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Supreme Court

Supreme Court Allows Appeal in Bank Disciplinary Case — Consultation with CVC Mandatory Before Issuing Charge Sheet in Vigilance Cases. Regulation 19 of Union Bank of India Officers Employees' (Discipline & Appeal) Regulations, 1976 Requires Prior CVC Advice for Disciplinary Proceedings with Vigilance Angle.

1 Jan 2025

The appellant, A.M. Kulshrestha, was an employee of Union Bank of India for approximately 34 years, retiring as Deputy General Manager in 2019. In Aug...

Supreme Court

Supreme Court Dismisses Petitions in Securities Market Investigation Case, Upholding SEBI's Regulatory Authority. The Court rejected pleas for transfer of investigation to SIT and revocation of SEBI regulatory amendments, finding no apparent regulatory failure and emphasizing limited judicial review over SEBI's domain under the Securities and Exchange Board of India Act, 1992.

3 Jan 2024

The Supreme Court of India adjudicated a batch of writ petitions filed under Article 32 of the Constitution in February 2023, concerning allegations o...

Supreme Court

Supreme Court Directs SEBI to Investigate Alleged Securities Law Violations and Constitutes Expert Committee for Regulatory Strengthening. The Court ordered SEBI to probe specific issues including Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and stock price manipulation, while establishing a committee to assess and improve investor protection mechanisms in response to market volatility.

2 Mar 2023

The Supreme Court addressed a batch of petitions arising from significant investor wealth loss in the securities market, triggered by a steep decline ...

Supreme Court

Supreme Court Allows Thermal Power Plant to Continue Operations Subject to Environmental Compliance in Public Interest. The Court held that closing the plant would adversely affect power supply in an energy-deficient state, given its operational status since 2015 and compliance with conditions under the Environment Impact Assessment Notification, 2006.

17 Feb 2023

The dispute arose from appeals filed by M/s IL&FS Tamil Nadu Power Company Limited against judgments of the National Green Tribunal concerning the Env...

Supreme Court

Supreme Court Allows Liquidator's Appeal on Limitation Grounds in Insolvency Proceeding. Limitation period under Section 61 of the Insolvency and Bankruptcy Code, 2016 runs from the date the order is made available, not from pronouncement, applying Section 420(3) of the Companies Act, 2013 and Rule 50 of the National Company Law Tribunal Rules, 2016 for free copies.

22 Oct 2021

The appeal arose from a judgment of the National Company Law Appellate Tribunal (NCLAT) dated 13 July 2020, which dismissed the appellant's appeal as ...

Supreme Court

Supreme Court Allows Appeal in Arbitration Case Over Bank Guarantee Validity - High Court's Direction to Substitute Bank Guarantee Set Aside as Appellant Complied with Original Order for Scheduled Bank Located in India Under Arbitration and Conciliation Act, 1996.

24 Aug 2021

The Supreme Court of India heard civil appeals arising from special leave petitions filed by SEPCO Electric Power Construction Corporation against Pow...

Supreme Court

Supreme Court Allows State Bank of India's Appeal Against High Court Order Setting Aside Salary Revision for Officer Posted Abroad. Contractual Clause Permitting Revision of Salary Upheld as Binding Under Section 18 of State Bank of India Act, 1955.

12 Feb 2019

The Supreme Court allowed the appeal filed by the State Bank of India and others against the judgment of the Bombay High Court. The respondent, Ravind...

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