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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 Upholds Tribunal in Sales Tax Reference — Activity on Customer's Goods Not Manufacture. Processing of customer-supplied goods constitutes works contract, not manufacture, under Bombay Sales Tax Act, 1959, and purchase tax under Section 13AA is not leviable.

The case involves a reference under Section 61(1) of the Bombay Sales Tax Act, 1959, at the instance of the Revenue, against the judgment of the Mahar...

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Bombay High Court Partially Allows State and Claimant Appeals in Land Acquisition Compensation Case — Market Value Determined at Rs. 30 per sq.m. with 30% Deduction for Development. Court applies belting method and deducts development cost for large land parcel acquired for Nhava-Sheva water supply.

The case involves two appeals arising from the same award dated 30th September 1989 passed by the Civil Judge, Senior Division, Raigad at Alibag in La...

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Bombay High Court Allows Conversion of Claim Petition from Section 166 to Section 163-A of Motor Vehicles Act in Fatal Accident Case. Claimants entitled to compensation under no-fault liability despite deceased's own negligence.

The appeal arises from a judgment of the Claims Tribunal, Mumbai, dismissing M.A.C.P No.645 of 2006 filed under Section 166 of the Motor Vehicles Act,...

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Supreme Court Allows De-Sealing of Commercial Premises in PIL Based on Judicial Committee Order. Applicant's Premises Ordered to be De-Sealed Subject to Compliance with Common Order Dated 18.12.2023.

The present application (I.A. No.203615 of 2024) was filed by an individual applicant seeking de-sealing of his commercial premises located at plot No...

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Bombay High Court Allows Appeal in Carriage of Goods by Sea Case — Sets Aside Ex-Parte Decree Due to Non-Service of Summons. Service of summons on agent of foreign principal held insufficient to bind the principal under Order 5 Rule 12 of CPC, 1908.

The appeal arises from a judgment and decree dated 18 October 2014 passed by the City Civil Court, Bombay in SC Suit No.7175 of 1997. The plaintiff, D...