Corporate Law Judgements

In deciding cases pertaining to insider trading, the actual gain or loss is immaterial, but the motive for making a gain is essential.

The Corporate Insolvency Resolution Process("CIRP") can be initiated against the corporate debtor without proceeding against the principal borrower.

In case of renewal without break in the period, the Mediclaim insurance policy will be renewed without excluding any disease already covered under the existing policy which may have been contracted during the period of the expiring policy. Renewal of

Arbitration Agreement is with a Proprietorship concern "Yasikan Enterprise" and arbitration invoked by "Yasikan Enterprise Pvt Ltd" a company of the proprietor is not legal and tenable.

Borrower has appealed Order under SARFASEI ACT before DRAT and has deposited 50% of the contended sum. The appeal was further withdrawn by the borrower and appealed for refund of deposit amount. The Bank contended it cannot be refunded.

The gratuity of an employee whose services are being considered to be terminated on the accountability of an act of wilful omission/negligence causing any damage or loss to, or destruction of, property belonging to the employer shall be forfeited to

This appeal is filed challenging the judgement and award passed in MVC No.3020/2007 dated 05.02.2011 on the file of II Additional District and Sessions Judge and Additional MACT, Belagavi, questioning the liability and quantum of compensation.

High Court of Punjab and Haryana held that -If vehicle is registered in India, insurance Company is liable to pay compensation without any extra premium for extraterritorial coverage.

No Offence for dishonor of cheque under provisions of Section 138 of the NI Act, 1881 is made out if the cheque is presented for full amount without endorsing the part payment made by the borrower after issuance of the cheque.

Held that - Any payment by a closely held company by way of advance or loan to a concern in which a substantial shareholder is a member holding a substantial interest is deemed to be "dividend" on the presumption that the loans or advances would ulti