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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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Madras High Court Upholds Sections 74 and 75(1) of Tamil Nadu Cooperative Societies Act, 1983 and Common Cadre Service Rules for Cooperative Societies. The Court held that the impugned provisions and rules are constitutionally valid and do not violate Article 19(1)(c) or Article 43B of the Constitution.

The judgment concerns two writ petitions filed under Article 226 of the Constitution of India challenging the constitutional validity of Sections 74 a...

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Bombay High Court Quashes Demolition Notices Under Section 212 of Maharashtra Municipal Corporations Act, 1949 for Lack of Prior Approval of Standing Committee. Delegation of Power by Standing Committee to Commissioner Held Invalid as Standing Committee Lacks Statutory Authority to Delegate.

The petitioners challenged notices and orders issued under Section 212 of the Maharashtra Municipal Corporations Act, 1949 by the Kalyan Dombivli Muni...

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Bombay High Court Dismisses Petition of Professors Challenging Exclusion from Director Selection Process in Autonomous College. Internal Candidates Not Entitled to Be Considered if They Do Not Meet Qualifications Prescribed by Board of Governors Under Autonomous Status.

The petitioners, Prof. Bandu Baburao Meshram and Prof. Abhay Bambole, were professors at Veermata Jijabai Technological Institute (VJTI), an autonomou...

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Bombay High Court Allows Complainant's Appeal in Cheque Dishonour Case — Managing Director's Authority to File Complaint Upheld. Resolution Authorizing Managing Director to 'Depose and Conduct Proceedings' Held Sufficient to File Complaint Under Section 138 of the Negotiable Instruments Act, 1881.

The appellant, M/s. Sri Balaji Agencies Pvt. Ltd., filed a criminal appeal against the judgment of the Sessions Judge, Panaji, dated 26-9-2008, which ...