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Bombay High Court Dismisses Petitions Challenging SEBI's Ex-Parte Interim Order in Securities Market Manipulation Case. Court upholds SEBI's power to issue ex-parte interim directions under Section 11B of SEBI Act, 1992 to protect market integrity.

The Bombay High Court dismissed two writ petitions filed by Hemant Kulshrestha and Vinay Bansal challenging an ex-parte interim order passed by the Se...

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Bombay High Court Quashes Process Against Directors in Food Safety Act Case — Lack of Vicarious Liability. Directors cannot be held liable under the Food Safety and Standards Act, 2006 without specific averments of their role in the offence.

The petitioners, including a company and its erstwhile directors, challenged an order of the Additional Sessions Judge, Sangli, which dismissed their ...

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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...

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Bombay High Court Quashes State Board's Rejection of GNM Course Proposal Based on Indian Nursing Council's Ultra Vires Notifications. Notifications Phasing Out GNM Course Held Without Statutory Authority Under Indian Nursing Council Act, 1947.

The petitioner, Dr. Keshav Baliram Hedgewar Paryayi Shiksha Mandal, a trust running educational institutions, proposed to start a General Nursing and ...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...