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Bombay High Court Quashes NSE Stop Transfer Order and Directs Issuance of Duplicate Share Certificates — NSE Cannot Invoke Section 108 of Companies Act, 1956 to Freeze Shares of a Non-Defaulting Shareholder.

The petitioner, Aloysius D'Souza, acquired shares of Dr. Reddy's Laboratories Ltd. between 1986 and 1997. In 2007, he applied for duplicate share cert...

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Bombay High Court Dismisses Appeal by Khadi & Village Industries Commission in Industrial Dispute Jurisdiction Case. State Government Held to Be Appropriate Government Under Section 2(a) of Industrial Disputes Act, 1947 for KVIC.

The case involves an appeal by the Khadi and Village Industries Commission (KVIC) against a judgment of a single Judge of the Bombay High Court, which...

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Special Court Convicts Broker and Beneficiaries in BMC Bank Securities Fraud; Acquits Employees and Other Brokers. Broker Held Liable for Dishonest Receipt of Stolen Property Under Section 411 IPC, While Beneficiaries Convicted of Cheating Under Section 420 IPC.

The case involved a criminal trial before the Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 19...

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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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Supreme Court Sets Aside Industrial Tribunal Award Directing Statutory Dock Labour Board to Pay Bonus to Dock Workers; Holds Board Not Employer and Not Carrying on Industry Under Industrial Disputes Act

The dispute arose out of a claim for bonus made by two unions of dock workers at Visakhapatnam Port for the accounting years 1964-65, 1965-66 and 1966...