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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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Bombay High Court Quashes IBBI Circular as Ultra Vires in Insolvency Professional Regulation — Circular Purporting to Clarify Regulation 4(2)(b) of LP Regulations Held to Be an Impermissible Retrospective Amendment.

The petitioner, Amit Gupta, a chartered accountant and registered insolvency professional, challenged a circular dated 28 September 2023 issued by the...

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Bombay High Court Upholds Compulsory Retirement of Judicial Officer for Lack of Integrity and Efficiency. Rule 10(4)(a)(i) of Maharashtra Civil Services (Pension) Rules, 1982 applied to prematurely retire a District Judge based on adverse entries and overall performance record.

The petitioner, Ashokkumar Hiralal Lohiya, was a judicial officer who joined the judiciary as a Civil Judge, Junior Division in 1978 and was promoted ...

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Karnataka High Court Examines Quashing Petition in Alleged Fraudulent Land Grant by Bagair Hukum Saguvali Samithi. Petitioners Allege Complaint is Vague and Lacks Specifics, Claiming Sanction under Section 197 CrPC Required.

The case arose from a criminal petition filed under Section 482 of the Code of Criminal Procedure, 1973, seeking to quash an FIR registered by Belur P...

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Bombay High Court Hears Landlord's Challenge to MRT Order Granting Tenant Declaration Under Bombay Tenancy Act. Dispute Involves Agricultural Land Where MRT Overturned Concurrent Findings, Applying Deemed Tenancy Under Section 4 and Section 70(b) of the Bombay Tenancy and Agricultural Lands Act, 1948.

The matter arose from a tenancy application filed by the respondent under Section 70(b) of the Bombay Tenancy and Agricultural Lands Act, 1948, seekin...