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Supreme Court Allows Regulatory Appeal on Trial Forum under Securities and Exchange Board of India Act, 1992. Procedural Amendment to Section 26 by the 2002 Amendment Act Held Retrospective, and All Pending Trials for Pre-2002 Offences Must Proceed Before Special Court as per the 2014 Amendment.

The Supreme Court addressed a batch of appeals and writ petitions concerning the correct forum for trial of offences under the Securities and Exchange...

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High Court of Karnataka Decides Revenue's Wealth Tax Appeals Involving Definition of 'Assets'. The Appeals Challenge ITAT Orders Regarding Assessment Years 1999-2000 to 2004-05 under Section 2(ea) of Wealth Tax Act, 1957.

The High Court of Karnataka heard a batch of Wealth Tax Appeals filed by the Revenue under Section 27-A of the Wealth Tax Act, 1957, against the order...

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Bombay High Court Examines Challenge to SEBI Special Court's Rejection of Compounding Application Under Section 24A of SEBI Act. Writ Petition Filed Against Order Denying Compounding of Offence Under Section 24(2) for Non-Payment of Penalty Without SEBI Consent.

The case involved a criminal writ petition filed by N.H. Securities Ltd. and its directors seeking to quash an order of the SEBI Special Court that ha...

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Bombay High Court Quashes Criminal Proceedings Against Office-Bearers of Cooperative Housing Society; Holds Absence of Prima Facie Case Under SC/ST Act and MCOCA for Civil Dispute

The Bombay High Court, Aurangabad Bench, considered three proceedings: Criminal Application No.4144 of 2009, Criminal Application No.3304 of 2010, and...

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High Court of Gujarat Dismisses Writ Petition in Pipeline Right of User Dispute Due to Vague Averments. Landowners' Claim of Encroachment Beyond Acquired Area Under Petroleum and Minerals Pipelines Act, 1962 Fails as Pleadings Are Insufficient to Grant Mandamus.

The dispute arose from the acquisition proceedings under the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962, whereb...

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High Court of Karnataka Delivers Judgment in Appeal Against Dismissal of Suit for Recovery of Money Alleging Bank's Unauthorized Issuance of Demand Drafts from Cheque Mandate. The Appeal Involves Issues of Bank's Liability for Acting Contrary to Instructions Under Sections of Customs Act, 1962 and CPC.

The plaintiff, a registered company engaged in manufacturing television and monitor components, imported goods and stored them in a bonded warehouse. ...

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Bombay High Court Allows Retired Employee's Challenge to Continuation of Departmental Enquiry; Rules No Provision to Continue Enquiry After Superannuation. Employee Entitled to Full Retiral Benefits as MAIDC Rules Do Not Permit Post-Retirement Disciplinary Proceedings.

The petitioner, a former Regional Manager of the Maharashtra Agro Industries Development Corporation Limited (MAIDC), filed a writ petition seeking to...