Tag: One Time Settlement

Divorce Final, But Alimony Increased: Supreme Court Orders Doctor to Pay Engineer-Turned-Lawyer ₹50 Lakhs
Supreme Court

Divorce Final, But Alimony Increased: Supreme Court Orders Doctor to Pay Engineer-Turned-Lawyer ₹50 Lakhs

The Supreme Court enhanced permanent alimony from ₹15 to ₹50 lakhs, balancing the husband's capacity to pay against the wife's qualifications and potential to earn. The ruling underscores that alimony is not merely sustenance but must provide financial security commensurate with the marital standard of living. Facts Of The Case: The case involves an appeal by the wife, M.V. Leelavathi, against a Karnataka High Court order that upheld the dissolution of her marriage to Dr. C.R. Swamy on grounds of cruelty and confirmed a permanent alimony award of ₹15,00,000. The couple married in February 2009 and the marriage remained childless. The husband, a doctor, filed for divorce in 2011 alleging mental cruelty. The wife contested the petition and filed a counterclaim for restitution of conjugal r...
Fraud Case Closed: Supreme Court Rules in Favor of Accused After Bank Settlement
Supreme Court

Fraud Case Closed: Supreme Court Rules in Favor of Accused After Bank Settlement

The Supreme Court quashed criminal proceedings under Sections 120B, 420, 468, and 471 IPC, and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, against the appellants. This decision was based on a comprehensive One Time Settlement with the Bank, full repayment of dues, and dismissal of recovery proceedings. The Court noted that continuing the proceedings would serve no purpose, especially given similar cases against co-accused were also quashed on grounds of settlement Facts Of The Case: N.S. Gnaneshwaran and N.S. Madanlal, accused nos. 3 and 6 respectively, are the appellants in this case. They were facing criminal proceedings in C.C. No. 16 of 2006, arising from FIR No. RC MA1 2005 0020, based on a complaint lodged by respondent no.2 - Bank on April 27, 2...