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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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Supreme Court Dismisses Telecom Company's Claim for Refund of Entry Fee After 2G Licences Quashed Due to Illegal Government Policy. Restitution Under Section 65 of Indian Contract Act, 1872 Denied as Quashing Did Not Render Contracts Void, and Set-Off Policy Upheld Under Article 14 of Constitution.

The dispute involved a telecom company seeking a refund of an Entry Fee of Rs 1454.94 crores paid for 2G licences across twenty-one service areas, aft...

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Supreme Court Partially Strikes Down FCRA Amendment Act 2020 — Ban on Transfer of Foreign Funds and Mandatory Aadhaar Held Unconstitutional. The court upheld the requirement of a single FCRA account at SBI New Delhi as a reasonable regulatory measure to prevent misuse of foreign funds.

The judgment deals with a batch of writ petitions challenging the constitutional validity of certain amendments made to the Foreign Contribution (Regu...

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Supreme Court Allows Appeals Against PNGRB's Bidding Process for CGD Networks. Board Directed to Re-evaluate Bids for Three Tamil Nadu GAs in Accordance with Regulation 7 of CGD Authorisation Regulations, 2008.

The case arose from the ninth round of bidding for City or Local Natural Gas Distribution Networks conducted by the Petroleum and Natural Gas Regulato...

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Bombay High Court Dismisses Petition Challenging Applicability of Biological Diversity Rules to Indian Entities. Rule 17 of Biological Diversity Rules, 2004 and Benefit Sharing Regulations Apply to All Entities, Not Just Foreign Entities.

The petitioners, comprising an association of Ayurvedic drug manufacturers and individual companies, filed a writ petition under Article 226 of the Co...

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Bombay High Court Allows Petition Challenging Discriminatory Tender Conditions in Telecom Infrastructure Bid. Eligibility criteria requiring prior experience in road development and minimum turnover of Rs. 100 crores held arbitrary and violative of Article 14.

The petitioner, High-G Transmissions Pvt. Ltd., a private limited company registered as an Infrastructure Provider under the Indian Telegraph Act, 188...

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Bombay High Court Dismisses Appeal in Section 9 Arbitration Application Due to Lack of Party Identity with Arbitration Agreement. Joint Venture Agreement's Arbitration Clause Does Not Bind Non-Signatory Respondents as They Are Not Parties to the Agreement.

The appeal was filed against the judgment and order dated 2 July 2014 of the learned Single Judge in Arbitration Petition No.66 of 2014, which dismiss...