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Supreme Court Allows Appeal, Upholds Arbitral Award Holding Husband Jointly and Severally Liable for Wife's Debit Balance in Stock Trading Account — Oral Contract for Joint Liability Falls Within Scope of BSE Bye-law 248(a) Arbitration Clause.

The Supreme Court allowed the appeal filed by AC Chokshi Share Broker Private Limited against the order of the Bombay High Court's division bench, whi...

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Supreme Court Disposes of Appeals in Competing Takeover Offer Dispute Under SEBI Takeover Regulations — Interim Directions Issued Pending SEBI's Decision on Date of Public Announcement and Exemption Application.

The Supreme Court disposed of two civil appeals arising from Special Leave Petitions concerning competing open offers under the SEBI (Substantial Acqu...

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Bombay High Court Dismisses Developer's Challenge to SRA Order in Slum Rehabilitation Scheme. CEO's Direction to Process Letter of Intent Upheld as 70% Consent of Eligible Members Was Validly Obtained Under DCR 33(10).

The case involves a slum rehabilitation scheme under DCR 33(10) of the Development Control Regulations for Greater Mumbai. The petitioners, Lokhandwal...

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High Court of Karnataka Dismisses BBMP Appeal Against Single Judge Order Directing Regularisation of Unauthorised Construction Under Section 321 of KMC Act. Contempt Petition Closed as Compliance Achieved During Pendency of Appeal.

The case involves a writ appeal filed by the Bruhath Bengaluru Mahanagara Palike (BBMP) against an order dated 29.05.2024 passed by a learned Single J...

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Bombay High Court Quashes FIR Against HDFC Bank Executive in Cheque Dishonour Case — Donation Not a Legally Enforceable Debt Under Section 138 NI Act. Court held that a cheque issued as a donation without existing liability does not attract penal provisions under Negotiable Instruments Act, 1881.

The petitioner, Sashidhar Jagdishan, an individual aged 79 years and an executive at HDFC Bank, filed a criminal writ petition under Article 226 of th...