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Courts cannot compel banks to accept One Time Settlement

Courts cannot compel banks to accept One Time Settlement

In conclusion, the court upheld the bank's decision to reject the OTS proposal, affirming that the powers of judicial review under Article 226 cannot be exercised to compel banks against their commercial discretion. The petition was dismissed, allowing the bank to proceed with recovery actions under the SARFAESI Act and the Insolvency and Bankruptcy Code, 2016.

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Bank account frozen without granting an opportunity of hearing is deemed illegal

Bank account frozen without granting an opportunity of hearing is deemed illegal

Advocate Raghav Shrivastava, representing the State, acknowl...

Failure to file affairs of Company under section 454 : Prosecution must prove that it was wilful

Failure to file affairs of Company under section 454 : Prosecution must prove that it was wilful

The decision has significant implications for how compliance...

Supreme Court

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Pendency of 8,82,578 execution petitions is alarming - Directions issued

Pendency of 8,82,578 execution petitions is alarming - Directions issued

The Supreme Court's intervention reflects its commitment to ensuring that justice is not only served but also timely executed, maintaining the integri...

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Transgenders -  Discrimination by private establishments violate fundamental rights

Transgenders - Discrimination by private establishments violate fundamental rights

This ruling marks a pivotal moment in the protection of tran...

Grounds of arrest at the time of apprehension must be in writing : No verbal explanations

Grounds of arrest at the time of apprehension must be in writing : No verbal explanations

The Supreme Court's decision allows for the possibility of s...

Supreme Court Initiates Pan-India Probe into Digital Arrest Scam

Supreme Court Initiates Pan-India Probe into Digital Arrest Scam

The judgment highlights the urgent need for stern action on ...

High Courts

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Courts cannot compel banks to accept One Time Settlement

Courts cannot compel banks to accept One Time Settlement

In conclusion, the court upheld the bank's decision to reject the OTS proposal, affirming that the powers of judicial review under Article 226 cannot ...

Read More
Bank account frozen without granting an opportunity of hearing is deemed illegal

Bank account frozen without granting an opportunity of hearing is deemed illegal

Advocate Raghav Shrivastava, representing the State, acknowl...

Failure to file affairs of Company under section 454 : Prosecution must prove that it was wilful

Failure to file affairs of Company under section 454 : Prosecution must prove that it was wilful

The decision has significant implications for how compliance...

Articles

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Interplay Of Amended/Repealed Provisions Of The Motor Vehicles Act In Context Of Stare Decisis/Repeal/Prohibition

Interplay Of Amended/Repealed Provisions Of The Motor Vehicles Act In Context Of Stare Decisis/Repeal/Prohibition

To conclude, it would be fitting to re-call what Justice Frankfurter said in US v. International Boxing Club, "The Doctrine of precedent is not an 'im...

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FIR - A Saving Grace For Limitation Under The Motor Vehicles Amendment Act, 2019?

FIR - A Saving Grace For Limitation Under The Motor Vehicles Amendment Act, 2019?

Therefore, an FIR filed in respect of an accident cannot be ...

The Narcotic Drugs And Psychotropic Substances Act (Current Situation And Suggestion)

The Narcotic Drugs And Psychotropic Substances Act (Current Situation And Suggestion)

• The last 27 years have seen rapid growth in the combat aga...

Enviromental Laws

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Futala Lake, Nagpur does not qualify as a "wetland" : its man-made.

Futala Lake, Nagpur does not qualify as a "wetland" : its man-made.

In conclusion, the Supreme Court dismissed the appeal, affirming the High Court's directions to protect Futala Lake's ecological integrity while allow...

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National Green Tribunal Orders Demolition of Unauthorized Coastal Structures in Goa

National Green Tribunal Orders Demolition of Unauthorized Coastal Structures in Goa

The Tribunal's judgment serves as a critical reminder of the...

Consumer Law

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Health Insurance : Insurer cannot deny claims based on ambiguous or trivial grounds

Health Insurance : Insurer cannot deny claims based on ambiguous or trivial grounds

The judgment underscored the importance of insurers fulfilling their duty to disclose all material aspects of coverage clearly to policyholders. The c...

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Brother Has Right to File Consumer Complaint for Deceased Sibling

Brother Has Right to File Consumer Complaint for Deceased Sibling

The judgment has been hailed as a victory for consumer right...

Taxation Law

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Disclosure of GST returns is prohibited :  GST Act overrides RTI Act

Disclosure of GST returns is prohibited : GST Act overrides RTI Act

The judgment referenced the Supreme Court's decision in "Central Public Information Officer, Supreme Court of India v. Subhash Chandra Agarwal," reite...

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Customs official cannot arbitrarily disregard statutory orders of customs clearance

Customs official cannot arbitrarily disregard statutory orders of customs clearance

The judgment emphasized the rule of law, asserting that stat...

Excel sheet containing parallel invoices in email are admissible in evidence

Excel sheet containing parallel invoices in email are admissible in evidence

Ultimately, the tribunal concluded that the penalties were p...

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