Search Results for "SEBI jurisdiction"

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Search Results for "SEBI jurisdiction"

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High Court

High Court Sets Aside Arbitral Award in Arbitration Petition Under Section 34 of Arbitration and Conciliation Act, 1996 Due to Lack of Counterclaim. The award was found patently illegal as it granted compensation to an investor who had not filed any claim or counterclaim, based on a misconception from conciliation proceedings.

17 Mar 2026

The dispute arose from a stockbroker's operational error in handling a Margin Trading Facility account for an investor, leading to the auction of shar...

High Court

Bombay High Court Dismisses Section 37 Appeal Against Arbitral Award in Stock Transaction Dispute — No Perversity or Wednesbury Unreasonableness Found. The Court held that a new argument not raised before the arbitrator or in Section 34 proceedings cannot be raised for the first time in a Section 37 appeal.

15 Apr 2024

The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by SATCO Capital Markets Ltd. against Rahul H Bajaj....

High Court

Bombay High Court Sets Aside Arbitral Award in Share Purchase Dispute for Patent Illegality and Perversity. The court found that the arbitrator's interpretation of a condition subsequent in a share purchase agreement was patently illegal and perverse, warranting interference under Section 34 of the Arbitration and Conciliation Act, 1996.

27 Mar 2019

The case involves a challenge under Section 34 of the Arbitration and Conciliation Act, 1996, to an arbitral award arising from a share purchase agree...

High Court

Bombay High Court Allows Writ Petition by Mutual Fund Against Sales Tax Reassessment Orders — Holds Mutual Fund Not a Dealer Under MVAT Act, 2002. Reassessment Proceedings Initiated Beyond Limitation Period and Without Proper Sanction Are Invalid.

6 Aug 2018

The petitioner, Axis Mutual Fund, filed a writ petition under Article 226 of the Constitution of India challenging several orders passed by the sales ...

High Court

Bombay High Court Dismisses Promoter's Challenge to Pledge of Shares During Lock-In Period — Pledge Held Valid as Lock-In Restricts Transfer of Title, Not Interest. Court Rules That Pledge Under Section 172 of Contract Act Does Not Violate SEBI ICDR Regulations, 2009.

5 Nov 2014

The plaintiff, Kannan Vishwanath, a promoter and managing director of Dr. Datson Labs Limited, filed a suit and notice of motion seeking a declaration...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Share Trading Dispute — Upholds Arbitrators' Findings on Contract Notes and Liability. Court holds that failure to object to contract notes within reasonable time amounts to acceptance under NSE Bye-Laws and that arbitral tribunal's findings on facts and law are not open to challenge under Section 34 of the Arbitration and Conciliation Act, 1996.

18 Jan 2014

The petitioner, Harinarayan Bajaj, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award date...

High Court

Bombay High Court Dismisses Appeal Against Arbitral Award in Share Transaction Dispute — Limitation Period Governed by Limitation Act, 1963 Pursuant to SEBI Circulars. The court held that SEBI circulars override stock exchange byelaws, and the claim filed within three years under the Limitation Act was not barred.

24 Jul 2013

The appeal arose from a judgment of a learned Single Judge dismissing a petition under Section 34 of the Arbitration and Conciliation Act, 1996. The a...

High Court

Bombay High Court Quashes Process Issued Against Petitioners in Maharashtra Fire Prevention Act Case — Lack of Sanction Under Section 36 Renders Complaint Invalid. Court held that prior sanction of the Commissioner is mandatory for prosecution under Sections 3(1), 3(3), 3(4) r/w 36 of the Maharashtra Fire Prevention and Life Safety Measures Act, 2006, and its absence vitiates the criminal proceedings.

6 May 2013

The petitioners, seven residents of Jolly Maker I Cooperative Housing Society in Mumbai, filed a writ petition under Article 227 of the Constitution o...

High Court

Bombay High Court Dismisses Section 9 Petition as Infructuous in Arbitration Award Enforcement Dispute — Pending Section 34 Challenge Renders Interim Relief Unnecessary. Court holds that an arbitral award is not enforceable under Section 36 of the Arbitration and Conciliation Act, 1996 while a Section 34 petition to set aside the award is pending, and thus a Section 9 petition for stay of the award is infructuous.

10 Mar 2011

The petitioner, Reliance Securities Limited, filed an Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking a sta...

High Court

Bombay High Court Confirms Reduction of Equity Share Capital of Wartsila India Limited — Court Approves Special Resolution for Reduction of Share Capital to Provide Exit to Minority Shareholders, Rejecting Oppression Allegations. The Court held that the reduction was bona fide and not oppressive, and confirmed the reduction under Section 100 of the Companies Act, 1956.

15 Nov 2010

The judgment concerns a Company Petition filed by Wartsila India Limited (WIL) seeking confirmation of a special resolution passed on 10th November 20...

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