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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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Supreme Court Allows Union of India's Appeals in Excise Duty Exemption Withdrawal Case — Doctrine of Promissory Estoppel Cannot Bar Withdrawal of Exemption in Public Interest. Public Interest Overrides Individual Interest When Withdrawal of Tax Exemption Is Based on Health Hazards.

The Supreme Court of India heard three civil appeals filed by the Union of India against judgments of the Sikkim High Court and the Gauhati High Court...

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Bombay High Court Dismisses Writ Petition Challenging Rejection of Upgradation from Group C to Group B — Petitioner Failed to Establish Entitlement to Upgradation Under Applicable Rules.

The petitioner, Mrs. Sheila Rajan, a retired employee, filed a writ petition challenging an order dated 23/02/2015 passed by Respondent No.2, which re...

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Bombay High Court Dismisses Petition Challenging Termination of Peon Appointed During Ban on Recruitment. Appointment of Petitioner as Peon was Subject to Approval and Violated Government Ban on Recruitment of Open Category Non-Teaching Posts Effective from 1st March 2000.

The petitioner, Ravindra Narayan Malap, was appointed as a peon by the respondent school management on 27th July 2000, subject to approval of the Educ...

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Bombay High Court Quashes Revisional Order Allowing Liquor Licence in Village Where Women's Gramsabha Resolution Banned Liquor — Held That Gramsabha Resolution Under Section 138 of Bombay Prohibition Act, 1949 Must Be Given Due Weight and Cannot Be Ignored by Revisional Authority.

The petitioners, residents of Village Chas (kaman), Taluka Khed, Dist. Pune, filed a writ petition under Articles 226 and 227 of the Constitution of I...