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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Bombay High Court Quashes Removal Order of APMC Chairman for Non-Compliance with Section 17 of Maharashtra APMC Act — Resolution Not Passed by Requisite Majority. The court held that the requirement of a resolution by at least 10 members is mandatory and cannot be dispensed with.

The petitioner, Sharad Bapuraoji Deshmukh, was an elected Director and Chairman of the Agricultural Produce Market Committee, Wardha. The District Dep...

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Madras High Court Dismisses Writ Appeal Challenging Interim Status Quo Order in College Correspondent Appointment Dispute. Church Constitution Provisions Prima Facie Support Bishop's Action to Stay Appointment and Assume Charge.

The appellant, S. Byju Nizeth Paaul, filed a writ appeal against an interim order dated 23.10.2024 passed by a learned Single Judge in W.P.(MD) No.179...

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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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Bombay High Court Dismisses Writ Petition by Cricket Association of Bihar Challenging BCCI Committee Report on Membership. Court holds that the report is not binding and the petitioner lacks locus standi to challenge it.

The petitioner, Cricket Association of Bihar, a society registered under the Societies Registration Act, 1860, filed a writ petition under Article 226...