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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Supreme Court Dismisses Cooperative Society's Appeals Challenging Sale Deeds Executed in Favor of Members. Arbitrator under Delhi Cooperative Societies Act lacks jurisdiction to adjudicate validity of registered sale deeds, which can only be challenged before civil court.

The Supreme Court dismissed the appeals filed by Delhi Dayalbagh Cooperative House Building Society Ltd. against the orders of the Delhi High Court, w...

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Bombay High Court Dismisses Petition Challenging Minister's Order in Cooperative Society Election Dispute. Court upholds Minister's appellate order directing election of 16 members from each division under byelaws, rejecting challenge based on alleged lack of jurisdiction.

The petitioners, members of a cooperative society affiliated with Respondent No. 5, challenged an order dated 29.1.1999 passed by the Minister of Stat...

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Bombay High Court Dismisses Writ Petition of Probationary Police Sub-Inspectors Challenging Termination. Termination simpliciter of probationers for unsatisfactory performance without stigma does not require inquiry or hearing.

The petitioners, 20 individuals, were appointed as Police Sub-Inspectors on probation in the Maharashtra Police Force. During their probation period, ...