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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 Writ Petition Quashing Summons Issued Under Section 126 BNSS for Non-Compliance with Procedural Safeguards. The Court Holds That Executive Magistrate Must First Pass Order Under Section 130 BNSS Before Issuing Summons.

The writ petition before the High Court of Karnataka challenged the summons dated 30.09.2025 issued by the Executive Magistrate (Respondent No.3) unde...

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Supreme Court Allows Default Bail in UAPA Case: Exclusive Jurisdiction of Special Court for Extension of Investigation Period. The right to default bail under Section 167(2) CrPC accrues upon expiry of 90 days and is not defeated by subsequent filing of charge sheet if application was made before filing.

The Supreme Court allowed the appeal of Bikramjit Singh, who was arrested in connection with a grenade attack at a Nirankari Bhawan in Amritsar on 18....

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Bombay High Court Restrains Invocation of Performance Guarantee in Arbitration Dispute — Finds Prima Facie Case of Fraud and Irretrievable Injustice. Section 9 of Arbitration and Conciliation Act, 1996 invoked to protect petitioner's interests pending arbitration.

The petitioner, Larsen & Toubro Limited (L&T), filed an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking in...

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Bombay High Court Dismisses Appeal Against Injunction in Bank Guarantee Invocation Dispute. Fraud Must Be Established at Invocation Stage; Bank Guarantee Is Independent Contract Between Bank and Beneficiary.

The appellant, M/s. ABG Ports Limited, filed a suit seeking a declaration that the Joint Bid Agreement (JBA), the Counter Guarantee, and its invocatio...

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Bombay High Court Dismisses Petition Challenging Deemed Vacation of Committee Members for Failure to Execute Bond Under Section 73(1AB) of Maharashtra Co-operative Societies Act, 1961. Statutory period of 15 days for executing bond is mandatory and cannot be extended by subsequent compliance.

The petitioners, Assisi Co-operative Housing Society Limited and its committee members (petitioners 2 to 7), challenged an order dated 9th February 20...