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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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National Company Law Appellate Tribunal Upholds Mediated Consent Terms in Company Dispute Under Companies Act, 1956 -- Appeals by Appellant(s) and Accurate Engineering Company Pvt. Ltd. & Ors. Dismissed Due to Failure to Prove Coercion, Undue Influence, and Duress

The National Company Law Appellate Tribunal dismissed appeals challenging the National Company Law Tribunal's order that upheld mediated consent terms...

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Supreme Court Allows Review Petition Filed by Customs Department in Customs Act Case — DRI Officers Held as Proper Officers. The Court overruled earlier decisions and upheld Section 28(11) of the Customs Act, 1962 as constitutionally valid, restoring the Department's power to issue show cause notices.

The Supreme Court, in a batch of petitions led by Review Petition No. 400 of 2021, considered the correctness of its earlier judgment in M/s Canon Ind...

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Bombay High Court Upholds Constitutional Validity of Tenancy Provisions in Maharashtra Tenancy Act. Maximum Rent and Purchase Price Fixation Not Arbitrary Under Articles 14 and 21.

The petitioners, a trust and its trustees, challenged the constitutional validity of Sections 11 and 15 of the Maharashtra Tenancy and Agricultural La...

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Bombay High Court Dismisses Appeals Against Arbitral Award in Cotton Supply Disputes — No Interference Under Section 34 of Arbitration Act. Court upholds award based on contractual terms and CAI byelaws, rejecting challenges on merits and procedural irregularities.

The case involves three appeals filed under Section 37 of the Arbitration and Conciliation Act, 1996, by M/s. Subramanya Cotton Ginning Industries, M/...

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Bombay High Court Allows Appeals Against Appointment of Court Receiver in Suit Challenging Transfer of Flat by Executors Before Probate. The court set aside the trial court's order appointing a Receiver and remanded the matter for fresh consideration of balance of convenience.

The appeals arose from an order dated 13 March 2014 of the learned Trial Judge in a notice of motion taken out by the plaintiffs in a suit seeking to ...