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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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High Court of Karnataka Declares Police Interference in Gold Loan Business Arbitrary and Violative of Fundamental Rights. Writ of Mandamus Issued Restraining Police from Seizing Pledged Gold Articles, Allowing Only Examination by Summoning.

The petitioner, Muthoot Finance Limited, a company incorporated under the Companies Act, 1956, engaged in the business of gold loans, filed a writ pet...

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Karnataka High Court Hears Revenue Appeal on Deletion of Additions for Bogus Transportation, Illegal Mining, and Helicopter Expenses. The Court Examines Whether the ITAT's Deletions Were Perverse and Whether Cross-Examination Rights Were Adequately Protected Under the Income Tax Act, 1961.

The appeal before the Karnataka High Court arose from an order of the Income Tax Appellate Tribunal (ITAT), Bengaluru, which partly allowed the assess...

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Supreme Court Allows Appeal for Cancellation of Bail in Murder Conviction Case Due to Subsequent Offence and Judicial Pressure. Bail revocation sought under Section 389(1) CrPC based on new FIR alleging murder and prior convictions, with court noting judicial officer's pressure from police and accused.

The appeal arose from an order of the High Court of Madhya Pradesh dated 23 July 2019, which declined to entertain applications for cancellation of ba...

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Supreme Court Allows Appeal Against Quashing of Criminal Process in Forgery Case — High Court Exceeded Jurisdiction by Evaluating Merits at Summoning Stage. Criminal proceedings cannot be quashed merely because allegations appear civil if ingredients of offence are prima facie made out.

The appellant, Sau. Kamal Shivaji Pokarnekar, filed a criminal complaint alleging that the respondents committed forgery and prepared false documents,...

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Bombay High Court Allows Petitioners to Obtain Commission to Singapore Under Section 27 of Arbitration Act. Issuing Commission to Foreign Country Does Not Amount to Change of Venue of Arbitration.

The petition was filed under section 27 of the Arbitration and Conciliation Act, 1996 by the two petitioners, who were the original respondents in the...

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Bombay High Court Quashes Criminal Proceedings in Cheating and Forgery Case Due to Lack of Prima Facie Evidence and Civil Nature of Dispute. Dispute Between Teacher and Educational Society Over Non-Payment of Salary Held to be Civil, Not Criminal, Under Sections 406, 420, 465 IPC.

The judgment pertains to two criminal writ petitions filed by the petitioners seeking quashing of criminal proceedings initiated against them by the r...

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Bombay High Court Quashes FIR Against Police Officer in SC/ST Act Case for Lack of Sanction Under Section 197 CrPC. Court Held That Acts Alleged Were in Discharge of Official Duty, Making Sanction Mandatory Before Investigation.

The State of Maharashtra filed a criminal application before the Bombay High Court, Nagpur Bench, challenging an order passed by the Judicial Magistra...