A Bench of Justices A.S. Supehia and Pranav Trivedi, interpreting the provision in the Chartered Accountants Act that defines professional misconduct (Clause 7 of Part I of the Second Schedule), said, “Thus, a Chartered Accountant in practice...