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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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Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...

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Bombay High Court Allows Petition Challenging Commissioner's Order in Gram Sabha Resolution Dispute — Procedural Irregularities in Gram Sabha Proceedings Render Resolution Invalid.

The Petitioner, Gajanan Baburao Sankpal, was the Chairman of the Pani Purvatha Ani Swachhata Samiti (Water Supply and Sanitation Committee) constitute...

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Bombay High Court Upholds MHADA's Order for Repairs and Redevelopment of Cessed Building Under Section 95A of MHADA Act. Court Directs Tenants to Pay Increased Rent and Vacate for Redevelopment, Rejecting Challenge to Executive Engineer's Order.

The appellants, eight tenants of a cessed building in Chittaranjan Nagar, Ghatkopar, Mumbai, filed a writ petition challenging an order dated 24 April...

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Bombay High Court Quashes Show-Cause Notice Against Chairman in APMC Removal Case — Notice Issued by In-charge Officer Without Authority Under Section 45 of Maharashtra APMC Act

The petitioner, Sopanrao Onkarrao Sathe, Chairman of the Agricultural Produce Market Committee, Malkapur, challenged a show-cause notice dated 2.6.201...