22 April 2024

Search Results for Tag : fraud

Judgments

Burden of proof to establish that transaction was entered into by pardanashin lady, after clearly understanding its nature, rest upon person who seeks to sustain a transaction(30.04.2018)

In instant case, Defendant No. 1 is the Appellant against a confirming judgment. Plaintiffs-Respondent Nos. 1 and 2 instituted the suit for declaratio.....

Tags : Gift deed, Execution, Fraud

“Profiteering” found in HUDA-private developer transaction(13.05.2016)

An authority acquiring land under the guise of public purpose, but subsequently passing it on to a private builder amounts to acquisition for a privat.....

Tags : Land acquisition, fraud, huda, private use

Cenvat cannot be denied, when records are not held to be untrue or falsified(13.12.2019)

The brief facts of the case are that, the Appellant are engaged in manufacture of Alloy Steel Castings. They were issued show cause notices that, they.....

Tags : Cenvat credit, Fraudulent availment, Legality

Bald allegation of fraud without proof would not render a decree obtained by a party as fraudulent(02.01.2017)

Appellant (represented by his legal representatives) is aggrieved by judgment passed by the High Court of Madhya Pradesh whereby his appeal has been d.....

Tags : Fraud, Allegation, Proof

CMRL’s invocation of Gammon’s guarantee would cause irretrievable injustice(08.09.2015)

The Madras High Court granted an injunction in favour of Gammon, preventing Chennai Metro Rail Limited from invoking its bank guarantee. CMRL’s move s.....

Tags : Fraud, guarantee, metro, injunction

Desperate father misleading British court denied relief(20.05.2016)

A person having obtained a favourable order from a foreign court cannot claim its benefit if the same was obtained by defrauding that court.

.....

Tags : family, high court, united kingdom, fraud, children, welfare

Notifications & Circulars

Measures initiated by RBI to prevent fraudulent use of debit cards(29.11.2016)

Reserve Bank of India (RBI) has informed that number of debit cards outstanding at the end of August 2016 was 71.2 crore. RBI has informed that frauds.....

Tags : Fraudulent use, Debit card, Prevention

CVC analyses 100 top bank frauds - identifies loop holes-suggests systemic improvements(16.10.2018)

Central Vigilance Commission (CVC) has reviewed and analyzed Top 100 Bank Frauds, as on 2017.

Sharing the details Dr. T.M. Bhasin, Vigilan.....

Tags : Bank frauds, Loop holes, Identification

SEBI Issues Advisory Against Fraudulent Trading Schemes claiming to be offered to Indian residents by FPIs(26.02.2024)

The Securities and Exchange Board of India (SEBI) has been receiving a number of complaints regarding fraudulent trading platforms which falsely claim.....

Tags : Advisory, Trading Schemes, Frauds

Caution to public against fraudulent calls / e-mails / messages about refund of money(07.07.2022)

It has come to the notice of the Securities and Exchange Board of India (SEBI) that unscrupulous individuals are trying to cheat public by holding out.....

Tags : Caution, Public, Fraudulent calls

Provisioning pertaining to Fraud Accounts(18.04.2016)

Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust fin.....

Tags : fraud accounts, banks, adjustment, profit and loss

Code of Conduct and institutional mechanism for prevention of fraud or market abuse(03.03.2021)

1. Pursuant to the report of the Committee on Fair Market Conduct ('Committee'), set up inter-alia to recommend appropriate Institutional Mechanism to.....

Tags : Conduct, Institutional mechanism, Prevention, Fraud

Central Fraud Repository comes into operation(21.01.2016)

The Reserve Bank of India notified operation of the Central Fraud Registry from 20 January, 2016. The Registry, first mentioned in the Bank’s

Tags : RBI, Central fraud registry, cell

Information regarding fraud in the name of TRAI(15.11.2023)

1. It has been brought to the notice of Telecom Regulatory Authority of India that some companies / agencies / individuals are fraudulently asking pub.....

Tags : Information, Fraud, Companies

RBI regional offices entrusted UCB fraud monitoring and reporting duties(19.05.2016)

The Reserve Bank of India notified a revised fraud monitoring and reporting mechanism for Primary (Urban) Co-operative Banks.

Under the new.....

Tags : Co-operative bank, fraud, reporting, monitoring

News

Delhi High Court Refuses to Quash Summons in GST Fraud Case(03.03.2022)

Delhi High Court has refused to quash the summons against a person accused of creating numerous fake firms and availing Input Tax Credit (ITC) fraudul.....

Tags : Delhi High Court, Summons in GST Fraud Case

Bombay High Court Directs SEBI to Inquire Role of FTIL in NSEL Payment Fraud(13.08.2015)

Bombay High Court has directed Security and Exchange Board of India(SEBI) to inquire role of Financial Technologies India Limited(FTIL) in Rs. 5574 cr.....

Tags : Bombay High Court,Security and Exchange Board of India,FTIL,NSEL Payment Fraud

Delhi HC Grants Interim Protection From Arrest to SpiceJet Promoter Ajay Singh in Fraud Case(08.04.2022)

Delhi High Court has granted interim protection from arrest to Ajay Singh, SpiceJet Promoter in an alleged fraud case with regard to transfer of airli.....

Tags : Delhi High Court, interim protection, arrest, Ajay Singh, SpiceJet Promoter, fraud

Delhi HC Orders Background Check of 21-Year-Old Student’s 68-Year-Old Foreign National ‘Wife’(26.10.2015)

Delhi HC on a plea filed by 21 year old man who is having 68-year-old foreigner “wife”,to allow extention of her visa in India, has found age differen.....

Tags : Delhi HC, green card fraud, human trafficking

SC Dismisses SFIO Plea to Cancel Bail of Nowhera Shaikh in Heera Exim Gold Scam Case(13.05.2022)

Supreme Court has dismissed the application filed by Serious Fraud Investigation Office (SFIO) seeking cancellation of bail granted to Nowhera Shaikh,.....

Tags : Supreme Court, Serious Fraud Investigation Office, Nowhera Shaikh, Heera Gold Exim Private Limited

CIC Issues Summon to Secretary to L-G over RTI on Tax Fraud(22.09.2015)

Central Information Commission (CIC) while taking serious view of how an RTI application was handled by Lieutenant Governor secretariat, Information C.....

Tags : Central Information Commission,RTI on Tax Fraud

Kerala High Court Pulls Up Trial Court for Not Posting Total 4U Financial Fraud Case Promptly(23.12.2015)

Kerala High Court has observed that there was mistake on part of the trial court in not posting Total 4U financial fraud case promptly and directed Th.....

Tags : Kerala High Court , Total 4U Financial Fraud Case

Madras HC to Police: Register Case for Fraudulent Appointment in Panchayat Office(28.07.2022)

Madras High Court has directed the jurisdictional police to register a criminal case and proceed according to the law in the matter pertaining to frau.....

Tags : Madras High Court, Police, Fraudulent Appointment, Panchayat

SC: Alleging Fraud & Collusion Between Counsel After Many Years Doesn’t Renders Decree Invalid(24.03.2017)

Supreme Court has observed that allegation of fraud and collusion between counsel for opposite parties, after many years, ipso facto does not render d.....

Tags : Supreme Court, Fraud, Collusion, Decree

Bombay HC Stays ED’s Order to Freeze All Demat A/Cs of Accused in NSEL Fraud(24.01.2017)

Bombay High Court has stayed an order passed by Enforcement Directorate (ED) freezing all demat accounts and investments of Jignesh Shah-promoted comp.....

Tags : Bombay High Court, NSEL Fraud, 63 Moons Technologies Limited

NCDRC: Bank Liable for Fraudulent Online Transaction if Account Holder's Fault Not Proved(11.01.2021)

National Consumer Disputes Redressal Commission (NCDRC) has held that in case of fraudulent transactions leading to withdraw of money from a person's .....

Tags : National Consumer Disputes Redressal Commission, Fraudulent Online Banking Transaction

CRIMINAL - Madras HC Sets Free HIV+ Man Convicted for Fraud(05.03.2019)

Madras High Court has granted liberty to a man who was convicted and sentenced to one month of imprisonment for swindling public money from a co-opera.....

Tags : Madras High Court, HIV+ Man Convicted for Fraud

Supreme Court: Basis that Allegations of Fraud are not Arbitrable is a Wholly Archaic View(13.01.2021)

Supreme Court has ruled that the ground that allegations of fraud are not arbitrable is a wholly archaic view, which has become obsolete, and deserves.....

Tags : Supreme Court, Fraud, Arbitrable

Kar HC: Shareholder Can't Itself Initiate Proceeding Before Magistrate for Fraud Under Companies Act(27.10.2022)

Karnataka High Court has held that a shareholder, minority or otherwise, cannot initiate proceedings before the Magistrate by himself or herself for a.....

Tags : Karnataka High Court, Shareholder, Fraud

COMPANY - SC: Companies Act Does Not Stipulate Any Fixed Period for Completion of Serious Fraud Investigation(28.03.2019)

SC while holding that there is no stipulation of any fixed period for completion of a Serious Fraud investigation observed that stipulation in Section.....

Tags : Supreme Court, Section 212(3) of the Companies Act, 2013, Serious Fraud investigation

Bombay HC Orders Release of Ex- ICICI Bank CEO Chanda Kochhar in Loan Fraud Case(09.01.2023)

Bombay High Court has ordered the release of former ICICI bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in a petition alleging illegal.....

Tags : Bombay High Court, Chanda Kochhar, Illegal Arrest, Loan Fraud Case

J&K&L HC: Enquiry Before Termination Not Necessary if Appointment Obtained Fraudulently(06.12.2022)

Jammu and Kashmir and Ladakh High Court has held that if an appointment is non-est in the eyes of law or is based upon forgery and fraud, it is not ne.....

Tags : Jammu and Kashmir and Ladakh High Court, Termination, Fraudulently

Cal. HC: Civil Court has Jurisdiction to Determine Title of Fraudulently Issued Shares(07.12.2022)

Calcutta High Court has held that under the Companies Act, 2013, Civil Courts have jurisdiction to enquire into allegations of fraud pertaining to the.....

Tags : Calcutta High Court, Civil Courts, Shared, Title, Fraud

RBI Amends Norms on Bank Frauds(19.04.2016)

Reserve Bank of India (RBI), while amending disclosure norms, has asked banks to disclose fraud cases and make provisions for them not exceeding four .....

Tags : Reserve Bank of India, Bank Frauds

SC: Before Classifying A/Cs as Fraud, Banks Must Give Borrowers Opportunity of Hearing(27.03.2023)

Supreme Court has held that principles of audi alteram partem, howsoever short, have to be applied before declaring a party as 'a fraudulent borrower'.....

Tags : Supreme Court, Audi Alteram Partem, Fraud, Bank

RBI Limits Consumer Liability In Cases Of Online Fraud(13.07.2017)

RBI has mandated Banks to urge their customers to mandatorily register for SMS alerts, and, wherever available, to register for e-mail alerts, for ele.....

Tags : RBI, Online Fraud

Delhi HC Seeks Status Report to Investigate into Alleged Digital Fraud by Facebook(02.04.2021)

Delhi High Court has sought Delhi Police Cyber Cell's status report in a plea pertaining to alleged click fraud and other digital criminal frauds hatc.....

Tags : Delhi High Court, Alleged Digital Fraud by Facebook

Delhi HC Upholds Extradition of NRI to United States in Bank Fraud Conspiracy Case(10.08.2017)

Delhi High Court has upheld order of extradition of an NRI to United States in a case alleging bank fraud conspiracy.

Tags : Delhi High Court, Bank Fraud Conspiracy

RBI Operationalise CFR(22.01.2016)

Reserve Bank of India (RBI), in order to minimize frauds, has operationalised a Central Fraud Registry (CFR) with effect from January 20.

Tags : Reserve Bank of India, Central Fraud Registry

Supreme Court Declines to Interfere with High Court Order in Rs 7,200 Crore Satyam Fraud Case(15.10.2019)

Supreme Court has refused to interfere with the Hyderabad High Court’s order that set aside an Enforcement Directorate order provisionally attaching .....

Tags : Supreme Court, Satyam Fraud

Cal. HC to Centre: Probe Fraud Committed by Railways to Obtain Favorable Award(09.08.2023)

Calcutta High Court while unconditionally stayed an arbitral award granted in favour of South Eastern Railways on ground of fraud perpetrated by collu.....

Tags : Calcutta High Court, Arbitral Award, Collusion, Fraud

SEBI Slaps Rs 19 Lakh Fine on 2 Entities for Executing Fraudulent Trading(17.09.2019)

SEBI has imposed a total fine of over Rs 19 lakh on two entities for executing fraudulent trade in the illiquid stock option segment on the BSE. The e.....

Tags : SEBI, Fraudulent Trading

Allahabad HC Directs Govt to Take Appropriate Steps to Stop Fraudulent Recovery of Late Fees(20.10.2021)

Allahabad High Court has directed the Uttar Pradesh Government to take appropriate steps to stop the fraudulent practice being adopted by the colleges.....

Tags : Allahabad High Court, Fraudulent Recovery of Late Fees

SEBI Levies Two-Year Ban on Individual for Fraudulent Trading(17.10.2019)

Securities and Exchange Board of India has barred an individual for two years from the capital markets for indulging in fraudulent trade practices, wh.....

Tags : SEBI, Fraudulent Trading

Delhi Court Denies Bail to Avantha Group Promoter Gautam Thapar in Yes Bank Loan Fraud Case(01.11.2021)

Delhi Court has rejected the bail application filed by Avantha Group Promoter Gautam Thapar in connection with the Yes Bank loan fraud case.

Tags : Delhi Court, Yes Bank Loan Fraud Case

NCLT Prohibits Nirav Modi, Mehul Choksi And 62 Others From Selling Their Assets(06.03.2018)

Mumbai Bench of the National Company Law Tribunal (NCLT) has restrained Nirav Modi, Mehul Choksi and 62 others associated with the two diamond dealers.....

Tags : PNB Fraud, Nirav Modi

Delhi HC Directs SIT to Complete Investigation in Plea Seeking Inquiry into Banking Fraud(18.03.2020)

Delhi High Court has directed the Special Investigation Team to conclude investigation into banking frauds as expeditiously as possible and in all cir.....

Tags : Delhi High Court, Banking Fraud Cases

Patna HC: Telecom Companies Violating TRAI Guidelines By Not Lodging FIRs in Cyber Frauds(13.01.2022)

Patna High Court has observed that the Telecom companies are violating the guidelines of the Telecom Regulatory Authority of India (TRAI) by not regis.....

Tags : Patna High Court, Lodging FIRs in Cyber Frauds

Del. HC: SFIO Not Barred from Investigating Offence Under IPC(26.12.2023)

Delhi High Court has held that a conjoint reading of Sections 4(1) & 154 of CrPC and Sections 212 & 219 of Companies Act, 2013, it cannot be said that.....

Tags : Delhi High Court, Serious Fraud Investigation Office, CrPC, Companies Act

SC: Appointment Secured on Basis of Fraudulent Caste Certificate is Void Ab Initio(16.03.2020)

Supreme Court has observed that an appointment secured based on a fraudulent caste certificate is void ab initio and Government Resolutions and Circul.....

Tags : Supreme Court, Fraudulent Caste Certificate

Securities and Exchange Board of India Fines Jindal Cotex Officials for GDR Fraud(24.01.2020)

Securities and Exchange Board of India has slapped a fine of Rs. 10.7 Crores on Jindal Cotex and its three officials in a matter related to manipulati.....

Tags : Securities and Exchange Board of India, Jindal Cotex, GDR Fraud

Securities and Exchange Board of India Fines 21 Entities for Fraudulent Trading(28.01.2020)

Securities and Exchange Board of India has slapped a total fine of Rs 1.89 Crores on 21 entities for executing fraudulent trading in Sarang Chemicals .....

Tags : Securities and Exchange Board of India, Fraudulent Trading

Bombay HC Imposes 50,000 Fine on CBI For Arrest of Woman After Sunset(21.05.2018)

Bombay High Court has slapped a fine of Rs. 50,000 on the Central Bureau of Investigation (CBI) for an illegal arrest made by its officer in the PNB f.....

Tags : Bombay High Court, PNB fraud

SEBI Imposes a Penalty of Rs 5 Crore on Mehul Chokshi in PNB Fraud(28.02.2020)

Securities and Exchange Board of India has slapped a penalty of Rs. 5 Crore on Gitanjali Gems Ltd. and its promoter, Mehul Chokshi for non- disclosure.....

Tags : Securities and Exchange Board of India, Mehul Chokshi, PNB Fraud

Securities and Exchange Board of India Fines Nine Firms Over Fraudulent Trading in Turbotech(19.02.2020)

Securities and Exchange Board of India has imposed a total fine of Rs. 59 Lakhs on nine firms for indulging in fraudulent trading in the scrip of Turb.....

Tags : Securities and Exchange Board of India, Fraudulent Trading in Turbotech

Allahabad High Court Enquires on Number of People Getting Pensions Fraudulently(27.12.2021)

Allahabad High Court has asked the State of Uttar Pradesh to specify as to how many persons are getting pensions fraudulently by showing themselves to.....

Tags : Allahabad High Court, Fraudulent Pensions

NCLAT Upholds MCA's Move to Freeze Assets of Independent Directors in PNB Fraud Case(13.07.2018)

National Company Law Appellate Tribunal (NCLAT) has upheld Ministry of Corporate Affairs' plea to freeze assets of independent directors of companies .....

Tags : NCLT, PNB Fraud Case

Allahabad HC: Appointment in Public Services Secured Through Fraudulent Concealment Void Ab Initio(24.02.2022)

Allahabad High Court has held that when employment in a public service is obtained by playing fraud, the long continuation in such service would be im.....

Tags : Allahabad High Court, Fraudulent Concealment

International Cases

Fraudulent claims rule does not defeat a claim wholly good in law, even if a lie is told in support of it(20.07.2016)

Duty of utmost good faith applied not only in making of contract but in course of its performance. In facts of present case, insurance claim was relat.....

Tags : Fraudulent claims rule, Applicability, Insurer’s Liability

A trustee is entitled to the benefit of the lapse of time when, although he had done something legally or technically wrong, he had done nothing morally wrong or dishonest(28.02.2018)

Present appeal raises a well-formulated issue as to the construction of Section 21 of the Limitation Act 1980, and a rather more diffuse question as t.....

Tags : Fraud, Summary judgment, Suitability

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