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Supreme Court Allows Review Petition Filed by Customs Department in Customs Act Case — DRI Officers Held as Proper Officers. The Court overruled earlier decisions and upheld Section 28(11) of the Customs Act, 1962 as constitutionally valid, restoring the Department's power to issue show cause notices.

The Supreme Court, in a batch of petitions led by Review Petition No. 400 of 2021, considered the correctness of its earlier judgment in M/s Canon Ind...

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Supreme Court Dismisses Appeal by Insurance Company in Fidelity Guarantee Claim for Employee Dishonesty. Employee Involvement in Substituting Mentha Oil with Water Proved Through Survey Report and Police Complaint, Upholding National Commission's Award of Rs. 3.46 Crore with Interest.

The appellant, Oriental Insurance Co. Ltd., issued a Fidelity Guarantee Insurance Policy to the respondent, National Bulk Handling Corporation Pvt. Lt...

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High Court of Karnataka Dismisses Plaintiff's Writ Petition in Specific Performance Suit — Rejection of Notice to Admit Documents Upheld. Trial Court's Discretion Under Order XII Rule 2 CPC Not Interfered With as Plaintiff Failed to Show That Documents Were Admitted or That Rejection Caused Prejudice.

The petitioner-plaintiff filed a suit for specific performance of a contract for sale of property, seeking to direct the defendants to accept the bala...

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High Court Quashes Trial Court Order Rejecting Secondary Evidence Application in Specific Performance Suit. Trial Court Directed to Permit Plaintiffs to Lead Evidence of Lost Agreement to Sell Upon Establishing Foundational Facts Under Section 65 of the Indian Evidence Act, 1872.

This writ petition under Article 227 of the Constitution of India was filed by the original plaintiffs against an order of the trial court rejecting t...

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Bombay High Court Dismisses PIL Challenging SEBI's Power to Call Call Data Records. SEBI's Investigative Powers Under Section 11 of SEBI Act, 1992 Include Access to CDRs, and Such Access Does Not Violate Right to Privacy.

The Bombay High Court dismissed a Public Interest Litigation (PIL) filed by the Indian Council of Investors challenging the Securities and Exchange Bo...

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Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

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High Court of Bombay Issues Show Cause Notice and Considers Contempt Action Against Insolvent for Undisclosed Bank Transactions Under Presidency Towns Insolvency Act, 1909. Allegations of Non-Disclosure of Bank Accounts and Transactions Post-Adjudication Examined Under Section 33(4) of the Act.

The matter arises from insolvency proceedings against Pallav Sheth, who was notified under Section 3(2) of the Special Court (Trial of Offences Relati...