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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Supreme Court Allows Appeal: Stranger to Compromise Decree Can Challenge It by Separate Suit — Order 23 Rule 3A CPC Does Not Bar Such Suit

The appeal arose from a suit filed by the appellant, Triloki Nath Singh, seeking a declaration that a compromise decree dated 15 September 1994 passed...

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Bombay High Court Allows Drivers' Petition for Time Bound Promotion Scheme Benefits. Government Resolution dated 17.5.2003 Quashed as Discriminatory Against Drivers in Zilla Parishads.

The petitioners, four drivers employed by Zilla Parishads in Gadchiroli, Amravati, and Chandrapur, filed a writ petition seeking quashing of Governmen...

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Bombay High Court Allows Adoption Agency to Continue Operations Pending Renewal of License — Best Interest of Child Paramount. Licensing Authority Cannot Refuse Renewal Based on Pending Criminal Proceedings Without Giving Opportunity of Hearing.

The petitioner, Snehalaya's Snehankur Adoption Centre, a licensed adoption agency, filed two writ petitions challenging the refusal of the Child Welfa...

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High Court of Bombay Dismisses Insurance Company's Appeal in Motor Accident Claim — Compensation Awarded to Family of Deceased Engineering Student Upheld. Tribunal's Assessment of Notional Income at Rs. 3,000 per Month and Multiplier of 18 Found Just and Proper Under Motor Vehicles Act, 1988.

The present appeal was filed by the Oriental Insurance Co. Ltd. against the judgment and award dated 12/02/2007 passed by the Motor Accident Claims Tr...

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Bombay High Court Dismisses Appeal of Competing Kerosene Dealer for Lack of Locus Standi. Mere Competitor Not a Person Aggrieved Under Articles 226 and 227 of the Constitution of India.

The appellant, Rajendra Agrawal, a semi-wholesale kerosene dealer in Murtizapur, filed a Letters Patent Appeal against the order of a Single Judge dis...