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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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Supreme Court Allows State's Appeal in Excise Duty Case — Licensee Liable for Duty on Liquor Destroyed in Fire. Absolute liability under Rule 7(11)(a) of UP Bottling of Foreign Liquor Rules, 1969 and Rules 708/709 of UP Excise Manual; act of God no defense.

The case arises from a fire incident on 10.04.2003 at the godown of the respondent company, a distillery licensee, which destroyed 35,642 cases of Ind...

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High Court of Karnataka Quashes BESCOM Demand Notices for Alleged Theft of Electricity Due to Lack of Evidence of Tampering. Meter found to be in working condition and no pilferage detected, demand set aside as arbitrary.

The petitioner, Vishwas Concrete Products Private Limited, is a company engaged in the business of running a concrete mixing industrial unit. It had t...

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High Court of Karnataka Adjudicates Batch of Petitions Challenging Forest Development Tax Notification on Mining Leases; Examines Legislative Competence under Karnataka Forest Act and Forest (Conservation) Act.

A batch of writ petitions was filed before the High Court of Karnataka challenging the validity of Notification No. FEE/23/2007-08 dated 16.08.2008 is...

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High Court of Karnataka Kalaburagi Bench Hears Batch of Writ Petitions Challenging Amendments to Karnataka Agricultural Produce Marketing Act. Petitioners Seek Declaration that Deletion of 'Trader' from Section 72 and Insertion of Rule 76-A are Unconstitutional.

The present proceedings comprised a batch of writ petitions filed before the High Court of Karnataka, Kalaburagi Bench, under Articles 226 and 227 of ...

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Bombay High Court Upholds Levy of Market Fees on Vanaspati as Edible Oil Under Maharashtra APMC Act. Hydrogenated Vegetable Oil Held to Fall Within 'Edible Oils' Entry Added by 1987 Notification; Levy of Fees and Supervision Charges Upheld.

Two writ petitions were filed by companies manufacturing Vanaspati, challenging the levy of market fees and supervision charges by the Mumbai Agricult...

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Supreme Court Allows Land Owner's Appeal in Consumer Case, Holding No Joint Liability for Developer's Default. Collaboration Agreement and Tripartite Agreement Did Not Impose Obligation on Land Owner to Flat Buyers Under Consumer Protection Act, 1986.

The appeals arose from a common judgment of the National Consumer Disputes Redressal Commission (NCDRC) allowing a complaint by flat buyers against a ...

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Bombay High Court Allows New Law College and Additional Courses Despite State Government's Inaction — Mandamus Issued for Compliance with Bar Council of India and University Requirements. The court directed the State to decide applications within two weeks, failing which approvals deemed granted.

The petitioners, Habib Educational & Welfare Society and Aldel Education Trust, filed writ petitions seeking directions to the State of Maharashtra to...