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Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...

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Supreme Court Dismisses Petitions in PMLA Case, Upholding High Court's Order with Costs. High Court's dismissal of writ petitions seeking quashing of ECIR and prosecution complaint under Prevention of Money Laundering Act, 2002, was justified as petitions lacked merit and were not maintainable.

The dispute arose from petitions filed by Anoop Bartaria, Director of World Trade Park Ltd., and the company itself, challenging a common judgment and...

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Supreme Court Dismisses Developer's Appeals in Consumer Dispute Over Delayed Housing Project. Developer's liability to refund allottees upheld due to breach of construction timeline under Tripartite Agreement, with consumer fora jurisdiction affirmed despite arbitration clause.

The dispute arose from a housing project named 'Pride Asia' in Chandigarh, where the Chandigarh Housing Board (CHB) was appointed as the nodal agency ...

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Bombay High Court Dismisses Petition Challenging Arbitral Award in Television Production Dispute — Rejects Claim for Loss of Reputation. Court upholds arbitral tribunal's finding that claimant failed to prove loss of reputation due to alleged breach of contract.

The petitioners, Star India Private Limited, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral ...

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Bombay High Court Dismisses Plaintiff's Claim for Short Delivery of Urea Due to Lack of Title to Sue Under Bill of Lading. Plaintiff Not a Party to Bill of Lading and Cannot Maintain Admiralty Action for Short Landing.

The plaintiff, Dreymoor Fertilizers Overseas Pte. Ltd., filed an admiralty suit against the vessel m.v. Theoforos-1 claiming short delivery of 520.30 ...