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High Court of Karnataka Dismisses Challenge to KERC Order on Cross-Subsidy Surcharge for Open Access Industrial Consumers. Cross-Subsidy Surcharge Upheld as Valid Regulatory Measure Under Sections 42, 61, 62, 86 of Electricity Act, 2003.

The petitioner, Star Metallics and Power Private Limited, an industrial consumer of electricity, filed writ petitions under Articles 226 and 227 of th...

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High Court of Bombay Allows Writ Petition Challenging Allotment of Additional Fair Price Shops Beyond Advertised Number. Revisional Authority Under Maharashtra Foodgrains Rationing Order, 1966 Cannot Grant More Shops Than Advertised, and Minimum/Maximum Unit Norms Mandate a Fresh Advertisement.

The petitioner, Shri Suryakant Govindrao Shinde, was one of the successful applicants for a fair price shop in an advertisement issued by the Controll...

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Bombay High Court Grants Ex-Parte Decree for Recovery of Excess Payment in Sub-Contract Dispute — Plaintiff Entitled to Recover Rs.12,55,965.21 with Interest at 6% p.a. Plaintiff proved that defendant fabricated bills and was paid in excess of work done, leading to decree under Order 8 Rule 10 CPC.

The plaintiff, M/s. Offshore Industrial Construction Pvt. Ltd., filed a suit for recovery of Rs.12,55,965.21 with interest at 18% p.a. against the def...

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Bombay High Court Allows Revenue Appeal in Part on Mutuality Principle for Effluent Treatment Association. Interest on Bank Deposits Held Taxable as Income from Investments, Not Covered by Mutuality.

The case involves an appeal by the Revenue under Section 260A of the Income Tax Act, 1961 against a decision of the Income Tax Appellate Tribunal for ...

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Supreme Court Upholds Quashing of Notification Restricting Oxytocin Manufacture to Public Sector. Notification under Section 26A of Drugs and Cosmetics Act, 1940 held invalid for being arbitrary and disproportionate to the objective of curbing misuse.

The case involves a challenge to a notification issued by the Ministry of Health and Family Welfare under Section 26A of the Drugs and Cosmetics Act, ...

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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 ...