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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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Special Court at Bombay Delivers Judgment in Securities Fraud Case — Accused Face Charges Under IPC and Prevention of Corruption Act for Cheating, Forgery, and Criminal Conspiracy

This criminal case arises from the 1992 securities scam, which severely impacted India's economy. The prosecution alleged that multiple accused person...

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Bombay High Court Quashes Process Issuance for Offences of Cheating and Forgery on Second Complaint Filed Without Disclosing Dismissal of Earlier Complaint. Second Complaint on Same Facts Not Maintainable in Absence of Exceptional Circumstances, Held Abuse of Process.

The petition under Article 226 of the Constitution of India read with Section 482 of the Code of Criminal Procedure, 1973, challenged the order of the...

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Karnataka High Court Considers Challenge to Land Acquisition Under BDA Act; Scheme for BTM Layout Allegedly Lapsed. Petitioners Sought Declaration That Acquisition Lapsed Under Section 27 of Bangalore Development Authority Act, 1976 Due to Failure to Substantially Implement Scheme.

The writ petition was filed before the Karnataka High Court under Articles 226 and 227 of the Constitution of India by land owners whose property was ...

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High Court of Bombay at Nagpur Heard a Batch of Writ Petitions Filed by Individuals Employed in Schools Against the State of Maharashtra and Education Department. Petitioners Sought Directions Regarding Their Service Conditions and Salary.

The matter involves a batch of writ petitions filed by several teachers and staff members of various private primary schools in the Nagpur region. The...

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CONTEMPT PETITION NO.2 OF 2015

The petitioner filed a contempt petition alleging willful disobedience of a direction in an order dated 21.10.2013, passed in Company Application (L) ...

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Supreme Court Allows Claimant in Motor Vehicle Accident Case on Territorial Jurisdiction Grounds. Territorial Jurisdiction Objection Overruled as Procedural Under Section 166 of Motor Vehicles Act, 1988, Following Precedent in Malati Sardar v. National Insurance Company Ltd.

The appeal arose from a motor vehicle accident where the appellant's son died after being hit by a tractor driven recklessly by the first respondent. ...