GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The challenge in the instant Appeal is to the computation of compensation, arrived at by the Learned Motor Accidents Claims Tribunal, Gangtok, Sikkim (hereinafter, the "MACT"), in MACT Case No.11 of 2024 (Nikhil Subba and Others vs. The Branch Manager, ICICI Lombard General Insurance Company and Others), vide Judgment dated 26-12-2024. 2. Learned Counsel for the Appellants put forth the contention ...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. On a Petition filed by the Respondents No.1, 2 and 3 herein, under Section 166 of the Motor Vehicles Act, 1988, before the Learned Motor Accidents Claims Tribunal, Gangtok, Sikkim (hereinafter, the "MACT"), as Claimants, seeking compensation of Rs. 4,41,47,970/- (Rupees four crores, forty one lakhs, forty seven thousand, nine hundred and seventy) only, on account of the death of their brother, in a m...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The prayers in the instant Writ Petition are as follows; ".......................... Rule calling upon the Respondents to show cause as to why; (a) A writ in the nature of Mandamus shall not be issued directing the respondent authorities to allow the petitioner's employee/workers to enter the leasehold premises and operate the telecommunication tower. (b) In the alternative a writ in the nature ...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: [1] The Petitioner, Vikash hails from a village in Sonbhadra (Uttar Pradesh), and he is a matriculant. His family appears to be engaged in a small farm in his native village. Like any village youth, he was quite ambitious to enter public service. He applied for the post of Constable (Washerman) in the service of Sashastra Seema Bal (SSB), an armed force of the Union Government. This application was in t...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. Heard Learned Counsel for the parties. 2. The allegation in the FIR bearing No.03/2020, dated 03- 01-2020, against the Petitioner is that an advance of Rs. 1,77,00,000/- (Rupees one crore and seventy seven lakhs) only, was made to the Petitioner's firm by the Sikkim State Co-operative Supply and Marketing Federation Limited (hereinafter, the "SIMFED"), for supply of computer sets to various school ...
GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The present writ petition has been filed seeking a direction to the District Magistrate, Soreng District to dispose of the petitioner's application dated 29.08.2023 filed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. The learned counsel for the petitioner draws the attention of this Court to the said a...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/393 DCM (CC) No. G-3/03.06.001/2026-27 April 01, 2026 The Chairman / Managing Director / Chief Executive Officer All banks Madam / Dear Sir, Master Direction on Incentives for Currency Distribution and Exchange and Penalties / Penal Provisions for Bank Branches and Currency Chests for Deficiency in Rendering Customer Service and Reporting of Transactions / Balances In terms of the Preamble...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / Sir, Overseas Investment - Submission of References to the Reserve Bank As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It ha...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026 Attention of Authorised Persons is invited to Foreign Exchange Management (Guarantees) Regulations, 2026 [FEMA 8 (R)] and Master Direction - Reporting under Foreign Exchang...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/01 DOR.AML.REC.1/14.06.001/2026-27 April 01, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates...