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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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High Court of Karnataka Dismisses Petition Challenging Election Notification for Milk Producer Co-operative Society. Allegations of Procedural Irregularities Found Without Merit Under Articles 226 and 227 of the Constitution of India.

The petitioners, Shivalli Milk Producer Co-operative Society and its directors, filed a writ petition under Articles 226 and 227 of the Constitution o...

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Supreme Court Clarifies Scope of “Deep and Pervasive Control” in Grant-in-Aid Disputes. Supreme Court Holds ICSSR Not Liable for Salaries of CRRID Employees; Grants Discretionary, Not a Matter of Right

Nature of the Litigation: The case involved a dispute between the Indian Council of Social Science Research (ICSSR) and Centre for Research in Rura...

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Karnataka High Court Allows Recreation Club's Petition Declaring No License Required for Playing Skill Games. Rummy and other skill games are not gambling, and clubs do not need a license under the Licensing and Controlling of Places of Public Amusement Order.

The petitioner, Sri Siragalli Lakshmidevi Recreation Club (R), a society registered under the Karnataka Societies Registration Act, 1960, filed a writ...

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High Court of Karnataka Quashes Dismissal Order Based on Flawed Lokayukta Inquiry — Petitioner's Dismissal Set Aside for Violation of Natural Justice. The court held that an inquiry without opportunity of hearing is invalid and the consequential dismissal order cannot stand.

The petitioner, Sri B. Neelakant, was an employee of the Dharwad, Haveri, Gadag and Uttara Kannada Districts Co-operative Milk Producers Societies Uni...

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Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute — Violation of NSEIL Rules Renders Award Contrary to Public Policy. Trading Member's Squaring Off of Defaulting Client's Position Upheld as Permissible Under Bye-Laws, Award of Damages for Loss of Higher Price Set Aside.

The petitioner, M/s. Ventura Securities Limited, a trading member of the National Stock Exchange of India Ltd. (NSEIL), challenged an arbitral award d...