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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Contractual Bar on Pendente Lite Interest: Strict Construction Required Under Arbitration Act, 1940. Supreme Court Upholds Arbitrator’s Power to Award Interest Unless Expressly Barred in Contract

Arbitration Act1940 Act: Arbitrator has inherent power to award pendente lite interest unless expressly barred by contract (Para 8, 10). Strict Co...

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Supreme Court Upholds Kerala High Court’s Decision: Syrang’s Licence Holder Ineligible for Lascar Post. Statutory Qualifications Prevail Over Higher Competency – Non-Joinder of Necessary Party Fatal to Appellant’s Case.

Essential Qualifications: Statutory rules prescribing specific qualifications cannot be diluted by executive interpretation (Paras 20–22). Equality ...

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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Supreme Court Restores Sessions Judge’s Order Summoning Additional Accused Under Section 319 CrPC. Revisional Jurisdiction Misapplied – High Court’s Interference Unwarranted

Power Under Section 319 CrPC: The Supreme Court reiterated the principles laid down in Hardeep Singh v. State of Punjab (2014) 3 SCC 92, holding tha...