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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Bombay High Court Partly Allows Promoter's Appeal in RERA Interest Case. Appellate Tribunal's Suo Motu Adjudication on Termination of Agreement Set Aside as Without Jurisdiction.

The case involves an appeal under Section 58 of the Real Estate (Regulation and Development) Act, 2016 (RERA Act) filed by Satyam Developers, the prom...

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Supreme Court Allows Appeals by DISCOMs and Generating Companies in Electricity Tariff Dispute — Change in Law Compensation for Coal Shortfall Must Be Computed Based on Actual GCV and SHR as per PPAs.

The judgment involves two civil appeals concerning the determination of compensatory tariff for Change in Law events under long-term Power Purchase Ag...

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Supreme Court Partially Strikes Down FCRA Amendment Act 2020 — Ban on Transfer of Foreign Funds and Mandatory Aadhaar Held Unconstitutional. The court upheld the requirement of a single FCRA account at SBI New Delhi as a reasonable regulatory measure to prevent misuse of foreign funds.

The judgment deals with a batch of writ petitions challenging the constitutional validity of certain amendments made to the Foreign Contribution (Regu...

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High Court Directs State to Establish Real Estate Regulatory Authority and Appellate Tribunal Under RERA, 2016 — Mandamus Issued for Compliance with Section 20(1).

The petitioner, M/s. Panchmal Properties, a proprietorship concern represented by its proprietrix Ms. Preeti Shenoy, filed a writ petition under Artic...

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High Court of Karnataka Dismisses Challenge to KERC Order on Cross-Subsidy Surcharge for Open Access Industrial Consumers. Cross-Subsidy Surcharge Upheld as Valid Regulatory Measure Under Sections 42, 61, 62, 86 of Electricity Act, 2003.

The petitioner, Star Metallics and Power Private Limited, an industrial consumer of electricity, filed writ petitions under Articles 226 and 227 of th...