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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 Dismisses Appeal Against Tender Cancellation in Public Procurement Case — State's Decision to Cancel Tender Upheld as Not Arbitrary Under Article 14 of the Constitution.

The appeal arose from a High Court order dismissing a writ petition challenging the cancellation of a tender by the State. The appellant, a bidder, co...

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Bombay High Court Allows Engineering College to Participate in CAP Admissions Despite AICTE’s Reduction of Intake Capacity. The Court Held That the College’s Non-Listing on AICTE Website Should Not Affect Admission Process, Subject to Final Outcome.

The Petitioner, Saraswati Education Society’s Saraswati College of Engineering, an institution established in 1997 and offering undergraduate engine...

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Court Upholds Recruitment Rules of 2015, Dismisses Petition Challenging RFO Seniority List. Petitioners' reliance on superseded 1998 Rules and failure to include all affected parties lead to dismissal; seniority list validated under 2015 Rules.

The petitioners challenged the seniority list based on the Recruitment Rules of 1998, arguing against the application of the Recruitment Rules of 2015...