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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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High Court of Bombay at Nagpur Allows Appeals in Motor Accident Claim Case — Enhances Compensation for Death of Abdul Gaffar. Negligence of Tractor Driver Established; Insurance Company Liable to Pay Enhanced Compensation with Interest.

The case arises from a motor accident claim for the death of Abdul Gaffar, who died in a collision between a motorcycle (on which he was a pillion rid...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim Cases — Upholds Compensation for Death of Pillion Rider and Injuries to Others. Held that insurer is liable to pay compensation as the vehicle was insured and the accident occurred due to rash and negligent driving.

The case involves three first appeals filed by Bajaj Allianz General Insurance Co. Ltd. against the common judgment and award of the Motor Accident Cl...

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Bombay High Court Dismisses Petitions Challenging Transfer of Zilla Parishad Teachers to State Government — Transfer Policy Upheld as Administrative Decision Not Requiring Prior Consultation with Teachers' Unions.

The petitioners, various teachers' unions and associations, filed writ petitions challenging the transfer of Zilla Parishad primary school teachers to...

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Bombay High Court Allows Summary Judgment for Debenture Trustee in Recovery Suit Against Corporate Guarantor. Defendant's Triable Issues Found to be Sham and Moonshine, Entitling Plaintiff to Judgment Under Order 37 CPC.

The plaintiff, IDBI Trusteeship Services Ltd., filed a summary suit under Order 37 of the Code of Civil Procedure, 1908, against the defendant, Hubtow...

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Bombay High Court Dismisses ONGC's Challenge to Arbitral Award in Casing Pipes Supply Dispute. Liquidated Damages Deduction Set Aside as No Actual Loss Proven Under Section 74 of the Indian Contract Act, 1872.

The case involves a dispute between Oil and Natural Gas Corporation Limited (ONGC), the petitioner, and Oil Country Tubular Limited, the respondent, a...