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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Bombay High Court Issues Rule in Writ Petition Challenging Orders Restricting Redevelopment of Cooperative Society under PWR-219 Scheme. Court frames issues regarding requirement of prior permission from Social Welfare Department for redevelopment using additional FSI/TDR.

The writ petition under Article 226 of the Constitution of India was filed by a co-operative housing society challenging orders dated 8 June 2016 and ...

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Bombay High Court Examines Cut-off Date for Workmen Dues in Winding Up of Swadeshi Mills. Official Liquidator's Calculation Up to Appointment of Provisional Liquidator Challenged by Workmen Seeking Dues Up to Winding Up Order.

The matter concerns a company application filed by five workmen of M/s Swadeshi Mills Co. Ltd., which was wound up. The company had approximately 2970...

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Bombay High Court Quashes Entry of Petitioner as Suspect in Charge-Sheet Holding Naming Suspect Without Evidence Illegal. Describing Person as Suspect in Police Report Under Section 173 CrPC Violates Procedure Established by Law and Right to Reputation Under Article 21.

The dispute arose from the Maharashtra Public Service Commission (MPSC) paper scam case. The Anti-Corruption Bureau (ACB) registered an FIR on 20 June...

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Supreme Court Allows State Appeals in Land Acquisition Case — Doctrine of Legitimate Expectation Cannot Override Statutory Acquisition Process. Industrial Development Constitutes Valid Public Purpose Under Land Acquisition Act, 1894.

The appeals arise from a common judgment of the Uttarakhand High Court dated 02.11.2018, which dismissed the appeals filed by the appellants (the Stat...

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High Court of Bombay Admits Appeal and Grants Rule in Writ Petitions Seeking Release of Undertrial on Medical Grounds. Court Examines Right to Health and Interim Bail for Prisoner Aged 81 with Multiple Ailments Under NIA Act and UAPA.

The High Court of Judicature at Bombay, Criminal Appellate Jurisdiction, considered an appeal and two writ petitions concerning the custody of Dr. P.V...

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High Court of Bombay Delivers Judgment in Writ Petition Challenging Revocation of Slaughter Licenses by Municipal Corporation; Questions of Arbitrariness and Natural Justice Violation Examined Under Mumbai Municipal Corporation Act, 1888.

The Bombay Suburban Khatik Association, an association of butchers and mutton vendors, filed a writ petition under Article 226 of the Constitution cha...

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Deemed Conveyance under MOFA Cannot Be Set Aside Merely on Technical Objections When Developer Fails to Execute Conveyance – Bombay High Court

The dispute arose when a cooperative housing society sought deemed conveyance of the land and building from the developer who had failed to execute th...