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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 Allows Appeal in Part and Enhances Compensation in Motor Accident Claim — Insurance Company Liable for Third-Party Risk Despite Alleged Breach of Policy Conditions. Parents of Deceased Awarded Enhanced Compensation with Interest Under Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by the parents of Shreyans Udaybabu Shah, who died in a car accident on 23.02.2013. The deceased was...

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High Court of Bombay Hears Appeal Against Conviction Under Prevention of Corruption Act. Accused Contends Non-Proof of Bribe Demand and Admission of Loan Repayment by Complainant.

The appeal arose from the judgment and order dated 29.03.2005 in Special Case No.26/2003 passed by the Special Judge at Aurangabad, convicting the app...

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High Court of Karnataka Dismisses Corporation's Petition Challenging Labour Court Award of Reinstatement to Trainee Driver. Trainee driver held to be a 'workman' under Industrial Disputes Act, 1947, and termination without enquiry set aside.

The petitioner, North West Karnataka Road Transport Corporation, challenged two separate orders of the Principal Labour Court, Hubli, which had direct...