Misappropriation of funds Archives

‘Such offences destroy public confidence in financial system’; Delhi HC denies bail to DHFL promoter Kapil Wadhawan in Rs 34,926 Crores bank fraud case

These acts which are alleged against Kapil Wadhawan, if proven, are not merely violations of penal statutes, but subvert the very integrity of financial institutions and investor confidence. Such economic offences are not private disputes, but public wrongs that corrode the nation’s economic fabric.

Case Briefs High Courts

Chhattisgarh HC upholds order releasing Retired Municipal Officer’s gratuity withheld sans inquiry on allegation of misappropriating ₹ 10 Lakhs

The Court noted that admittedly, before the respondent’s retirement, neither any departmental inquiry was initiated against him nor was any show cause notice issued to him.

Cases Reported Never Reported Judgments

NRJ Series | When SC held that in absence of proof, deceased mutawalli’s estate cannot be held responsible for sums misappropriated by him

This report covers the Supreme Court’s Never Reported Judgment, on misappropriation of funds by mutawalli, dating back to the year 1954.

Case Briefs High Courts

‘Principal Auditor General shall decide Audit Objections expeditiously’; Gauhati HC disposes of PIL against officials allegedly involved in misappropriation of funds under Assam Sarba Siksha Abhiyan Mission

Out of the 43 Audit Objections, 23 Audit Objections have already been dropped after getting satisfactory clarification/reply from the authority concerned and the rest are soon to be dealt with.

Case Briefs High Courts

Madras HC requests CBI to investigate against Pondicherry University professor and others for misappropriation of funds

The Finance Section of Pondichery University had found that from 2008 to 2016 a Professor had misappropriated the funds financed by the Government of India using fake and forged bills causing a wrongful loss to the Government of India to the tune of Rs.2.25 Crores.

Case Briefs High Courts

Calcutta High Court dismisses PIL alleging misappropriation of funds by Kharagpur Panchayat Samity’s Executive Officer

Calcutta High Court observed that at this stage, the Court we cannot examine the disputed questions and directed the District Magistrate to provide an appropriate reply to the petitioner.

Case Briefs District Court

“Prosecution has miserably failed to prove ‘misappropriation’ by the accused”; Saket Court acquits accused in economic offences case

In a case pertaining to Criminal breach of trust, cheating, forgery, and falsification of accounts, the Saket District Court acquits the accused, as the prosecution failed to establish the ingredients of the offences beyond reasonable doubt.

Case Briefs Supreme Court

Irregular Disciplinary Enquiry: Court cannot reinstate employee as such; Matter must be remanded to Enquiry Officer/Disciplinary Authority

Supreme Court: In a disciplinary proceeding where it was established that there was a breach of principles of natural justice as the

Case Briefs Supreme Court

Bank Employees misappropriate funds. Confession by one leads to mild penalty; No evidence against another leads to dismissal! SC directs reinstatement

Supreme Court: In a case where a bank employee was dismissed from services despite lack of evidence, the bench of KM Joseph

Case Briefs High Courts

When can decree on admission be passed? Madras HC explains how general admission of facts v. admission of claim, makes difference

Madras High Court: Dr G. Jayachandran, J., refused to pass a decree in favour of the plaintiff who relied on general admission

Case Briefs Supreme Court

Bank manager disburses loans without following the due procedure. Is compulsory retirement in such case a disproportionate punishment? Read what SC says

“If an officer/employee of the bank is allowed to act beyond his authority, the discipline of the bank will disappear.”

Case Briefs High Courts

SCC Times

Misappropriation of funds

‘Such offences destroy public confidence in financial system’; Delhi HC denies bail to DHFL promoter Kapil Wadhawan in Rs 34,926 Crores bank fraud case

Chhattisgarh HC upholds order releasing Retired Municipal Officer’s gratuity withheld sans inquiry on allegation of misappropriating ₹ 10 Lakhs

NRJ Series | When SC held that in absence of proof, deceased mutawalli’s estate cannot be held responsible for sums misappropriated by him

‘Principal Auditor General shall decide Audit Objections expeditiously’; Gauhati HC disposes of PIL against officials allegedly involved in misappropriation of funds under Assam Sarba Siksha Abhiyan Mission

Madras HC requests CBI to investigate against Pondicherry University professor and others for misappropriation of funds

Calcutta High Court dismisses PIL alleging misappropriation of funds by Kharagpur Panchayat Samity’s Executive Officer

“Prosecution has miserably failed to prove ‘misappropriation’ by the accused”; Saket Court acquits accused in economic offences case

Irregular Disciplinary Enquiry: Court cannot reinstate employee as such; Matter must be remanded to Enquiry Officer/Disciplinary Authority

Bank Employees misappropriate funds. Confession by one leads to mild penalty; No evidence against another leads to dismissal! SC directs reinstatement

When can decree on admission be passed? Madras HC explains how general admission of facts v. admission of claim, makes difference

Bank manager disburses loans without following the due procedure. Is compulsory retirement in such case a disproportionate punishment? Read what SC says

Installation of pipeline is of no use if the residents are deprived of drinking water: Uttaranchal HC

Section 4(6) of Payment of Gratuity Act does not contemplate conviction as a condition precedent for forfeiting gratuity

CBI and State Government directed to check misappropriation of funds and mal-practices under MGNREGA