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Bombay High Court Allows DNB Trainees' Petitions Against NBE Communication Denying Registration for July 2010 Session. Court Holds That NBE's Communication Was Arbitrary and Violative of Principles of Natural Justice as It Was Issued Without Prior Notice or Opportunity of Hearing.

The judgment concerns a batch of nine writ petitions filed by doctors challenging a communication dated 14 June 2011 issued by the National Board of E...

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Bombay High Court Dismisses Appeal Against Arbitral Tribunal's Interim Order in Bank Guarantee Dispute. Court upholds restraint on encashment of bank guarantee subject to deposit of amount, finding no perversity in the Tribunal's order under Section 37 of the Arbitration and Conciliation Act, 1996.

The petitioner, Mahaguj Collieries Limited, filed two arbitration petitions under Section 37 of the Arbitration and Conciliation Act, 1996, challengin...

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Bombay High Court Partially Allows Appeal Against Arbitral Tribunal's Interim Order in Commercial Arbitration Dispute. Court upholds Tribunal's power to grant interim relief under Section 17 of Arbitration and Conciliation Act, 1996, but modifies order to balance interests of both parties.

The judgment arises from two commercial arbitration petitions filed by Mahaguj Collieries Limited (the petitioner) under Section 37 of the Arbitration...

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Bombay High Court Allows Writ Petition Challenging Denial of Promotion to Branch Manager in Shabari Tribal Financial Development Corporation Ltd. — Held that Petitioner's Candidature for Promotion to Class-I Post Must Be Considered as Per Recruitment Rules.

The petitioner, Shridhar Sambhaji Dhale, possessed a Master's degree in Commerce and joined as Junior Assistant in 1979 with the Maharashtra State Co-...

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...