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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 Dismisses PIL Challenging MSEDCL Tender Process for Composite Power Procurement. Court holds that tender conditions requiring composite bids for thermal and solar power are valid and do not violate Article 14 of the Constitution.

The petitioner, Rajesh Sharma, the General Secretary of the Maharashtra Pradesh Congress Committee, filed a Public Interest Litigation (PIL) before th...

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Bombay High Court Dismisses Petitions Challenging No-Confidence Motion Against Sarpanch. Notice Signed by Majority of Total Members of Grampanchayat is Valid Under Section 55(2) of the Maharashtra Zilla Parishads and Panchayat Samitis Act, 1961.

The case involves two writ petitions filed by Shivkant Bangar and Gavlan Tekale challenging the no-confidence motion passed against the Sarpanch of Gr...

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Bombay High Court Directs Cooperative Court to Decide Interim Application in Society Redevelopment Dispute. Minority Members' Challenge to Resolutions Led to High Court Direction Under Section 9 of Arbitration and Conciliation Act, 1996 to Avoid Delay in Redevelopment.

The case pertains to a petition under Section 9 of the Arbitration and Conciliation Act, 1996 filed by MP Space Dynamics Pvt. Ltd., the developer, aga...

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Bombay High Court Dismisses Sarpanch's Challenge to No-Confidence Motion — Non-Service of Requisition Copy Not Fatal Under Section 35 of Maharashtra Village Panchayat Act, 1958. Service of Notice Under Section 35 Read with Rule 2 of No-Confidence Rules Held Sufficient Compliance.

The petitioner, Smt. Amrapali Sakharam Kamble, was elected as Sarpanch of Mhasrang Gram Panchayat on 26th February 2021. She remained absent from meet...

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High Court of Bombay Considers Appeals Against Company Law Board Order Directing Buyout of Majority Stake in Wind Energy Company. The majority shareholder challenged the finding of oppression and the forced sale of shares to minority shareholders under sections 397, 402 and 403 of the Companies Act, 1956.

The proceedings arose from disputes between the shareholders of Enercon (India) Limited, now known as Wind World (India) Limited, a company engaged in...

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High Court of Bombay at Goa Hears Challenge to Registrar's Appointment of Directors Under Section 67A of Goa Co-operative Societies Act, 2001; Considers Democratic Control of Co-operatives.

The dispute concerns the appointment of two directors to the Board of the Goa Urban Co-operative Bank, a large scheduled bank, by the Registrar of Co-...

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Bombay High Court Upholds Validity of 50% Reservation for Women in Gram Panchayats — Rule 3(1)(c) of Maharashtra Village Panchayats (Reservation of Seats for Women) Rules, 1995 Held Intra Vires the Bombay Village Panchayats Act, 1958 and Article 243D of the Constitution.

The case involves a Letters Patent Appeal filed by Shri Tatyasaheb Ramchandra Kale against the judgment of a Single Judge of the Bombay High Court dis...

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Bombay High Court Quashes Blacklisting of Supplier by Central Bank of India for Non-Supply Due to Force Majeure. Natural Calamity in Thailand Constitutes Force Majeure Excusing Performance Under Contract Law Principles.

The petitioner, M/s. Acer India (Pvt.) Ltd., a private limited company engaged in supplying computer software and hardware, challenged its blacklistin...