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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 Allows Petitions Challenging Demolition of Structures by Nashik Municipal Corporation Without Proper Notice and Hearing. Demolition Without Prior Notice Violates Principles of Natural Justice Under Section 53A of MRTP Act and Section 169 of MMC Act.

The judgment involves a group of writ petitions filed by individuals and businesses challenging the demolition of their structures by the Nashik Munic...

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Supreme Court Upholds Gauhati High Court Decision Striking Down Assam Rural Health Regulatory Authority Act, 2004 for Repugnancy with Indian Medical Council Act, 1956. Diploma in Medicine and Rural Health Care Held to Be a Medical Qualification Requiring Central Permission Under Section 10A of IMC Act.

The case involves appeals against the Gauhati High Court's judgment striking down the Assam Rural Health Regulatory Authority Act, 2004. The Assam Act...

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Supreme Court Upholds IIT's Admission Criteria in JEE Advanced Eligibility Challenge. Criterion barring IIT-admitted candidates from subsequent attempts held not discriminatory under Article 14 as it serves public policy objectives of preventing seat wastage and ensuring equitable access.

The dispute arose from a writ petition filed by Soutrik Sarangi challenging Criterion No. 5 of the JEE (Advanced) Information Brochure, which prevente...

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Bombay High Court Dismisses Petition Challenging Home University Reservation in Technical Courses. Rules 9(3)(c), 9(3)(d) and 13 of Maharashtra Unaided Private Professional Educational Institutions Rules, 2017 held intra vires the Act and not violative of Articles 14, 19(1)(g), 21, 15(4) and 29(2).

The petitioners, eight students from various districts in Maharashtra, filed a writ petition challenging Rules 9(3)(c), 9(3)(d) and 13 of the Maharash...

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Bombay High Court Allows Revenue's Appeal in Rental Income Classification Case. Rental income from leasing unsold units of a commercial complex constructed by a real estate developer is assessable as business income, not income from house property.

The case involves multiple appeals filed by the Commissioner of Income Tax against the common order of the Income Tax Appellate Tribunal (ITAT) which ...