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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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Bombay High Court Allows Assistant Professor's Challenge to Superannuation at Age 60, Holds AICTE Retirement Age of 65 Applicable to Private Self-Finance Standalone Institution. Goa Institute of Management's Faculty Manual Fixing Retirement Age at 60 is Overridden by AICTE Regulations.

The petitioner, Dr. Vilasini Devi Nair, was appointed as an Assistant Professor at the Goa Institute of Management (GIM), a private self-finance stand...

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Bombay High Court Dismisses Petition Challenging SEBI Settlement Regulations and Rejection of Settlement Proposal. Internal Committee's Power to Impose Conditions Precedent Upheld as Valid and Not Ultra Vires.

The petitioners, Abans Enterprises Ltd. and its promoter Abhishek Bansal, challenged the validity of regulations 6(1)(f) and 13(2)(ba) of the Securiti...

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Supreme Court Allows Appellant in SEBI PFUTP Regulations Case Due to Non-Disclosure of Investigation Report. The Court Held That the Investigation Report Under Regulation 9 Must Be Disclosed to Ensure a Fair Hearing Under Principles of Natural Justice, as It Forms the Basis for the Show Cause Notice.

The dispute arose from a show cause notice issued by SEBI to the appellant, alleging violations of the SEBI (Prohibition of Fraudulent and Unfair Trad...

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Supreme Court Upholds Assistant Professors' Promotion Under DACP Scheme Against Statutory Corporation's Recruitment Regulations. Promotion Governed by DACP Scheme as ESIC Regulations Issued Without Prior Central Government Approval Under Section 17(2)(a) of Employees' State Insurance Act, 1948.

The dispute arose from the promotion of Assistant Professors employed by the Employees' State Insurance Corporation (ESIC) to the post of Associate Pr...

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Supreme Court Dismisses Appeal of Punjab State Power Corporation in Pay Parity Dispute Between Head Clerks and Internal Auditors. Internal Auditors Not Entitled to Same Pay Scale as Head Clerks Due to Different Recruitment, Duties, and Promotional Avenues.

The case involves a dispute between the Punjab State Power Corporation Limited (appellant) and Rajesh Kumar Jindal and others (respondents), who are I...

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Bombay High Court Allows Medical Students to Appear for Supplementary Examination in General Surgery Despite MCI Regulations. University Regulations Prevail Over MCI Regulations as MCI Regulations are Directory Not Mandatory.

The petitioners were students prosecuting their M.B.B.S. course in colleges affiliated to the Maharashtra University of Health Sciences. They had pass...