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Bombay High Court Allows Appeal by Depository Against Arbitral Award for Lost Shares Due to Third-Party Fraud. Court Holds That Depository Not Liable Absent Negligence or Breach of Contract Under Section 12(1-A) of SEBI Act, 1992.

The case involves an appeal by Central Depository Services (India) Ltd. (CDSL) against a judgment of a learned Single Judge dated 01/12/2025, which up...

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Supreme Court Allows State Appeal Against Quashing of FIR in Airport Trespass Case — Mala Fides Cannot Be Decided at Nascent Stage of Investigation. IPC Offences Can Coexist with Aircraft Act Offences; Section 12B Does Not Bar FIR Registration.

The Supreme Court of India heard appeals by the State of Jharkhand against a judgment of the Jharkhand High Court quashing FIR No.169 of 2022 register...

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Supreme Court Dismisses Challenge to Repeal of University Act — State's Power to Repeal Upheld as Reasonable Classification Under Article 14. Heritage Protection Justifies Singling Out Khalsa University for Repeal, Not Arbitrary.

The Supreme Court dismissed the appeal challenging the constitutional validity of the Khalsa University (Repeal) Act, 2017, passed by the Punjab Legis...

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Bombay High Court Dismisses Challenge to Election of Deputy Chairman of Maharashtra Legislative Council. Court holds that election of Deputy Chairman is an internal matter of the House and not subject to judicial review under Articles 226 and 227 of the Constitution of India.

The petitioner, Mr. Gopichand Kundalik Padalkar, a Member of the Legislative Council of Maharashtra, challenged the election of Respondent No. 4, Dr. ...

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Bombay High Court Quashes Bank's Wilful Defaulter Declaration for Violating Natural Justice. Show-cause notice lacking specific grounds renders the decision invalid under RBI Master Circular on Wilful Defaulters.

The petitioners, Nitin Shah, Rahul Shah, and Kunal Shah, who were directors of Nitin Fire Protection Industries Ltd. (the corporate debtor under CIRP)...