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High Court of Karnataka at Bengaluru Adjudicates Lapsing of Land Acquisition for BDA Scheme; Examines Applicability of Section 24(2) of 2013 Act and Section 27 of BDA Act

The High Court of Karnataka at Bengaluru was seized of multiple writ petitions concerning land bearing Sy.No.103 of Nagarabhavi Village, measuring fou...

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Supreme Court Allows Assessee's Appeals; Profits from Sale of Gold and Shares Held Capital Receipts Not Taxable as Income. Court Rules Transactions Were Realisation of Investment, Not Adventures in Nature of Trade, and High Court Erred in Treating Tribunal's Finding as Unreviewable Fact.

The appeals arose from references under Section 66(2) of the Income Tax Act, 1922 concerning the assessee, a large landholder, who had inherited subst...

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Bombay High Court Considered Constitutional Challenge to Maharashtra Land Acquisition Amendment for Bullet Train Project. Petition Raised Questions of Repugnancy Under Article 254, Presidential Assent, Natural Justice, and Scope of Section 33 of the Right to Fair Compensation Act, 2013.

The litigation concerned a challenge to land acquisition for the Mumbai-Ahmedabad High Speed Rail project, commonly called the Bullet Train Project. T...

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High Court of Karnataka Dismisses Writ Petition Seeking Declaration of Title Over BDA Acquired Land — Petitioner Fails to Establish Possession or Title After 1971 Acquisition Notification Under City of Bangalore Improvement Act, 1945.

The petitioner, Sri Venu, filed a writ petition under Articles 226 and 227 of the Constitution of India seeking a declaration that the respondents hav...

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High Court of Karnataka Resolves Batch of Writ Petitions Challenging Land Acquisition for 'Nadaprabhu Kempegowda Layout'. The Petitioners Sought to Quash Preliminary Notification Dated 21.05.2008 and Final Notification Dated 18.02.2010 Issued by Bangalore Development Authority.

A large batch of writ petitions came before the High Court of Karnataka at Bangalore, filed under Articles 226 and 227 of the Constitution of India. T...

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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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High Court of Karnataka Decides Writ Petitions Challenging Land Acquisition Notifications. Petitions Seek to Quash Preliminary and Final Notifications Issued for Nadaprabhu Kempegowda Layout by BDA.

A batch of writ petitions was filed under Articles 226 and 227 of the Constitution of India seeking to quash the preliminary notification dated 21.05....