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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 Dismisses Petition Challenging Developer Selection in Slum Rehabilitation Scheme - Tenants of Municipal Corporation Held Ineligible to Vote. The court upheld the selection of developer by General Body Meeting, finding no procedural irregularity in service of notice or conduct of meeting.

The petitioners, claiming to be eligible slum dwellers, challenged the appointment of Respondent No.7 as developer for a Slum Rehabilitation Scheme on...

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High Court of Bombay Enhances Compensation for Widow in Motor Accident Death Case Due to Negligence of ST Bus Driver. Deceased's Income Reassessed and Future Prospects Applied to Compute Just Compensation Under Section 166 of Motor Vehicles Act, 1988.

The appellant, Anita Arun Memane, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, seeking compensation for the death of her ...

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Bombay High Court Allows Second Appeal in Teacher Appointment Dispute — Violation of Government Directives Under Grant-in-Aid Code Can Give Rise to Civil Suit. Government Resolutions and Notifications Issued for Regularising Grant-in-Aid Code Are Not Mere Administrative Orders but Binding Directions.

The appellant, Tukaram Pandurang Matekar, was the original plaintiff. He was a graduate holding an S.T.C. Diploma and was appointed as a trained teach...

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Bombay High Court at Goa Dismisses Second Appeal in Property Partition Suit — Upholds Concurrent Findings of Courts Below. Co-owner Cannot Claim Adverse Possession Against Another Co-owner Without Ouster.

The case involves a family dispute over property among siblings. The appellants, who are co-owners of the suit property, filed a suit for partition an...