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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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Bombay High Court Quashes ULC Act Demand for Excess Land Due to Repeal and Non-Completion of Proceedings. Demand for Rs 6,09,66,477 raised under Urban Land (Ceiling and Regulation) Act, 1976 set aside as proceedings were not finalized before the Act's repeal and the land was not vested in the State.

The petitioners, nine individuals, filed a writ petition challenging a demand of Rs 6,09,66,477 raised by the District Collector and Competent Authori...

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High Court of Bombay Sets Aside Tribunal's Interim Stay on Transfer of IAS Officer, Holding It Violative of Section 24 of Administrative Tribunals Act, 1985. Transfer Order Passed in Administrative Exigency After Preliminary Enquiry Revealed Financial Irregularities, Not Vitiated by Mala Fides.

The State of Maharashtra filed a writ petition before the Bombay High Court challenging two orders of the Central Administrative Tribunal, Bombay Bran...