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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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Bombay High Court Delivers Judgment in PIL Concerning Private Nursing Schools. Court Emphasizes Training Requirement for Nurses and State's Constitutional Duty.

The case involved a Public Interest Litigation (PIL) filed by the Private Nursing Schools and Colleges Management Association, a registered society of...

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Supreme Court Directs Suspension of Mining Operations and Investigation into Illegal Mining in Odisha. Lessees Operating Without Statutory Clearances Under Environment and Forest Laws Ordered to Stop Mining, and CEC to List Violators.

These writ petitions under Article 32 of the Constitution brought to light a massive mining scandal in the Keonjhar, Sundergarh, and Mayurbhanj distri...

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Bombay High Court Dismisses Application for Recall/Review of Order Allowing Secured Creditor to Release Leasehold Rights. Applicant, an ex-director and guarantor, lacked locus standi as he was not a party to the original application and no fraud or mistake was established.

The judgment concerns an application filed by Mr Shashikant Pasari, an ex-director and guarantor of Rajan (Textile) Mills Pvt Ltd (in liquidation), se...

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High Court of Bombay Disposes Cross Appeals from Trial Court's Injunction Order in Suit for Demolition and CRZ Declaration; Construction in CRZ Not Entitled to Completion Certificate Though Demolition Restrained When Built Per Sanctioned Plan.

The dispute arose from a notice dated 7th February 1998 issued by the Municipal Corporation of Greater Bombay under Section 354A of the Mumbai Municip...