Professional Misconduct – Complaint Locus – Petitioner challenges the complaint filed by the judgment debtor alleging professional misconduct – The Court held that the complainant, being the judgment debtor and not the petitioner’s client, lacked the locus to file the complaint – Section 35 of the Advocates Act mandates that complaints of professional misconduct must ...
Partition Suit – Will and Estoppel – Appeal Dismissed – The appellant (plaintiff) filed a suit seeking partition of the family property, contending that her brothers constructed buildings on the property without her consent – The Trial Court dismissed the suit, holding that the plaintiff had no share in the property as her father had executed a Will in 1997 bequeathing the ...
SARFAESI Act – Bar under Section 34 – Fraud Allegations and Collusion – Suit Maintainable – The petitioner, a shareholder and director, alleged fraud and collusion between respondent-bank and other directors regarding the sanctioning of a loan without board authorization – The trial court and appellate court rejected the suit under Order VII Rule 11, citing the bar un...
Income Tax – Bogus Purchases – Disallowance of 10% – The appellant challenged the disallowance of 10% of purchases deemed bogus by the ITAT, despite the acceptance of sales as genuine by the Revenue – Held: The ITAT found no cogent or convincing evidence to support the Revenue's allegation that all purchases were bogus – The ITAT, however, upheld the CIT-A's d...
Income Tax – Draft Assessment Order – CBDT Circular No. 549/1989 – The petitioner challenged the reliance on the Circular by the AO, arguing it was outdated and inapplicable under the amended Section 143(3) of the Income Tax Act as applicable for AY 2005-06 to AY 2008-09. The Court noted the changes in the statutory provisions that allow refunds post-assessment and held that the ...
Fraud Classification – RBI Master Circular – Natural Justice – The petitioner company sought to quash PNB's action of declaring its account as 'fraud' without prior notice or hearing – The court held that the declaration of the petitioner's account as fraud, without following the principles of natural justice, violated RBI guidelines – Held: The petiti...
Competition Law – Penalty – Levy of Interest – Petitioners challenged CCI’s order to deposit interest on penalty amount for delayed payment without following due procedure under 2011 Regulations – High Court held that interest can be levied only if demand notice as per 2011 Regulations is served first – Demand notice mandatory for levying interest on penalty &nd...
Writ Petition – Maintainability – Internal Disputes Between Private Clubs – Article 226 Not Applicable - The petitioner challenged the order passed by the Ethics Officer and Ombudsman of the HCA, asserting that the dispute involved inter se issues between private clubs. The Court held that writ petitions under Article 226 are not maintainable for disputes concerning private clubs...
Maintainability of Writ Petition – Supervisory Role of RBI Over NBFCs – The petitioner, holding significant investments in Exclusive Capital Limited, an NBFC, sought RBI intervention alleging mismanagement, fund siphoning, and regulatory violations – Held: RBI’s role as regulator, under Chapter IIIB, involves oversight of NBFCs from inception to liquidation, authorizing jud...
Service Law - Confidential Reports (CRs) – Standard for Judicial Review – Assessment Validity – The petitioner, an Army Brigadier, challenged adverse CRs that impacted his nomination for the National Defence College (NDC) and promotion to Major General – Held: Judicial review of CRs is permissible where objectivity or procedural fairness is compromised; the Tribunal's f...