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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Judicial Review of State Actions in Contractual Disputes: Evolution and Current Scope. From Traditional Boundaries to Modern Oversight: Ensuring Fairness and Transparency in State Contractual Matters

The evolution of judicial review in India regarding state actions in contractual and tender disputes. Historically, such disputes were seen as private...

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Supreme Court Directs Execution of Share Purchase Agreement in Corporate Dispute Over IT Park Acquisition. Court holds that SPA is necessary to effectuate earlier order and does not prejudice rights of respondents.

The Supreme Court disposed of a miscellaneous application in a civil appeal concerning the acquisition of shares in I.T. Infrastructure Park Pvt. Ltd....

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Supreme Court Upholds Vacation of Injunction in Specific Performance Dispute Over Land Sale Agreement. Disputed Questions of Possession and Payment of Consideration Require Trial, Not Interim Relief.

The Supreme Court dismissed appeals challenging the High Court's interim order vacating a temporary injunction that had restrained landowners from int...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim. Insurer Held Liable Under No-Fault Liability Despite Absence of Evidence of Negligence in Collision with Unknown Vehicle.

The case involves two appeals filed by United India Insurance Company Limited against judgments and orders dated 22nd December 2004 passed by the Moto...

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Supreme Court Sets Aside Anticipatory Bail in Forgery and Cheating Case Involving Forged Sale Deed of Senior Citizens' Land. Court Holds That Anticipatory Bail Cannot Be Granted as a Matter of Routine When Prima Facie Case of Serious Economic Offences Involving Forgery of Documents Is Made Out.

The case involves an appeal by Pratibha Manchanda and another (the appellants) against the State of Haryana and another (respondents) challenging the ...

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Supreme Court Upholds Refund Order in Unfair Trade Practice Case, Denies Specific Performance. Forfeiture of Earnest Money Upheld Due to Buyer's Default Under Clause 10 of Plot Buyer's Agreement.

The appellant, Sudha Gupta, filed an appeal under Section 53T of the Competition Act, 2002 read with Section 55 of the repealed Monopolies and Restric...

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Bombay High Court Dismisses MSRTC Appeal in Motor Accident Claim — Upholds Compensation for Deceased Engineer. Contributory Negligence Not Established; Tribunal's Assessment of Income, Multiplier, and Dependency Upheld Under Motor Vehicles Act, 1988.

The appeal was filed by the Maharashtra State Road Transport Corporation (MSRTC) against the judgment and award dated 31-07-2006 passed by the Motor A...