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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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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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Gujarat High Court Acquits Accused in Corruption Case Due to Unreliable Trap Witnesses and Lack of Proof of Demand. Demand and Acceptance of Bribe Not Proved Beyond Reasonable Doubt Under Sections 13(1)(d) and 13(2) of Prevention of Corruption Act, 1988.

The appellant, Dansinh Rupsinh Parmar, was convicted by the Additional Sessions Judge, Second Fast Track Court, Amreli in Special Case (ACB) No. 47/19...

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Gujarat High Court Confirms Death Sentence for Rape and Murder of 9-Year-Old Child Under POCSO Act and IPC. The court held that the case falls within the 'rarest of rare' category due to the brutal nature of the crime and the vulnerability of the victim.

The case involves the confirmation of a death sentence awarded to the appellant, Pradip Rajesh Rajkumar Gupta, by the Additional Sessions Court at Val...

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Bombay High Court Dismisses Insurer's Writ Petition Against Insurance Ombudsman Award in Life Insurance Claim. Non-Disclosure of Pre-Existing Ailments Not Proven to be Material Under Section 45 of Insurance Act, 1938.

The petitioner, Aditya Birla Sun Life Insurance Co. Ltd., challenged an award dated 31 December 2020 passed by the Insurance Ombudsman, Goa/Mumbai Met...

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Bombay High Court Dismisses Admiralty Suits as Time-Barred Under Limitation Act. Claims for Loss of Vessel and Cargo Filed Beyond Three-Year Limitation Period from Date of Vessel's Sinking.

The judgment concerns two admiralty suits filed in the Bombay High Court. Admiralty Suit No.3 of 2011 was filed by the time charterer of the vessel 'N...

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Bombay High Court Acquits Accused in Murder Case Due to Unreliable Testimony of Interested Witness and Lack of Corroboration. Conviction under Section 302 IPC read with 34 IPC set aside as sole eyewitness was a close friend of deceased and his testimony was not corroborated by other evidence.

The case involves an appeal against the conviction of three appellants for the murder of Mayur Damle under Section 302 read with 34 IPC and for assaul...