The Delhi High Court on Thursday reserved its judgment in a cheque bounce case filed by M/s Murli Projects Private Limited against actor Rajpal Yadav, after sharp exchanges during the hearing over delayed payments and inconsistent submissions.

In May 2024, a sessions court had convicted Yadav and sentenced him to six months’ imprisonment. The High Court later suspended the sentence after assurances of settlement and referred the dispute to mediation.

In a significant ruling on borrowers’ rights under the SARFAESI Act, the Supreme Court refused to interfere with a High Court judgment that had set aside an auction sale of mortgaged properties even after issuance of a sale certificate. The Court emphasized that repayment of dues and procedural fairness cannot be overlooked in recovery proceedings.

Auction purchasers deposited 25% of the bid amount. However, confirmation of the sale was repeatedly delayed due to ongoing litigation before the Debts Recovery Tribunal (DRT), Debts Recovery Appellate Tribunal (DRAT), and the High Court.

At the Srinagar wing of the Jammu & Kashmir and Ladakh High Court, a bench comprising Justice Sanjeev Kumar and Justice Sanjay Parihar on Thursday dismissed an appeal filed by National Insurance Company Limited. The insurer was seeking to overturn a compensation award granted to a family whose home was damaged during the devastating 2014 floods.

The case originates from a policy taken by late Shad Mohd Bashir, whose residential house at Sarai Payeen, Amira Kadal, Srinagar, had been insured since 2009. Though the policy was renewed annually, the company later claimed that it excluded flood and similar storm-related risks - referred to in technical jargon as “STFI” (Storm, Tempest, Flood, Inundation).