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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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High Court of Karnataka Allows Canara Bank's Writ Petition Seeking Removal of Encumbrance Created by Commercial Tax Department on Mortgaged Property. Priority of Bank's Mortgage Over Statutory Charge Under Karnataka Value Added Tax Act, 2003 Upheld.

The petitioner, Canara Bank, filed a writ petition under Articles 226 and 227 of the Constitution of India seeking a writ of mandamus directing the St...

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Madras High Court Dismisses Revenue's Appeals in Insurance Company Tax Case — Upholds ITAT Order on Disallowance of Claims and Deductions. The court held that the assessee's method of accounting for outstanding claims and the deduction under Section 80M were correctly allowed by the Tribunal.

The case involves a batch of appeals filed by the Principal Commissioner of Income Tax, Chennai, under Section 260A of the Income Tax Act, 1961, again...

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Madras High Court Allows Kidney Transplant Petition Without Spousal NoC Under Transplantation of Human Organs and Tissues Act, 1994 — Spousal Consent Not Required for Organ Donation Where Donor is Competent and Willing.

The petitioners, M.Maya Boopathi (first petitioner) and C.Sudarmani Nathan (second petitioner), filed a writ petition under Article 226 of the Constit...

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Bombay High Court Dismisses Appeal in Trade Secret Misappropriation Case — No Prima Facie Case for Injunction Against Nasal Spray NOXGUARD. Confidentiality Agreement Did Not Cover Information Allegedly Misused; Appellant Failed to Establish That Respondents Used Its Confidential Information.

The Appellant, SaNOtize Research and Development Corp., a Canadian corporation, filed a Commercial Appeal against an order dated 21st October 2021 dis...

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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 ...