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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 ...

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Bombay High Court Allows Petition to Quash Property Tax Demand for Non-Compliance with Natural Justice. Assessment Order Set Aside as No Opportunity of Hearing Was Given Before Imposing Tax Under Maharashtra Municipal Corporation Act, 1949.

The petitioner, Sujit Manohar Patil, filed a writ petition before the Bombay High Court challenging a property tax assessment order and demand notice ...

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High Court Allows Petition for Continuity of Service and Pay Benefits for Reinstated Workers in Labour Dispute - Continuity of Service and Benefits Under Government Resolution Dated 17.10.1988 Granted as Labour Court Awards Were Silent on Continuity, Following Precedent on Reinstatement Principles.

The dispute involved petitioners who were labourers employed by respondent No. 2 between 1985 and 1994, and whose services were terminated on various ...

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High Court of Karnataka Dismisses Appeal Challenging Disqualification of DCC Bank Director Under Karnataka Co-operative Societies Act, 1959. Disqualification for Default in Loan Repayment Upheld as Per Section 29C(1)(b) of the Act.

The appellant, Sri R.M. Manjunath Gowda, was a director and president of the Shimogga District Central Co-operative Bank (DCC Bank). He had taken a lo...

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Bombay High Court Acquits Accused in Corruption Case Due to Unreliable Trap Witness and Lack of Corroboration. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 7 and 13(2) of Prevention of Corruption Act, 1988.

The appellant, Dadaji Fakroji Kharkar, was an Assistant Grader at a Cotton Federation Centre. He was convicted by the Special Judge, Biloli, under Sec...

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NCLAT Dismisses Appeals Challenging Admission of Section 7 Application by Allottees Against Corporate Debtor. The Tribunal upheld the NCLT order allowing impleadment of allottees and admitting the insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, as default was established.

The judgment pertains to two appeals filed against an order dated 04.03.2024 passed by the National Company Law Tribunal (NCLT), New Delhi Principal B...