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Bombay High Court Dismisses Petition Challenging SEBI Settlement Regulations and Rejection of Settlement Proposal. Internal Committee's Power to Impose Conditions Precedent Upheld as Valid and Not Ultra Vires.

The petitioners, Abans Enterprises Ltd. and its promoter Abhishek Bansal, challenged the validity of regulations 6(1)(f) and 13(2)(ba) of the Securiti...

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Bombay High Court Quashes Reassessment Notices in Income Tax Case Due to Lack of Independent Application of Mind by AO. Dividend Stripping Provision Under Section 94(7) of Income Tax Act, 1961 Not Applicable Where Assessee Suffered Net Loss on Sale of Mutual Fund Units Exceeding Dividend Received.

The petitioner, Karan Maheshwari, an individual investor in shares, stocks, securities, and mutual funds, challenged a show cause notice dated 20 Augu...

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Supreme Court Dismisses Interlocutory Applications in Property Dispute — Vacation of Status Quo Denied. Court holds that third-party rights cannot be adjudicated in pending special leave petition without proper impleadment and evidence.

The Supreme Court was hearing three interlocutory applications in a pending special leave petition. I.A. No.6484 of 2018 sought vacation or modificati...

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Bombay High Court Dismisses Petition Challenging Refusal to Impound Agreement of Sale in Specific Performance Suit. Notarised Agreement of Sale Not an Instrument Chargeable with Stamp Duty Under Maharashtra Stamp Act, 1958.

The petitioners (defendants in the suit) challenged a common order dated 22/8/2019 passed by the learned Senior Civil Judge at Pune in Special Suit No...

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Bombay High Court Dismisses Union of India's Second Appeal in Property Ownership Dispute. Plaintiff's Ownership Upheld Based on Concurrent Findings of Fact Under Section 100 CPC.

The case involves a second appeal filed by the Union of India and other defendants against the judgment of the appellate court which declared the resp...

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Bombay High Court Allows Construction of Residential Service Apartments in IT Park Under IT Policy 2009. MIDC's refusal to approve amended plans quashed as arbitrary and contrary to the IT Policy 2009 and the provisional commencement certificate granted earlier.

The petitioners, National Standard (India) Limited and its director, challenged an order dated 14/9/2011 by which the Maharashtra Industrial Developme...

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Bombay High Court Dismisses Petitions Challenging Cess Increase Under Zilla Parishad Act. Levy of Cess and Additional Cess on Agricultural Land Upheld as Valid Under Sections 144 and 155 of the Zilla Parishad and Panchayat Samiti Act, 1961.

The petitioners, residents and owners of agricultural lands in Ahmednagar District, challenged the Resolution dated 06/11/1993 passed by respondent No...