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High Court Dismisses Challenge to NSE Appellate Arbitral Award in Stock Broker Dispute — Upholds Squaring Off of Client's Position Due to Margin Shortfall. Regulation 3.10 of NSE F&O Regulations Does Not Mandate Prior Written Notice Before Squaring Off; Award Based on Evidence.

The Petitioner, M/s Shaunik Infotech Pvt Ltd, was a registered client of the Respondent, India Infoline Ltd, a trading member of the National Stock Ex...

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Madras High Court Delivered Common Order in Writ Petitions Seeking FIR Registration and SIT Investigation into Alleged Cartelization in TANGEDCO Transformer Tenders. The Court Examined Allegations of Identical Bidding and Inflated Procurement Costs Causing Loss of Rs.397 Crores to Public Exchequer.

The judgment pertains to three writ petitions filed under Article 226 of the Constitution of India, heard analogously by the Madras High Court. The pe...

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Bombay High Court Quashes Lease Rent Demand Against Indian Oil Corporation for Lack of Jurisdiction and Limitation. Collector's demand for arrears of lease rent for periods prior to 1995 set aside as time-barred and without authority under Maharashtra Land Revenue Code, 1966.

The petitioner, Indian Oil Corporation Limited, challenged a communication dated 14 March 2002 from the Collector, Mumbai Suburban District, demanding...

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Gujarat High Court Allows Additional Compensation Under Section 30(3) of RFCTLARR Act, 2013 for Land Acquired Under National Highways Act, 1956 — Solatium at 12% Per Annum from Date of Preliminary Notification to Award/Possession.

The petitioners filed a set of writ petitions seeking the benefit of additional compensation at 12% per annum under Section 30(3) of the Right to Fair...

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Bombay High Court Dismisses NSE's Defamation Suit Against Journalists, Upholds Freedom of Speech in Public Interest Reporting. Court holds that a public body like NSE must establish 'special damage' for defamation injunction and that fair comment on matters of public interest is protected.

The National Stock Exchange (NSE) filed a defamation suit against Moneylife Media Private Limited, Sucheta Dalal, and Debashish Basu, seeking an injun...