The court set aside conviction after finding inconsistencies in witness statements and absence of corroborative evidence. It held that the prosecution failed to prove the case beyond reasonable doubt.
The SC held that imposing an additional bank guarantee was excessive when a ₹1 crore bond with sureties was already furnished. It overturned the HC view, emphasizing that bail conditions must remain reasonable and not financially oppressive.
The Supreme Court stayed the High Court’s conviction order and life sentence, noting ongoing legal proceedings. The ruling ensures interim protection while the matter is examined further.
The case examines whether revision under Section 263 was validly exercised. The Supreme Court upheld the High Court ruling that lack of independent application of mind invalidated the revision, reinforcing limits on PCIT powers.
The case involved long-pending criminal proceedings where co-accused were acquitted due to lack of evidence. The Supreme Court indicated that excessive delay alone may justify quashing and stayed further trial proceedings.
Observations regarding inconsistencies and possible backdating of documents led the Court to closely examine the claim. The case reflects interplay between arbitration findings and insolvency proceedings.
The Court examined whether successive review petitions were maintainable. It held that without new evidence or error apparent, a second review is impermissible and restored the original judgment.
The Court examined whether review jurisdiction permits re-evaluation of evidence. It held that such reappreciation is impermissible and restored the original writ judgment.
The Court examined whether review powers were properly exercised. It held that the High Court exceeded its jurisdiction by re-evaluating evidence, restoring the original findings.
Supreme Court held that post repeal of SICA and non-invocation of IBC, Gannon Dunkerley & Co. Ltd. (GDCL) didn’t possess ownership rights to sell assets of Jaipur Udyog Ltd (JUL). Further, Court directed to verify and make payment of long-standing dues of workers of JUL.
