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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 Quashes Penalty for Non-Certification of Annexures to Return of Allotment Under Section 39(5) of Companies Act, 2013 — Default Under Section 39(4) Relates Only to Filing of Return, Not Certification of Annexures.

The petitioners, N.S.J.L Nidhi Ltd and its officers, challenged an order dated October 11, 2023, by which a Learned Adjudicating Officer imposed a pen...

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High Court Acquits Mother in Infant Death Case Due to Insufficient Evidence and Contradictions in Medical Reports. Conviction Under Section 302 IPC Set Aside for Lack of Proof Beyond Reasonable Doubt

The High Court of Karnataka allowed a criminal appeal filed by a mother convicted for murdering her 6-day-old infant under Section 302 IPC. The Trial ...

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Bombay High Court Dismisses Application for Rejection of Plaint in Specific Performance Suit. Plaint Discloses Cause of Action and Suit Not Barred by Limitation Under Article 54 of Limitation Act, 1963.

The case involves an interim application filed by the defendants in a commercial suit for specific performance. The plaintiff, Rajdhani Textiles Pvt. ...

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Gujarat High Court Upholds Acquittal in Corruption Case Due to Lack of Credible Evidence and Procedural Lapses. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 7, 13(1)(d), 13(2) of Prevention of Corruption Act, 1988.

The State of Gujarat filed an appeal under Section 378(1) of the Code of Criminal Procedure, 1973 against the judgment and order of acquittal dated 28...

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Gujarat High Court Upholds Acquittal in Cross-Cases of Land Dispute Violence — Benefit of Doubt Given Due to Inconsistent and Interested Testimony. Conviction under Sections 326, 324, 323, 504, 114 IPC and Section 3(1)(10) SC/ST Act Set Aside as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

The State of Gujarat appealed against the acquittal of the respondents-accused in two interconnected cross-cases arising from a land dispute. The inci...

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High Court Quashes GST Appellate Order Against Indian Oil Corporation for Violation of Natural Justice — Pre-deposit Requirement Set Aside. Failure to Provide Personal Hearing and Reasoned Order Renders Appellate Order Unsustainable Under Section 107(11) of CGST Act, 2017.

The petitioner, M/s Indian Oil Corporation Ltd., a public sector undertaking engaged in storage and supply of petroleum products, filed a writ petitio...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Deceased Pillion Rider's Income Reassessed at Rs.9,000 per Month with Future Prospects and Standard Deductions Applied Under Motor Vehicles Act, 1988.

The appeal arises from a judgment and award dated 01.06.2017 passed by the Senior Civil Judge and Additional MACT, Sira, in MVC No.414/2016, whereby t...