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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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High Court of Karnataka Quashes Criminal Proceedings Against Public Servants for Lack of Sanction Under Section 197 CrPC. Acts Alleged Were in Discharge of Official Duty, Making Sanction Mandatory; Proceedings Quashed Under Section 482 CrPC.

The judgment involves multiple criminal petitions filed by various individuals, including Mallu S/o Vittal Toravi and others, seeking quashing of crim...

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High Court of Karnataka Dismisses Appeals by Apparel Companies Challenging Provident Fund Damages Order. Establishment of separate code number for each unit does not absolve liability under Section 14B of Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

The case involves multiple writ appeals filed by apparel companies (M/s J.D. Clothing Company, M/s Gokaldas India, M/s Wear Craft Apparels, and others...

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Supreme Court Upholds Assessee in Income Tax Dispute Regarding Tribunal's Jurisdiction to Remand on New Grounds. Tribunal Has Power Under Section 33(4) of Income-tax Act, 1922 to Entertain New Arguments and Order Remand Despite Procedural Rules.

The Supreme Court addressed five consolidated civil appeals arising from a reference made by the Income-tax Appellate Tribunal, Bombay Bench 'A'. The ...

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Bombay High Court Dismisses Writ Petition and Second Appeal in Land Revenue Dispute — Upholds Concurrent Findings on Mutation Entry Validity. The court held that mutation entries do not confer title and that the Civil Court's decree regarding possession was binding on revenue authorities.

The case involves a land dispute between the petitioners (legal heirs of Dattu Appa Patil) and respondent 3 (Rama Yesaba Patil) over mutation entries ...