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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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Bombay High Court Allows Writ Petition Against Society's Refusal to Grant Membership to Purchaser of Premises. Registered Sale Deed Holder Entitled to Membership Under Section 23(2) of Maharashtra Cooperative Societies Act, 1960 Despite Developer's Objection.

The petitioners, Apna Sahakari Bank Ltd. and its Deputy General Manager, filed a writ petition under Article 226 of the Constitution of India challeng...

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Bombay High Court Allows Petition in Cooperative Law Revision Case — No Second Revision Under Section 154 of Maharashtra Cooperative Societies Act, 1960. Revisional Authority Exceeded Jurisdiction by Entertaining Second Revision Against Order of Divisional Joint Registrar.

The present petition raised an issue whether under the provisions of Section 154 of the Maharashtra Cooperative Societies Act, 1960, a power can be ex...

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Bombay High Court Dismisses Petitions Challenging Trade Union Recognition and Election in Air India. Court upholds the validity of the recognition granted to Air India Employees Union and the election conducted under the Code of Discipline in Industry, 1958.

The judgment pertains to two writ petitions filed by Air India Employees Guild and Air Corporation Employees Union challenging the recognition granted...