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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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Bombay High Court Quashes Ban Order Against Contractor in ONGC Project Delay Dispute — Violation of Natural Justice. Internal Enquiry Report Not Shared With Contractor Before Imposing Business Ban, Rendering Order Arbitrary and Unreasonable.

The petitioner, Sarku Engineering Services SDN BHD, a Malaysian company, challenged an order dated 4 January 2016 issued by respondent No.2, Oil and N...

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Supreme Court Upholds High Court's Setting Aside of Dismissal of Judicial Officers for Non-Recording of Reasons Under Article 311(2)(b). Liberty to Initiate Fresh Proceedings with Proper Reasons Upheld as Valid.

The Supreme Court of India heard appeals by three judicial officers—Hari Niwas Gupta, Komal Ram, and Jitendra Nath Singh—who were dismissed from s...

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High Court of Karnataka Dismisses Petition Seeking to Exclude MLAs/MPs from Voting in Mayor Election. Writ of mandamus refused as petitioners failed to show any legal bar preventing legislators from voting in municipal corporation mayoral elections.

The petitioners, who were corporators of the Corporation of the City of Belgaum, filed a writ petition under Articles 226 and 227 of the Constitution ...

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High Court of Bombay Hears Appeal Against Conviction Under Section 120B r/w 302 IPC. Conviction Stemmed from Alleged Conspiracy to Murder Inder Bhatija by Accused No.1 and Others.

The appeal arose from the conviction and sentence of accused No.1 Pappu @ Suresh Budharmal Kalani by the Additional Sessions Judge, Kalyan in Sessions...

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Bombay High Court Upholds Private Complaints for Dishonour of Cheque Over Rs. 1 Crore Under Section 138 of Negotiable Instruments Act, 1881. Section 142(2) of NI Act Does Not Mandate Police Investigation, Private Complaint Maintainable.

The case involved a reference made by a learned Single Judge of the Bombay High Court regarding the interpretation of Section 142(2) of the Negotiable...