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Supreme Court Remands NSE Penalty Case to SAT for Reconsideration of Quantum of Punishment. Circular vs Bye-law Conflict on Suspension and Fine Limits Requires Fresh Examination.

The Supreme Court of India heard a civil appeal filed by M/s PRRSAAR through its proprietor Ved Prakash Gupta against the National Stock Exchange of I...

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Bombay High Court Quashes Criminal Proceedings Against Manager in Cheating Case Due to Lack of Specific Allegations. Complaint under Sections 406, 409, 420, 468, 471, 120B, 34 IPC Quashed as Abuse of Process Under Section 482 CrPC.

The applicant, Dinesh Kashiram Mange, filed a criminal application under Section 482 of the Code of Criminal Procedure, 1973 before the Bombay High Co...

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Bombay High Court Allows Writ Petition by Mutual Fund Against Sales Tax Reassessment Orders — Holds Mutual Fund Not a Dealer Under MVAT Act, 2002. Reassessment Proceedings Initiated Beyond Limitation Period and Without Proper Sanction Are Invalid.

The petitioner, Axis Mutual Fund, filed a writ petition under Article 226 of the Constitution of India challenging several orders passed by the sales ...

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Bombay High Court Dismisses Revenue's Reference Application in Customs Duty Evasion Case Due to Inordinate Delay. Application filed under Section 130 of Customs Act, 1962 for reference of questions of law from CEGAT order held time-barred as delay of 240 days not explained.

The Commissioner of Customs (Import) filed an application under Section 130 of the Customs Act, 1962 seeking a reference to the High Court of certain ...