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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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Supreme Court Allows Insurer's Appeal in Insurance Claim Dispute Over Depreciation Rate for Fire-Damaged Machinery. Court Holds That Insured's Failure to Reinstate Damaged Property Within Extended Time Renders Reinstatement Value Clause Inoperative, Entitling Only Market Value on Depreciation Basis.

The dispute arose from a fire accident on 12.12.1998 that destroyed the '20 Hi Cold Rolling Mill' of the insured, M/s Bhushan Steel and Strips Ltd (la...

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Bombay High Court Dismisses Petition Challenging Denial of Admission to MBBS Course for Person with Locomotor Disability. Court Upholds Graduate Medical Education (Amendment) Regulations, 2019, Which Exclude Candidates with Amputation of Hand from Eligibility for Medical Courses.

The petitioner, Anita Prakash Shinde, a person with a left transcarpal amputation (60% disability), challenged the denial of admission to an undergrad...

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Bombay High Court Awards Compensation for Medical Negligence in Municipal Hospital - Extravasation Injury Leads to Loss of Fingers. Hospital Staff's Failure to Monitor IV Line Constitutes Negligence, Municipal Corporation Held Vicariously Liable.

The petitioner, Umakant Kisan Mane, was admitted to Rajawadi Municipal Hospital on 1st October 2002 following a convulsion. An intravenous line was st...

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High Court of Karnataka Dismisses State Appeal Against Acquittal in Medical Negligence Case — No Causal Link Established Between Treatment and Death. Section 304-A IPC requires proof of rash or negligent act directly causing death; failure to prove beyond reasonable doubt leads to acquittal.

The State of Karnataka appealed against the acquittal of Dr. S. Vijayalaxmi and Dr. K.M. Rajagopal for an offence punishable under Section 304-A read ...