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Supreme Court Dismisses Appeals in Company Law Dispute Over Maintainability of Oppression and Mismanagement Petition. Nomination Under Section 72 of Companies Act, 2013 Vests Rights in Nominee, Excluding Legal Heirs from Claiming Shares for Petition Maintainability Under Sections 241 and 242.

The dispute arose from a family tussle following the death of Mr. Abhey Kumar Oswal, who held significant shares in Oswal Agro Mills Ltd. and Oswal Gr...

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Supreme Court Dismisses Perjury Application Against Petitioner in Rent Control Jurisdiction Dispute. Handwritten Interpolations in Balance Sheet Were Present in Trial Court Records, No Prima Facie Case of Forgery Established Under Section 340 CrPC.

The Supreme Court dismissed an application under Section 340 read with Section 195(1)(b) of the Criminal Procedure Code, 1973, seeking criminal procee...

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Supreme Court Allows Appeals in Specific Performance Case — Agreement to Sell Void Under Section 61 of Karnataka Land Reforms Act, 1961. Agreement executed during non-alienation period is void ab initio and not enforceable even after the restriction period ends.

The Supreme Court allowed the appeals filed by the defendants (appellants) against the judgment of the Karnataka High Court which had upheld the decre...

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Supreme Court Holds Section 15J Factors Illustrative in SEBI Penalty Adjudication. Adjudicating Officer Retains Discretion to Consider Mitigating Circumstances Beyond Stipulated Factors Under SEBI Act.

The Supreme Court of India adjudicated a reference arising from multiple civil appeals concerning the interpretation of Section 15J of the Securities ...

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Bombay High Court Quashes MHADA's 10-Year Transfer Ban on Rehab Tenements as Unconstitutional and Ultra Vires. Condition in NOC restricting sale/transfer of tenancy rights for ten years from occupation held to be without statutory authority and violative of Article 300A of the Constitution.

The Bombay High Court dealt with two writ petitions challenging a condition imposed by the Mumbai Building Repairs & Reconstruction Board (a unit of M...

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Bombay High Court Dismisses Appeal by ICAR and NRCC, Upholds State Government as Appropriate Government for Labour Dispute. Jurisdiction of Labour Court under MRTU & PULP Act Confirmed for Termination of Agricultural Labourers Employed by Central Government Undertaking.

The case involves an appeal by the Indian Council of Agricultural Research (ICAR) and the National Research Centre for Citrus (NRCC) against a judgmen...