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Bombay High Court Dismisses Petition Challenging Eligibility of Members to Vote in Cooperative Society Elections. Membership Duration Under Section 27(3-A) of Maharashtra Cooperative Societies Act, 1960 Computed from Date of Enrollment or Resolution Admitting Member, Whichever is Earlier.

The petitioners, who are members of Shri Balaji Sahkari Doodh Utpadak Sanstha (a cooperative milk producers society registered under the Maharashtra C...

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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 ...

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Bombay High Court Quashes IDBI Bank's Wilful Defaulter Declaration Against Non-Executive Director. The Court Holds that Failure to Provide Copies of Documents and Fair Hearing Violates Principles of Natural Justice and RBI Guidelines.

Background: The writ petition was filed by a non-executive director of Ruchi Soya Industries Limited, a public listed company, challenging his declara...