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Supreme Court Dismisses Appeal Against SEBI Order Declaring Art Funds as Collective Investment Schemes. Trusts managing pooled investments in art works held to be Collective Investment Schemes under SEBI Act, 1992, despite being structured as trusts rather than companies.

The Supreme Court dismissed Civil Appeal No. 19936 of 2017 challenging the order of the Securities Appellate Tribunal which had upheld SEBI's directio...

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Supreme Court Allows Appeal of Former PNB MD & CEO Against Asset Freeze Orders in Gitanjali Gems Mismanagement Case. Section 241 Companies Act Powers Cannot Be Used to Attach Assets of Persons Unconnected with the Mismanaged Company.

The appeal was filed by Usha Ananthasubramanian, former Managing Director and CEO of Punjab National Bank (PNB), against orders of the NCLT and NCLAT ...

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Supreme Court Upholds Section 18A of SC/ST Act Against Challenge of Unconstitutionality — Amendment Restores Pre-Dr. Subhash Kashinath Position After Review

The petitioners challenged the constitutional validity of Section 18A of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 198...

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Supreme Court Dismisses Reference to Larger Bench in Pension Dispute of U.P. Avas Evam Vikas Parishad Employees. Preetam Singh Judgment Held Binding on State and Board Regarding Pension Scheme Implementation.

The Supreme Court heard a batch of special leave petitions arising from writ petitions filed by employees of the Uttar Pradesh Avas Evam Vikas Parisha...

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Supreme Court Dismisses Appeal of Coke Industry Against Coal India Over Pricing Dispute — Linked Price vs. Liberalised Sales Scheme (LSS) Price. Court Holds That Resolution of Linkage Committee Did Not Confer Right to Preferential Price, and Price Was to Be Charged as Prevalent at Any Point of Time.

The appeal arose from a dispute between M/s S.K.J. Coke Industries Ltd. and its predecessor Mahabir Coke Industries (appellants) and Coal India Ltd. a...

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Supreme Court Allows Writ Petition for Counting Pre-2000 Service for Pension of Supreme Court Legal Services Committee Employees. Service rendered prior to formal rules is qualifying service for pension due to continuity and uninterrupted employment.

The petitioners, serving and retired employees of the Supreme Court Legal Services Committee, filed a writ petition seeking counting of their entire s...

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Supreme Court Allows Appeal in Seniority Dispute of Absorbed Deputationist. Absorption on Own Request with Specific Conditions Precludes Claim for Seniority from Deputation Date.

The case involves a dispute over seniority between the appellant, Govinda Chandra Tiria, and the respondent, Sibaji Charan Panda, both Lower Division ...