In Re Ashok Kumar Sharma HUF, the SEBI undertook to investigate the trading in illiquid stock on the Bombay Stock Exchange (BSE). The bench observed that of the total trading in the stocks, 81.40% were non-genuine. The adjudicatory authority initiated the proceedings against the noticee for contravening the reg. 3(a),(b),(c),(d)

In a writ petition decided by a single bench headed by Justice Sandeep K. Shinde, the HC quashes the ‘issue process’ by ASJ against the petitioner. HC considered the issue of whether ASJ can ‘issue process’ on a complaint filed by IBBI. The single bench held that the process was

In a writ petition filed before Allahabad HC, a bench comprising Justice Dinesh Kumar Singh issued a notice to Finance Ministry, Union Government. The writ petition was filed against the vacant post of PO/Chairman of DRAT, lying vacant for almost more than three months. The single bench observed that DRT/DRAT

3-member bench of CCI, consisting of Mr A.K.Gupta, Ms Sangeeta Verma, and Mr B.S.Bishnoi, in a suo-moto case, imposed penalty on Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd., Mitsui O.S.K. Lines Ltd. and Nissan Motor Car Carrier Company (“OP”) for violation of sec.3 of the Act for cartelisation against

SEBI in an order passed by Sh. Ananta Barua imposes a penalty on NSE Ltd., its former MD & CEO for sharing confidential information with a purported ‘spiritual guru’, along with other ex-officials for making misleading statements to SEBI w.r.t. to the arbitrary appointment of NSE’s Advisor to MD and

SEBI, vide a 100-page interim order passed by Mr S.K.Mohanty in proceedings against Reliance Home Finance Ltd. (‘Company’/‘RHFL’), held the Company along with Anil D. Ambani (Chairman of Reliance Group – ‘Noticee 2’) and 3 other KMPs of the Company liable for the violation of corporate governance regulations. The Regulator

Appeals challenging NCLT’s order were dismissed by NCLAT headed by Justice M.Venugopal, Mr V.P. Singh and Dr A.K.Mishra, which holds, inter alia, that any funds received by DHFL (Corporate debtor) for the purpose of repaying or realizing loans refinanced by National Housing Bank (the ‘Respondent’) and remaining outstanding will be

A Division bench of the Supreme Court, headed by Justice A.M. Khanwilkar and Justice C.T. Ravikumar, strikes down the decision of the Telangana High Court granting anticipatory bail for the Respondent in the proceedings pertaining to PMLA. SC further remands the case to the Telangana High Court for reconsideration of

In the Maheshsinh Babusinh Zala case, the applicant was found guilty of an offence punishable u/s 138 of the NI Act(“the Act”). In light of the amicable settlement of the dispute between the parties, the complainant has filed an affidavit stating that a quashing and setting aside of the conviction

In an appeal decided by ITAT in Draipl-Mskel (JV) case, the assessee’s asserted interest expense was denied by the AO due to the failure to deduct TDS. Additionally, the CIT later confirmed the AO’s disallowance (A). The question before the appellate tribunal is whether the disallowance of the expense should