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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Bombay High Court Quashes Land Acquisition Under MHADA Act Due to Non-Compliance with Section 41(1) Proviso and Lapse of Urban Land Ceiling Proceedings. Acquisition Notification Held Invalid as Land Already Vested in State Under Urban Land Ceiling Act Was Not Available for Acquisition Under MHADA Act.

The case involves a challenge to the acquisition of land bearing Survey No. 113/3 and 115/6 at Solapur under the Maharashtra Housing and Area Developm...

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High Court of Karnataka Dismisses Appeals in Property Dispute, Upholds Trial Court's Partial Decree for Declaration, Injunction, and Partition. Appellants failed to prove title and possession over suit property, and trial court's findings were based on proper appreciation of evidence under Section 96 CPC.

The case involves two Regular First Appeals filed under Section 96 of the Code of Civil Procedure, 1908, against the judgment and decree dated 26.02.2...

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High Court of Karnataka Dismisses Appeal in Gram Panchayat Election Tie-Breaker Case — Returning Officer's Decision to Draw Lots Upheld. Rule 73 of Karnataka Panchayat Raj (Conduct of Election) Rules, 1993 Provides for Determination of Result by Lot When Candidates Secure Equal Votes.

The appellant, Chandrakala, contested the Gram Panchayat election for Ward No.6 of Degalmadi Gram Panchayat. On 30.12.2020, the Returning Officer (res...

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Karnataka High Court Hears Appeals on Will Validity and Succession Rights Under Hindu Succession Act. Court Considers Limitation and Absolute Ownership of Widow's Property Under Section 14.

The plaintiff, daughter of late S. Venkobanna Setty, filed two suits concerning a property acquired by her father. The father married twice; the plain...

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Bombay High Court Considers Application for Rejection of Plaint Based on Unregistered Lease and Determination of Lease. Court Examines Whether Plaint Discloses Cause of Action for Specific Performance and Monetary Claims Under Order VII Rule 11 CPC.

The case involved a suit for specific performance and a money decree filed by Export Credit Guarantee Corporation of India Ltd (plaintiff) against the...