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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 Dismisses Appeal of Allottee in Slum Clearance Board Land Dispute — Plot Earmarked for Public Convenience Cannot Be Allotted to Individuals. Residents of Locality Have Locus Standi to Challenge Illegal Allotment and Unauthorized Construction.

The case pertains to a plot (No. 25) in Thirumoolar Colony Scheme area, Chennai, which was originally earmarked for 'public convenience' under a layou...

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Bombay High Court Allows Conversion of Occupancy Class-II to Class-I Under Maharashtra Land Revenue Code, 1966 — Holds That Section 44 of the Code Does Not Bar Such Conversion for Lands Acquired Under Part VII of the Land Acquisition Act, 1894.

The petitioner, Ananta Landmarks Private Limited, filed a writ petition under Article 226 of the Constitution of India challenging an order/communicat...

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Supreme Court Upholds Consumer Commission's Compensation Award Against Builder for Delayed Possession in Housing Project. Builder's 'Endeavour' Clause Interpreted as Requiring Reasonable Efforts, and Contractual Compensation Rate Held Unfair Under Consumer Protection Act, 1986.

The dispute arose from a delayed housing project where the builder, NBCC (India) Limited, failed to hand over possession of a residential unit to the ...

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Supreme Court Allows Cost Escalation by Development Authority in Consumer Dispute — Clause 7 of Allotment Letter Permitted Price Revision. The Court held that the allotment was not a fixed price contract and the authority acted fairly by granting interest on deposits.

The appeal arose from a judgment of the National Consumer Disputes Redressal Commission (NCDRC) dated 8 November 2017, which had directed the Visakhap...

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Bombay High Court Dismisses Petition Challenging Eviction Order in Slum Rehabilitation Scheme — Petitioner Failed to Establish Right to Retain Tenement After Ceasing to Be Eligible Slum Dweller.

The petitioner, Harshaben Madhu, filed a Writ Petition under Article 226 of the Constitution of India challenging the judgment and order dated 07/02/2...

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High Court of Karnataka Allows Writ Petition Challenging Arbitrary Rejection of Shop Allotment in APMC Yard. Endorsement Quashed for Violation of Natural Justice, Fresh Consideration Ordered.

The petitioner, Mohammed Shah Nawaz, proprietor of Shah Nawaz and Brothers, has been carrying on business as a licencee in the vegetable market at Kal...