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Bombay High Court Dismisses Petition Seeking Personal Hearing for Exemption Under SEBI Employee Benefits Regulations. SEBI Not Obliged to Grant Oral Hearing When Considering Exemption Application Under Regulation 9 of SEBI (Share Based Employee Benefits) Regulations, 2014.

The petitioner, JK Paper Limited, a public limited company, filed an exemption application under the Securities and Exchange Board of India (Share Bas...

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Bombay High Court Dismisses Petition Seeking Transfer of Suit to Commercial Court Under Section 15(2) of Commercial Courts Act, 2015 — Suit for Specific Performance of Agreement to Sell Immovable Property Not a Commercial Dispute as Property Not Used for Commercial Purpose.

The petitioners, original defendants in a suit for specific performance of an agreement to sell immovable property, filed a writ petition challenging ...

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Bombay High Court Considers Validity of Slum Rehabilitation Area Declaration Where No Show Cause Notice Was Issued. The Court Examines Whether Principles of Natural Justice Require Opportunity of Hearing Before Section 3C(1) Declaration Under Maharashtra Slum Areas Act, 1971.

This writ petition was filed in the Bombay High Court challenging the declaration of certain property as a Slum Rehabilitation Area under Section 3C(1...

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High Court of Karnataka Adjudicates Intra-Court Appeals Against Order Upholding Blocking of Electronic Credit Ledgers Under Rule 86A of CGST Rules; Considers Requirement of Pre-Decisional Hearing and Bonafide Purchaser Protection.

The appeals arose from a common order dated 27.07.2023 passed by a Single Judge in a batch of writ petitions, rejecting the contentions of the appella...

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Bombay High Court Dismisses Petition Seeking Transfer of Suit to Commercial Court Under Section 15(2) of Commercial Courts Act, 2015 — Suit for Specific Performance of Agreement to Sell Immovable Property Not a Commercial Dispute.

The petitioners, original defendants in a suit for specific performance of an agreement to sell immovable property, filed a writ petition challenging ...

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High Court of Karnataka Declares Demolition of Shop without Notice Illegal under Section 23 of Karnataka State Highways Act, 1964. Tenant's Possession Protected When Authorities Demolish Building Without Following Procedural Mandate.

The petitioner was a tenant running a textile shop in a building at Magadi Town, measuring 19 feet by 76 feet, referred to as Schedule-B property. He ...

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Supreme Court Dismisses Assessee's Appeal in Income Tax Deduction Dispute Over Commission Paid to General Manager. Expenditure disallowed as excess over reasonable remuneration was not laid out wholly for business purposes under Section 10(2)(xv) of the Income-tax Act, 1922.

This appeal arose from an income-tax assessment where the assessee, a woollen manufacturer, had appointed one V as General Manager. The terms of appoi...

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Supreme Court Dismisses SEBI's Appeal in Securities Market Violation Case Due to Absence of Question of Law. Tribunal's Factual Findings on Advertisements, Manipulation, and Natural Justice Upheld, with Jurisdiction Under Section 15Z of SEBI Act, 1992 Confined to Legal Issues.

The dispute arose from a statutory appeal under Section 15Z of the Securities and Exchange Board of India Act, 1992, filed by SEBI against the Securit...