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Bombay High Court Quashes NSE Stop Transfer Order and Directs Issuance of Duplicate Share Certificates — NSE Cannot Invoke Section 108 of Companies Act, 1956 to Freeze Shares of a Non-Defaulting Shareholder.

The petitioner, Aloysius D'Souza, acquired shares of Dr. Reddy's Laboratories Ltd. between 1986 and 1997. In 2007, he applied for duplicate share cert...

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Bombay High Court Quashes Reassessment Notices in Income Tax Case Due to Lack of Independent Application of Mind by AO. Dividend Stripping Provision Under Section 94(7) of Income Tax Act, 1961 Not Applicable Where Assessee Suffered Net Loss on Sale of Mutual Fund Units Exceeding Dividend Received.

The petitioner, Karan Maheshwari, an individual investor in shares, stocks, securities, and mutual funds, challenged a show cause notice dated 20 Augu...

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Bombay High Court Grants Anticipatory Bail to Accused in Cheating and Forgery Case — Investigation Complete and Offences Triable by Magistrate. Custodial Interrogation Not Required Under Section 438 CrPC for Offences Under Sections 420, 467, 468, 471 IPC.

The judgment concerns three criminal applications for anticipatory bail under Section 438 of the Code of Criminal Procedure, 1973, filed by applicants...

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Bombay High Court Allows PIL for Rehabilitation of Abandoned Mining Areas in Netravali Wildlife Sanctuary. Court Directs Preparation and Implementation of Restoration Plan Using CAMPA and District Mineral Foundation Funds Under Wildlife Protection Act, 1972.

The petitioners, the Wildlife of Netravali Wildlife Sanctuary through the Goa Foundation, filed a Public Interest Litigation seeking directions for th...

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Bombay High Court Dismisses Appeal Against Attachment Before Judgment in Recovery Suit by Financial Institutions. Non-Compliance With Order 38 Rule 5A CPC Does Not Invalidate Order Absent Prejudice.

The appeal arises from a suit filed by financial institutions (respondents 2 to 12) against J.K. Synthetics Limited (appellant) for recovery of dues. ...