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Supreme Court Allows Appeal Against Execution of Arbitration Award as Specific Performance of Agreement for Sale. Arbitration Award Only Fixed Land Price; Executing Court Could Not Direct Sale Deed Execution Beyond Award's Scope.

The Supreme Court allowed the appeal filed by Firm Rajasthan Udyog and its partners against Hindustan Engineering & Industries Ltd. The dispute origin...

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Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute — Violation of NSEIL Rules Renders Award Contrary to Public Policy. Trading Member's Squaring Off of Defaulting Client's Position Upheld as Permissible Under Bye-Laws, Award of Damages for Loss of Higher Price Set Aside.

The petitioner, M/s. Ventura Securities Limited, a trading member of the National Stock Exchange of India Ltd. (NSEIL), challenged an arbitral award d...

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Gujarat High Court Allows Appeal in Land Acquisition Case, Enhances Compensation to Rs. 1,500 per sq m. Following Division Bench Precedent, Court Sets Aside Reference Court Award and Determines Higher Market Value for Acquired Land in Village Shahpur.

The case involves a first appeal under Section 54 of the Land Acquisition Act, 1894, filed by the legal heirs of Patel Somabhai Khusaldas and others a...

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Bombay High Court Allows Writ Petition for Compensation in Land Acquisition Case Due to Unauthorized Possession and Lapsed Proceedings. Possession taken in 2001 without acquisition; court directs compensation under 2013 Act with interest from date of possession.

The petitioners, four agriculturists from village Koradgaon Hilalpur, owned agricultural land admeasuring 1 hectare 73 ares (4 acres 13 ares) out of G...

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Special Court Convicts Broker and Beneficiaries in BMC Bank Securities Fraud; Acquits Employees and Other Brokers. Broker Held Liable for Dishonest Receipt of Stolen Property Under Section 411 IPC, While Beneficiaries Convicted of Cheating Under Section 420 IPC.

The case involved a criminal trial before the Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 19...

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High Court of Karnataka Quashes Execution Court Order in Land Acquisition Reference — Directs Deposit of Enhanced Compensation as Per Original Award. Execution Court Exceeded Jurisdiction by Recomputing Compensation Contrary to Final Judgment Under Section 18 of Land Acquisition Act, 1894.

The petitioners, claimants in a land acquisition reference under Section 18 of the Land Acquisition Act, 1894, obtained a judgment and award dated 07....

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Bombay High Court Allows Appeal by Acquiring Body in Land Acquisition Compensation Case Due to Reliance on Post-Notification Sale Deed. Reference Court's award set aside as sale deed dated after Section 4 notification was not a valid comparable instance under the Land Acquisition Act, 1894.

The appellant, Vidarbha Irrigation Development Corporation (VIDC), filed an appeal against the judgment of the reference Court in LAC No. 660 of 2007,...

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Supreme Court Dismisses Appeals Challenging Wakf Board Notification Including Service Inam Lands in Dargah Property. Errata Notification Adding Lands to Wakf Property Upheld as Valid Exercise of Power Under Wakf Act, 1995.

The Supreme Court dismissed a batch of civil appeals challenging an order of the Andhra Pradesh High Court that upheld an Errata Notification issued b...

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Bombay High Court Allows Appeal in Land Acquisition Case — Compensation for Severance of Property Not Payable Under Section 23(1) of Land Acquisition Act, 1894. Court holds that cost of constructing a culvert to connect severed portions is not a separate head of compensation under the Act.

The case involves an appeal by the Executive Engineer and Special Land Acquisition Officer against the judgment of the Reference Court dated 6/01/2005...