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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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"Supreme Court of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

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High Court of Karnataka Quashes Impounding Order in Lease Agreement Dispute — Document Held to be Agreement to Lease, Not Lease Deed. Trial Court Erred in Construing Agreement to Secure Lease as Lease Deed Under Karnataka Stamp Act, 1957.

The petitioners, Canara Bank, were defendants in an eviction suit filed by the respondent, M/s Shankaranarayana Industries and Plantations Pvt. Ltd., ...

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Supreme Court Upholds NCLAT Decision on Limitation in Insolvency Petition Initiated by Financial Creditor. Application Under Section 7 of Insolvency and Bankruptcy Code, 2016 Held Within Limitation After Excluding Time Spent in SARFAESI Proceedings Under Section 14(2) of Limitation Act, 1963.

The appeal arose from a judgment of the National Company Law Appellate Tribunal (NCLAT) dismissing an appeal against an order of the National Company ...

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Supreme Court heard cross-appeals from NCLAT order partly reversing NCLT’s finding on trademark ownership during CIRP; cross-appeal challenged NCLT’s jurisdiction to determine title under Section 60(5) IBC.

The dispute originated in the corporate insolvency resolution process of Fort Gloster Industries Limited (corporate debtor), which was admitted into C...

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Supreme Court Allows Appeal in Civil Procedure Case — Suit Must Proceed De Novo After Plaint Returned for Lack of Jurisdiction. Exclusive Jurisdiction Clause in Agreement Ousts Jurisdiction of Gurgaon Court, Rendering Proceedings Void Ab Initio Under Order VII Rule 10 CPC.

The Supreme Court considered a reference arising from a suit for recovery filed by the respondent against the appellant based on a franchise agreement...

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Bombay High Court Quashes Show Cause Notice Issued on Retirement Day for Non-Submission of Caste Validity Certificate. Departmental Action Initiated After Superannuation Without Pending Proceedings or Pension Disallowance Is Barred by Service Rules.

The petitioner, Narendra K. Kumbhare, was employed with United India Insurance Co. Ltd. from 24.04.1985 as a Typist and was promoted over the years, u...

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Supreme Court Allows Ayurveda College to Continue PG Courses Despite Non-Compliance with New Regulations. Central Council's attempt to withdraw permission for PG courses due to non-compliance with 2016 Regulations fails as college had already admitted students under 2012 Regulations.

The case involves appeals by the Central Council for Indian Medicine against judgments of the Karnataka High Court that allowed writ petitions filed b...