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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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Bombay High Court Allows Writ Petition Seeking Enforcement of RERA Order and Grants Interim Relief of Deposit and Injunction Against Developer. RERA Order Directing Refund of Investment with Interest Must Be Complied With by Revenue Authorities and Developer.

The petitioner, Rustam Phiroze Mehta, filed a writ petition seeking enforcement of an order dated 15th April 2019 passed by the Maharashtra Real Estat...

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Supreme Court Allows Builder's Appeals in Consumer Cases, Sets Aside Refund Order. Clause 11.4 of Builder-Buyer Agreement Limits Developer's Liability to Refund Only if Agreement is Terminated; Allottees Not Entitled to Refund Without Termination.

The appeals arise from a common judgment of the National Consumer Disputes Redressal Commission (NCDRC) in ten consumer cases filed by allottees again...

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Supreme Court Dismisses Appeals by Developer Challenging Quashing of Environmental Clearance for Housing Project Near Sukhna Wildlife Sanctuary. Project Located in Catchment Area of Sukhna Lake Requires Central Government Clearance Under Category 'A' of EIA Notification.

The Supreme Court dismissed the appeals filed by Tata Housing Development Company Ltd. (Tata HDCL) against the judgment of the High Court of Delhi, wh...

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Bombay High Court Dismisses Section 9 Petition Seeking Stay of Cancellation of Letter of Award in Tender Dispute. Court holds that disputes arising from pre-contractual stage are not arbitrable and interim relief under Section 9 cannot be granted when no arbitration agreement exists.

The Petitioner, Provident Multi-Trading Pvt. Ltd., filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim reli...

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High Court of Karnataka Dismisses Land Acquisition Challenges for Housing Scheme — Upholds Notifications Under Land Acquisition Act and Karnataka Housing Board Act. Petitioners failed to demonstrate any violation of statutory provisions or fundamental rights in acquisition for public purpose.

The judgment concerns a batch of writ petitions filed by landowners challenging the acquisition of their lands for a housing scheme by the Karnataka H...