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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Bombay High Court Allows Petitions Challenging Demolition Notices for Non-Conforming Structures in Bhiwandi — Held That Show-Cause Notice Must Precede Demolition Order Under Section 53 of Maharashtra Regional and Town Planning Act, 1966.

The petitioners, owners of structures in Bhiwandi, received demolition notices from the Commissioner of Bhiwandi Nizampur City Municipal Corporation u...

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Bombay High Court Upholds Validity of 50% Reservation for Women in Gram Panchayats — Rule 3(1)(c) of Maharashtra Village Panchayats (Reservation of Seats for Women) Rules, 1995 Held Intra Vires the Bombay Village Panchayats Act, 1958 and Article 243D of the Constitution.

The case involves a Letters Patent Appeal filed by Shri Tatyasaheb Ramchandra Kale against the judgment of a Single Judge of the Bombay High Court dis...

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Bombay High Court Upholds State Election Commission's Power to Reschedule Panchayat Elections in Flood-Affected Areas. The Court held that the Election Commission's powers under Article 243-K are wide enough to postpone elections due to natural calamity to ensure free and fair elections.

The State of Maharashtra filed a writ petition under Article 226 of the Constitution challenging the directions issued by the State Election Commissio...