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Tuesday, December 24, 2024 | 07:40 PM ISTEN Hindi

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Pollution penalty to BMW injunction, here're the top court orders

The Karnataka High Court has quashed the demand notices issued to 13 manufacturing companies around Bangaluru, alleging violation of environmental laws

JUDGE, JUSTICE, GAVEL
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The demands for “environmental compensation charges” were set aside on the ground that they were issued without referring to any statutory provisions or any binding order

MJ Antony
Finance corporation told to return assets

The Gauhati High Court has directed the North Eastern Development Finance Corporation to restore possession of all immovable properties to Doulo Builders as the securitisation (SARFAESI) Act was wrongly applied to recover unpaid loans. The builders had taken two loans from the corporation to build cold storage in Dimapur. The loan was taken by mortgaging assets to the Model Village Council, which stood as surety. The loan became a non-performing asset. The corporation invoked the SARFAESI Act and the property of the builders was taken over. This was challenged by the builders on the ground

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