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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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Gujarat High Court Dismisses State Appeal Against Acquittal in Murder Case Due to Lack of Credible Evidence. Acquittal of Accused for Offences Under Sections 302, 449, 342 IPC Upheld as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

The State of Gujarat appealed against the judgment and order dated 10.12.1997 passed by the learned Additional Sessions Judge, Rajkot in Sessions Case...

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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 of India Resolves Complexities in Taxation of Mineral Rights" "Judgment Clarifies Legislative Powers and the Nature of Royalty in Mining Sector"

The Supreme Court of India addressed a significant dispute regarding the distribution of legislative powers between the Union and the States, specific...

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Bombay High Court Allows Interim Compensation Under Section 140 of Motor Vehicles Act in Fatal Accident Cases. No-Fault Liability Principle Applied to Grant Interim Relief Without Proof of Negligence.

The judgment pertains to three first appeals filed by the claimants against the order of the Motor Accident Claims Tribunal rejecting their applicatio...

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Bombay High Court Dismisses Writ Petition Challenging Mutation Entry in Land Revenue Dispute — Finds No Error in Revenue Authority's Order Based on Prior Civil Court Decree. Mutation Entry Does Not Confer Title and Petition Barred by Delay and Laches.

The petitioners, legal heirs of Laxman Shankar Bandgar, filed a writ petition challenging the order of the Deputy Collector (Land Reforms), Latur, dat...

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Bombay High Court Allows Writ Petition Challenging SARFAESI Act Possession Notice — Bank Directed to Consider One-Time Settlement Offer. Failure to Consider OTS Proposal Before Taking Possession Violates Principles of Fairness and Natural Justice Under Section 13(2) of SARFAESI Act, 2002.

The petitioner, Surendra Nikose, had availed a housing loan from the State Bank of India (respondent). Due to financial difficulties, he defaulted on ...