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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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High Court of Bombay Adjudicates Writ Petition Against MMRDA Regarding Levy of Additional Premium on Leasehold Land. Petitioner Assails Demand Notice as Contrary to Lease Agreement and Arbitrary.

The Writ Petition was instituted challenging the Demand Notice dated 9th September 2014 issued by Respondent No.1 – Mumbai Metropolitan Region Devel...

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High Court Dismisses Appeal and Contempt Petition in Demolition Dispute -- Petitioner Challenge to BMC's Demolition Order Under BMC Act Fails, Contempt Allegations Rejected

The Appellant, filed an Appeal against the dismissal of a Notice of Motion seeking an interim injunction to restrain the Brihanmumbai Municipal Corpor...

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Bombay High Court Dismisses Petitions Challenging Disqualification of Panchayat Members for Non-Payment of Tax — Failure to Pay Property Tax Constitutes Disqualification Under Section 14(1)(j) of Maharashtra Village Panchayats Act, 1959.

The case involves two writ petitions filed by Sandip Ganpatrao Bhadade and Sau. Sangita Vijay Choudhary, who were elected as members of the Gram Panch...

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Bombay High Court Considers Winding Up Petition Under the Companies Act, 1956, on Grounds of Loss of Substratum and Insolvency Due to Quashing of 2G Licenses; Final Disposition Not Extracted. Allegations of Dysfunctional Board and Insolvency Form Basis of Just and Equitable Winding Up Claim.

This Company Petition was filed by Etisalat Mauritius Ltd. (Petitioner), a wholly owned subsidiary of Emirates Telecommunications Corporation, seeking...

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High Court Hears Public Interest Litigation Challenging Closure of Pathway and Old Bridge by Power Company; Issue of Whether Spillway is Public Road and Whether Closure is Unauthorised Considered

The dispute arose from a public interest litigation filed by a retired municipal engineer and resident of Lonavala, challenging the closure of a pathw...