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Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...

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Bombay High Court Admits Central Excise Appeal on Conditional Exemption and Cenvat Credit. The Appeal Raises Substantial Questions of Law Regarding Notification No.6/2006-C.E. and Credit on Aggregates Used in Export.

The Bombay High Court heard a central excise appeal filed by Mahindra & Mahindra Ltd. against the Commissioner of Central Excise, Mumbai-V. The appell...

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Bombay High Court Quashes LAO's Apportionment Order in Highway Acquisition — Directs Reference to Civil Court Under Section 19C(4) of Maharashtra Highways Act, 1955. Dispute over compensation apportionment between partnership firm and its individual partners requires adjudication by civil court, not LAO.

The petitioners, Pravin Girish Chamaria and Nishit Bechar Patel, along with respondents 4 and 5 (Dilip Prabhakar Kudalkar and Jagdish Shashikumar Raje...

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High Court of Gujarat Allows Appeal in Land Acquisition Reference Case Due to Limitation Issue — Notice Under Section 12(2) Not Served. Limitation for Reference Begins Only Upon Receipt of Notice Under Section 12(2) of the Land Acquisition Act, 1894.

The case involves a first appeal filed by the heirs of the original claimant, Pagi Bhemaji Dhiraji (since deceased), challenging the judgment and orde...

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High Court of Bombay Allows Section 37 Appeals, Directs Inclusion of Solatium in National Highways Acquisition Awards. Omission of 30% Solatium Held to be a Computational Error Rectifiable Under Section 34 of Arbitration and Conciliation Act, 1996.

Background: The matters involved a batch of appeals under Section 37 of the Arbitration and Conciliation Act, 1996, challenging arbitral awards that d...

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High Court of Bombay at Goa Allows Appeals in Land Acquisition Compensation Case — Enhances Compensation for Acquired Agricultural Land. Market value determined based on comparable sale instances and potential for development, applying multiplier method under Land Acquisition Act, 1894.

The case involves two appeals arising from a common judgment and award dated 10th September 2003 passed by the Additional District Judge, Mapusa, in L...