The Karnataka High Court ruled that prosecution under Section 138 of the Negotiable Instruments Act cannot continue against a former director when a cheque was issued after the company’s dissolution. The Court held that a dissolved company lacks legal existence, making such cheques legally unenforceable.
The Mumbai Bench of the NCLT admitted SBI’s application seeking personal insolvency proceedings against Reliance Group Chairman Anil Ambani. The Tribunal appointed a Resolution Professional and directed issuance of a public notice inviting creditor claims, marking a major development in the insolvency process.
A Singapore court sentenced Byju’s founder Byju Raveendran to six months’ imprisonment for contempt over alleged non-compliance with disclosure orders, while directing payment of legal costs and ownership documents, though Raveendran denied wrongdoing, described the ruling as procedural and announced plans to appeal against it.
The Bombay High Court dismissed actor Nawazuddin Siddiqui’s Rs 100 crore defamation suit against his brother Shamsuddin and his wife after the actor and his lawyer were absent during the hearing. Lawyers for Shamsuddin said the case was “baseless” and aimed to pressure their client over financial disputes.
On Wednesday(13th March),Triloki Rajbhar received a 10-year prison sentence and a Rs 2,000 fine for killing his father due to a financial dispute. The district court’s decision reflects the severity of the crime. Triloki brutally assaulted his father over money matters, leading to fatal injuries. This case underscores the legal system’s stance on violent family conflicts.
