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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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High Court of Karnataka Allows Bank's Appeal in Bond Amount Recovery Dispute — Refund of Rs. 3,00,000 Set Aside. Clause 11(k) of Appointment Letter and Indemnity Bond Held Valid and Enforceable as Employee Resigned Before Completing Stipulated Service Period.

The case pertains to a writ appeal filed by Vijaya Bank (now Bank of Baroda) against an order of a learned Single Judge of the Karnataka High Court. T...

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Karnataka High Court Considers Quashing of FIR Alleging Extortion Racket in Electoral Bond Scheme. Former BJP State President Challenges Registration of Crime Under Sections 384, 120B, 34 IPC Based on Private Complaint.

The petitioner, a former Member of Parliament and State President of BJP, filed a petition under Section 482 CrPC seeking to quash FIR No. 224/2024 re...

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Bombay High Court Allows Writ Petition Challenging Recovery of Customs Duty After Inordinate Delay. Demand notice under Section 72(1) of Customs Act, 1962 cannot be enforced after five years of inaction by customs authorities.

The petitioner, Anu Products Ltd., filed a writ petition under Article 226 of the Constitution before the Bombay High Court, aggrieved by a recovery i...

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Bombay High Court Upholds Bond Obligation for Super-Speciality Doctors in Public Medical Colleges — Service Condition and Penalty Valid Under Article 226. Doctors Who Completed D.M./M.Ch. Courses Must Serve Two Years or Pay Rs.25 Lakhs Penalty as Per Government Resolution Dated 8 February 2008.

The petitioners, comprising 62 doctors in the first petition and 69 in the second, were doctors who had either completed or were pursuing super-specia...

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Bombay High Court Allows Writ Petition by Members of Cooperative Housing Society Management Committee Challenging Supersession Order. Show-Cause Notice Lacked Specific Grounds, Violating Natural Justice Under Section 77 of Maharashtra Cooperative Societies Act, 1960.

The petitioners, 12 members of the Management Committee of Shri Shivaji Sindhi Cooperative Housing Society Ltd., challenged the order dated 6.4.2009 p...