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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 HUDA's Appeal in Land Acquisition Case — Section 5A Compliance Upheld. Collector's recommendation not binding on State Government; no discrimination found in acquisition of land for development.

The case involves appeals by Haryana Urban Development Authority (HUDA) against the High Court's judgment quashing land acquisition notifications unde...

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High Court of Karnataka Dismisses CBI's Petition for Cancellation of Bail in Illegal Mining Case — Computation of 90 Days Under Section 167 Cr.P.C. Commences from Date of Production Before Court, Not from Service of Body Warrant on Jail Authorities.

The Central Bureau of Investigation (CBI) filed a criminal petition under Section 439(2) of the Code of Criminal Procedure, 1973 (Cr.P.C.) seeking can...

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Bombay High Court Allows Appeal in Unfair Labour Practice Case — Reinstatement with Back Wages Granted for Illegal Termination. Workman's Dismissal Without Proper Enquiry and Without Compliance with Section 25F of Industrial Disputes Act, 1947 Held Illegal.

The appellant, Chandrashekhar Chintaman Vaidya, was employed by the respondent, National Organic Chemical Industries Ltd., as a workman. He was dismis...

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Bombay High Court Dismisses Appeal in Share Dispute Case — Upholds Trial Court's Refusal of Interim Injunction. Court held that the appellants failed to establish a prima facie case for restraining the pledge of shares, as the shares were not proved to be held in a fiduciary capacity.

The case involves a dispute between two branches of the Arya family over shares of Arya Iron & Steel Co. Pvt. Ltd. The appellants, Ravi Arya and other...