Search Results for "preferential purchase scheme"

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Supreme Court Clarifies SEBI's Jurisdiction in Investor Compensation Claims Under Securities Law. SEBI Lacks Power to Award Direct Compensation but Can Order Disgorgement of Ill-Gotten Gains for Restitution Under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992.

The dispute originated in 2005 when the Securities and Exchange Board of India (SEBI) issued a show-cause notice to M/s. Vital Communications Limited ...

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Land: Basilica of Our Lady of the Mount Challenges SRA's Acquisition Attempt. Protecting Property Rights and Redevelopment Plans in Mumbai's Slum Rehabilitation Dispute

Maharashtra Slum Rehabilitation Authority (SRA) Act, where the petitioner, Basilica of Our Lady of the Mount, Mumbai, contests SRA's attempt to acquir...

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Supreme Court Allows Appeals in Electricity Tariff Dispute — Gujarat Urja Vikas Nigam Limited v. Renew Wind Energy (Rajkot) Pvt Ltd. Renewable Energy Certificate (REC) Scheme does not override State Commission's power to determine tariff for wind energy under Section 62 of the Electricity Act, 2003.

The case involves appeals under Section 125 of the Electricity Act, 2003, by Gujarat Urja Vikas Nigam Limited and other distribution licensees against...

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Supreme Court Allows Appeal in Family Settlement Dispute — Upholds Validity of Pre-Emptive Right Clause. Clause requiring written concurrence of all co-sharers before sale to third party is valid and binding; High Court erred in holding it vague and void.

The dispute arose from a family settlement dated 31.03.1982 among three brothers, including the appellant Tilak Raj Bakshi (plaintiff), the first defe...

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Bombay High Court Dismisses PIL Challenging Allotment of Land to Judges' Cooperative Housing Society. Allotment of land by MHADA to a cooperative housing society formed by judges was held to be legal and not arbitrary.

The petitioner, Ketan Tirodkar, a citizen of India, filed a Public Interest Litigation (PIL) before the Bombay High Court challenging the allotment of...

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Bombay High Court at Goa Quashes Tender Award to Non-Local Unit in Preferential Purchase Scheme Case. Court holds that State Government must follow its own preferential purchase policy for Small Scale Industrial Units and cannot ignore NOC requirement.

The petitioners, Bharat Conductors Pvt. Ltd. and its authorised signatory Tarachand Bhandari, filed a writ petition before the Bombay High Court at Go...