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High Court of Bombay Hears Petition to Quash Criminal Proceedings Based on SEBI Consent Order. The Court Reviews the Effect of Consent Order under Sections 11 and 11B of the SEBI Act on Pending Trial for Offences under Indian Penal Code and Prevention of Corruption Act.

The petitioner, an accused in two criminal cases arising from alleged illegalities in the Initial Public Offerings (IPOs) of Yes Bank Limited and Infr...

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Bombay High Court Dismisses Appeal for Recovery of Fishing Rights Compensation Due to Lack of Evidence of Loss. Agreement for fishing rights at sluice gates did not confer exclusive rights, and plaintiff failed to prove actual loss from alleged breach.

The appellant, originally Orlando Dias and later his widow Maria Fausta Dias, filed a first appeal against the judgment and decree dated 29/10/2005 of...

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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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Bombay High Court Dismisses Petition Challenging Industrial Court Order for Reinstatement with Full Back Wages. Termination of Workmen Held to Be Colourable Exercise of Employer's Rights and Victimization Under Industrial Disputes Act, 1947.

The petitioner, Anglo French Drugs & Industries Ltd., challenged an order of the Industrial Court dated 11th April 2002, which allowed a revision appl...

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Karnataka High Court Delivers Judgment in State Appeal Against Acquittal of Accused in Murder Case. Alleged Killing of Mistress by Pouring Kerosene and Setting Ablaze Over Suspicion of Infidelity.

The case arises from an appeal by the State of Karnataka against the judgment of acquittal dated 27.09.2015 passed by the II Additional District and S...

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High Court of Bombay Dismisses Employer's Petition Challenging Regularization of Contract Labour as Permanent Workmen. Employer Failed to Prove Genuineness of Contract Labour System, and Concurrent Findings of Fact by Industrial Tribunal and Appellate Authority Were Not Perverse.

The case involves a writ petition filed by Western Coalfields Limited (the employer) under Articles 226 and 227 of the Constitution of India challengi...

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Bombay High Court Rejects Second Bail Application in Economic Offence Case Due to No Change in Circumstances. Applicant's Role as Director in Fraudulent Transactions Upheld; Gravity of Offence Precludes Bail.

The applicant, Waryam Singh Kartar Singh, filed a second bail application under Section 439 of the Code of Criminal Procedure, 1973, in connection wit...

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Supreme Court Allows Appeal and Orders CBI Investigation into Death of Judicial Officer's Wife Due to Suspicious Circumstances and Ante-Mortem Injuries. Apprehension of Bias and Influence by Senior Judicial Officer Justifies Transfer of Investigation to Independent Agency.

The case pertains to the death of Ms. Ranjana Diwan, wife of respondent no.7, a senior judicial officer in Chhattisgarh. The appellants, mother and br...

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Bombay High Court Dismisses Revenue's Writ Petition Challenging Settlement Commission's Order Allowing Settlement Application. Settlement Commission's Finding of Full and True Disclosure of Income by Assessee in Case of Alleged Bogus Purchases Upheld Under Section 245D of Income Tax Act, 1961.

The Commissioner of Income Tax, Mumbai, filed a writ petition under Article 226 of the Constitution of India challenging two orders passed by the Inco...