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Bombay High Court Quashes FIRs Under Essential Commodities Act for Non-Essential Commodities. Wheat and Rice Seized by Rationing Authorities Held Not Covered Under Essential Commodities Act, 1955 or Control Orders.

The petitioners, including M/s. Ace International, Pankaj Pranjibhai Thakkar, and M/s. Metro International, filed three writ petitions challenging the...

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Supreme Court Upholds State's Power to Fix Higher Sugarcane Price in Conflict Resolution Between Constitution Benches. State Advised Price (SAP) is Valid and Not Repugnant to Central Minimum Price Under Essential Commodities Act, 1955 and Sugarcane (Control) Order, 1966.

The Supreme Court considered a reference from a three-judge bench regarding an alleged conflict between two Constitution Bench decisions: Ch. Tika Ram...

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Bombay High Court Dismisses Petitions Challenging Levy Sugar Price Fixation Under Essential Commodities Act, 1955 — Levy Sugar Price Determined by Central Government Is Not Arbitrary and Does Not Violate Article 14 or 19(1)(g) of Constitution.

The petitioners, two sugar cooperative factories, filed criminal writ petitions challenging the fixation of levy sugar price by the Central Government...

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High Court Quashes FIR Against Licensee in Essential Commodities Act Case for Lack of Mandatory Sanction. Prosecution for Illegal Diesel Transportation Fails as No Sanction Under Section 6A of Essential Commodities Act, 1955 Was Obtained.

The petitioner, Sadiq Pasha, a licensed transporter of diesel and operator of SWS & Sons Petrol Bunk, challenged the FIR in Crime No.137/2022 register...

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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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Supreme Court Allows Priority to Secured Creditors Over Attached Assets in NSEL Scam Case. Secured Creditors Under SARFAESI Act and RDB Act Have Priority Over Attachments Under PMLA and MPID Act, and Moratorium Under IBC Does Not Bar Execution Against Properties Attached Under MPID Act.

The Supreme Court in this judgment addressed two priority questions of law arising from the NSEL scam, where the petitioner, National Spot Exchange Li...