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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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High Court of Karnataka Acquits Accused in NDPS Case Due to Non-Compliance with Mandatory Sampling and Sealing Procedures. Conviction under Section 20(b)(ii)(B) of Narcotic Drugs and Psychotropic Substances Act, 1985 set aside as prosecution failed to prove contraband was same as seized sample.

The petitioner, Sri K K Suresh, was convicted by the Civil Judge & JMFC, Ponnampet in CC No.523/2011 for an offence under Section 20(b)(ii)(B) of the ...

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Supreme Court Allows Appeals in Urban Land Ceiling Case — Possession Not Validly Taken Under Section 10(6) of ULC Act, 1976. Act of Court Should Not Injure Suitor; Repeal of ULC Act in 2008 Vests Land in Appellant.

The appellant, M/S A.P. Electrical Equipment Corporation (now ECE Industries Limited), owned land in Fatehnagar Village, Rangareddy District, Telangan...

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High Court of Karnataka Allows Revision Petition, Discharges Accused in Land Grabbing Case Due to Lack of Prima Facie Evidence. Court holds that mere revenue inspector report without verification of title deeds cannot sustain charges under Section 420 IPC and Section 192-A of Karnataka Land Revenue Act.

The petitioner, Sri Chennakeshava, filed a criminal revision petition under Section 397 read with 401 of the Code of Criminal Procedure, 1973, challen...

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High Court of Karnataka Quashes FIR Against Public Servants in BMTF Case for Lack of Sanction Under Section 197 CrPC — Acts Alleged Were in Discharge of Official Duty, Sanction Mandatory

The petitioners, Sri Jagadish Shivappa Shettar and Sri S. Sundaresh, were accused Nos. 1 and 2 in FIR No. 63/2014 registered by the Bengaluru Metropol...

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High Court of Karnataka Quashes FIR Against Public Servants in BMTF Case for Lack of Sanction Under Section 197 CrPC. Acts Alleged Were in Discharge of Official Duty, Making Sanction Mandatory.

The case involves two criminal petitions filed by accused Nos. 1 and 2, Sri. Jagadish Shivappa Shettar and Sri. S. Sundaresh, challenging FIR No.63/20...

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Bombay High Court Considers Administrator’s Report for Recovery of Diverted Estate Assets in Testamentary Suit. Court Appointed Administrator Seeks Directions Against Defendant for Unauthorized Diversion of Deceased’s Funds to Various Entities.

The matter concerned the administration of the estate of Purvez Burjor Dalal, who died in Mumbai on 7 December 2011. A testamentary suit was institute...

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Bombay High Court Upholds Octroi Levy on Imported Aircraft Parts in Customs Bonded Warehouse — Entry into Municipal Limits Occurs Upon Removal from Warehouse. Interpretation of 'Goods' and 'Entry' Under Section 192 of Mumbai Municipal Corporation Act, 1888 Confirms Levy is Valid and Not Ultra Vires.

The judgment concerns two writ petitions filed by Jet Airways (India) Ltd. and Reliance Commercial Dealers Ltd. challenging the levy of octroi by the ...

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Supreme Court Clarifies Scope of Merger Control Disclosure Obligations and Limits of CCI's Powers After Approval. The Court Emphasizes That CCI's Authority Must Be Traced to the Act and That Disclosure Must Present the Transaction in Substance.

The case arises from an appeal under Section 53T of the Competition Act, 2002, filed by Amazon.com NV Investment Holdings LLC before the Supreme Court...