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High Court of Bombay Considers Revision Against SEBI Special Court's Rejection of Discharge in SEBI Prosecution for Non-Payment of Penalty. Vicarious Liability of Directors Under Section 27 SEBI Act Questioned Due to Absence of Specific Averments in Complaint.

The matter arose from four Criminal Revision Applications filed before the High Court of Bombay challenging a common order of the SEBI Special Court t...

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Bombay High Court Sets Aside Revisional Order and Upholds Cooperative Bank's Auction Sale Despite Technical Objection on Deposit. Adjustment of Earnest Money Towards Mandatory 15% Payment Under Auction Terms Held Valid; Defaulting Borrower's Plea Rejected.

The petitioners, a cooperative bank and its Special Recovery Officer, challenged the order dated 19th January 2013 passed by the Divisional Joint Regi...

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Bombay High Court Quashes Bar Council of India Order Canceling Enrollment of Part-Time Law Professor as Advocate. Revision Petition Filed by Secretary of State Bar Council Held Not Maintainable, and Suo Motu Exercise of Power Without Show Cause Notice Violates Principles of Natural Justice.

The petitioner, Eknath Shankarrao Pagar, was a part-time law professor who applied for enrollment as an advocate. The Enrollment Committee of the Bar ...

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Bombay High Court at Goa Dismisses Criminal Revision Applications Challenging Cognizance and Process Issuance in CBI Corruption Case. Sanction for Prosecution Under Section 19 of Prevention of Corruption Act, 1988 Not Required for Private Complaints Under Section 190 CrPC.

The judgment pertains to four criminal revision applications filed by multiple applicants challenging the order of the Special Judge (CBI) at Goa, who...

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Bombay High Court Quashes Criminal Proceedings Against Directors and Compliance Officer in Cheque Dishonour Case Due to Lack of Vicarious Liability. Directors Not Liable Without Specific Allegations of Their Role in the Offence Under Sections 405, 406, 415, 120-B IPC.

The judgment pertains to two criminal writ petitions filed by the accused persons in a private complaint lodged by Sudhakar Talapurkar (respondent No....