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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 Quashes Criminal Proceedings Against Director in Legal Metrology Act Case Due to Lack of Specific Allegations. Vicarious Liability Not Established Under Section 49 of Legal Metrology Act, 2009

The judgment involved a criminal application filed by Applicant challenging proceedings under the Legal Metrology Act, 2009, for alleged packaging vio...

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Supreme Court Dismisses Appeal by Haryana Utilities Against APTEL Order on Tariff Revision for Adani Power. Court upholds CERC's power to grant compensatory tariff under Section 63 of Electricity Act, 2003 due to change in law and force majeure events.

The present appeal arises from a judgment of the Appellate Tribunal for Electricity (APTEL) dated 3rd November 2020, which dismissed the appeal filed ...

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Supreme Court Allows Appeal in Arbitration Clause Validity Dispute Under Lease Agreement. The arbitration clause designating the lessee's Managing Director as sole arbitrator is upheld as valid under the Arbitration and Conciliation Act, 1996, absent contravention of public policy.

The Supreme Court heard appeals by Indian Oil Corporation Limited against a judgment of the Bombay High Court. The dispute arose from a lease agreemen...

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High Court of Judicature at Bombay Nagpur Bench Adjudicates Challenge to Declaration of Chandrapur as Dry District Under Maharashtra Prohibition Act, 1949. Order Dated 05.03.2015 and Section 139(1)(a) of the Act Challenged as Violative of Article 14 of the Constitution.

This batch of writ petitions challenged the declaration of Chandrapur as a dry district. The petitioners, holders of licenses under the Maharashtra Pr...

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Bombay High Court Hears Writ Petition Challenging Charity Commissioner’s Sanction for Sale of Trust Property. Court’s Determination Not Included in the Provided Judgment Fragment.

The matter arose from an application filed by the trustees of a registered public trust before the Charity Commissioner seeking prior sanction for sal...

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High Court of Karnataka Quashes Criminal Proceedings Against Directors in Legal Metrology Case — Lack of Vicarious Liability. Directors of Colgate Palmolive cannot be prosecuted under Section 36 of Legal Metrology Act, 2009 without specific averments of their role in the offence.

The petitioners, including directors and former directors of Colgate Palmolive (India) Limited, along with a proprietor and a distributor, filed a pet...

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Bombay High Court Considers Challenge to Maharashtra Excise Notifications Discriminating Against Imported Wines. Petitioner contends that the impugned notifications violate GATT national treatment principle and constitutional rights under Articles 14, 19(1)(g) and 253.

The writ petition before the Bombay High Court involved a challenge by an importer of foreign wines, holding an FL-I licence, to several notifications...