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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Bombay High Court Dismisses Writ Petition Challenging Industrial Court Order on Retirement Age of Workmen. Workmen who opted for NTC service conditions cannot claim retirement at 60 years under earlier settlement and award.

The petitioners, workmen of India United Mills, Mumbai, which was taken over by the National Textile Corporation under the Sick Textiles Undertakings ...

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Madras High Court Allows Employer's Writ for ABRY Scheme Benefits — Late ECR Filing Not Fatal to Claim. Clause 5 of ABRY Scheme 3.0 Interpreted as Directory, and Baseline Employees Cannot Be Reduced Retrospectively by EPFO.

The petitioner, Lakshmi Electrical Drives Corporate Services LLP, a manpower services provider in Tamil Nadu, filed a writ petition under Article 226 ...

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Bombay High Court Allows Insurance Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased Driver. Claimants' Cross-Objection for Enhanced Compensation Dismissed as Deceased's Own Negligence Contributed to Accident.

The case arises from a motor accident claim where the deceased, Samsuddin Ansari, died in a truck accident. The claimants, being the wife, minor child...

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Bombay High Court Allows Insurance Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased Driver. Claimants' Cross-Objection for Enhanced Compensation Dismissed as Deceased's Own Negligence Was Established.

The case arises from a motor accident claim filed by the legal heirs of Samsuddin Ansari, who died in a collision between a truck (MP-20-HB-5499) and ...