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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 Upholds Reinstatement of Contract Labourers in SAIL Mines Despite Finding Contract Genuine. High Court's Direction for Regularisation Consideration Under Para 125 of SAIL Judgment Affirmed, Back Wages Denied.

The case involves a long-standing industrial dispute between the Steel Authority of India Ltd. (SAIL), a government undertaking, and the Ispat Khadan ...

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High Court of Karnataka Allows Writ Petition for Condonation of Delay in Investment Under Section 54EC of Income Tax Act, 1961 — CBDT's Rejection Set Aside. The CBDT's power under Section 119(2)(b) is not circumscribed by any time limit and must be exercised liberally to avoid hardship.

The petitioner, Dr. Sujatha Ramesh, sold an immovable property during the Assessment Year 2013-14 and realized long-term capital gains. To claim exemp...

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High Court of Karnataka Acquits Accused in Counterfeit Currency Case Due to Lack of Mens Rea. Attempt to Deposit Fake Notes Without Knowledge of Counterfeit Nature Not Sufficient for Conviction Under Section 489-B IPC.

The appellant, Mahendrasingh Khetsing Rao, was convicted by the 1st Additional District and Sessions Judge, Dharwad sitting at Hubli in Sessions Case ...

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Bombay High Court Quashes Eviction Orders Against Tenant in Public Premises Act Case — Estate Officer Lacks Jurisdiction Over Genuine Tenancy Dispute. Lawful Tenant Cannot Be Evicted Under Public Premises (Eviction of Unauthorised Occupants) Act, 1971; Dispute Must Be Adjudicated by Civil Court.

The petitioner, Nusli Neville Wadia, was a lawful monthly tenant of Flat No.B/27 at Mayfair Gardens, Malabar Hill, Mumbai, since 1 October 1972, payin...