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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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ARBITRATION PETITION NO.1543 OF 2014

The matter arose from a stock trading dispute between Keynote Capitals Ltd. (a trading member of the National Stock Exchange) and Eco Recycling Ltd. (...

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High Court of Karnataka Hears Appeals Against Conviction for Conspiracy, Cheating, Forgery, and Corruption in Fake Balance Certificate Scam. Trial Court Convicted Bank Manager and Proprietors for Creating Fraudulent Credit Entries and Balance Certificates to Facilitate Loan of Rs.36 Crores.

The present criminal appeals arose from a common judgment of conviction and sentence rendered by the Special Judge for CBI Cases, Bengaluru, in Spl.C....

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Bombay High Court Allows Appeal by Depository in Share Rectification Case — CLB Direction Quashed as Without Jurisdiction. NSDL Cannot Be Directed to Issue Notices Regarding Title Disputes Under Section 111A of Companies Act, 1956.

The case involves an appeal by National Securities Depository Ltd. (NSDL) against an order of the Company Law Board (CLB) dated 23 November 2010. The ...

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High Court of Karnataka Dismisses Bank's Writ Petition Seeking Deposit of Land Acquisition Compensation to Loan Account. Mortgagee Bank Not Entitled to Compensation Under Section 31 of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.

The petitioner, M/s D C B Bank Limited, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Court of Karnata...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Stockbroker Dispute, Upholds Limitation and Maintainability. The Court held that the claim was within limitation due to acknowledgement of debt and that the arbitration application was maintainable despite directors' disqualification.

The Appellant, Kaynet Finance Limited, a member-broker at the National Stock Exchange of India, was appointed by the Respondent, Verona Capital Limite...

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Bombay High Court Partially Allows Section 34 Petition Against Arbitral Award in Commodity Trading Dispute — Holds That Arbitral Tribunal Erred in Rejecting Claim for Unauthorized Trades Without Considering Evidence of Unauthorized Transactions.

The petitioner, Mrs. Kaberi Mondal, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging portions of an arbitr...