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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 Issues Rule Nisi in Cyber Fraud Case Involving Unauthorized Withdrawals of Rs. 38.04 Lakh. Petitioner Claims Banks Breached RBI Guidelines on Internet Banking and Failed to Reverse Fraudulent Transactions.

The petitioner, a freelancer in business consultancy, maintained savings and current accounts with HDFC Bank since 2011 and 2016 respectively. On 14 J...

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Bombay High Court Takes Suo Motu Cognizance of Deplorable Road Conditions and Pothole Deaths in Mumbai. Court Holds Right to Well-Maintained Roads as Fundamental Right Under Article 21 and Issues Mandatory Directions to Authorities.

This suo motu public interest litigation was registered by the Bombay High Court in 2013 based on a letter from Justice G.S. Patel highlighting the pa...

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Supreme Court Allows Appellant in SEBI PFUTP Regulations Case Due to Non-Disclosure of Investigation Report. The Court Held That the Investigation Report Under Regulation 9 Must Be Disclosed to Ensure a Fair Hearing Under Principles of Natural Justice, as It Forms the Basis for the Show Cause Notice.

The dispute arose from a show cause notice issued by SEBI to the appellant, alleging violations of the SEBI (Prohibition of Fraudulent and Unfair Trad...

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Bombay High Court: Cooperative Housing Society Cannot Expel Members for Filing Genuine Complaints | Section 35 Maharashtra Cooperative Societies Act, 1960 Explained

The Bombay High Court allowed a writ petition filed by five members of a cooperative housing society challenging their expulsion from the society's me...