News Updates
SPA Which Gives Option To Resell Shares To Vendor, Not A ‘Forward Contract’: Bombay High Court
The Bombay High Court has ruled that a Share Purchase Agreement (SPA), which gives an option to the purchaser to require the seller/vendor to repurchase the shares on the occurrence of a contingency, does not constitute a ‘forward contract’ and thus, the same is enforceable. The bench of Justices K. R. Shriram and Rajesh S. Patil, were dealing with an arbitral award, where the...
'Misbehaviour Caused In A Drunken Mood': Madras High Court Grants Bail To Accused In SC/ST Case
The Madras High Court recently granted bail to a man arrested for misbehaving with a woman belonging to the SC/ST Community. While Justice G Ilangovan agreed that the man was not having good conduct, the court noted that considering the period of incarceration and the fact that the alleged act was done in a drunken state, the man was entitled to bail. "The learned Government...
Delhi High Court Orders Status Quo On DDA’s Demolition Drive Against Slum Cluster In Mehrauli
The Delhi High Court on Friday ordered status quo on Delhi Development Authority’s (DDA) action of demolishing a slum cluster in Mehrauli area.Justice Manmeet Pritam Arora directed DDA to maintain status quo with respect to Ghosiya Slum Colony till February 14. The slum cluster houses 400 jhuggis.“In light of the averment that Ghosiya Slum Colony is a Jhuggi cluster duly enlisted in the...
Need To Remove Uncertainty Regarding Time Of Preparation Of Consent/Non-Consent Memo Qua Compliance Of S. 50 NDPS Act: P&H High Court
The Punjab and Haryana High Court last week asked the state to devise a mechanism to remove the uncertainty regarding the place, date, and time of preparation of consent/non-consent memo qua compliance of Section 50 NDPS Act. The bench of Justice Pankaj Jain observed that in order to remove the uncertainty w.r.t. this important aspect of the investigation, Investigating Agencies need to...
Centre Notifies Appointment Of Justice Sonia Giridhar Gokani As Acting Chief Justice Of Gujarat High Court
The Central Government today notified the appointment of Justice Sonia Gokani, senior most puisne Judge of the Gujarat High Court, to perform the duties of the office of the Chief Justice of the High Court with effect from the date Justice Aravind Kumar relinquishes the charge as Chief Justice of the High Court. Justice Kumar has been elevated as the Judge of the Supreme Court. The...
[S.24 HMA] Affidavit Disclosing Assets & Liabilities Not Filed By Parties: Calcutta HC Orders District Court To Decide Alimony Claim Afresh
The Calcutta High Court at Jalpaiguri on Wednesday directed the District Judge, Cooch Behar to re-decide the application for alimony filed by a wife under Section 24 of the Hindu Marriage Act, in compliance with the proposition laid down by the Supreme Court in Rajnesh v. Neha. The judgement of Supreme Court in Rajnesh v. Neha mandates that the Affidavit of Disclosure of Assets...
[Anti-CAA Protests] FIRs Registered To Probe Property Damage, Claim Commissioner Appointed: Delhi HC Closes PIL
The Delhi High Court has disposed of a public interest litigation seeking recovery of damages from persons who allegedly indulged in destruction of public and private properties during the protests against Citizenship (Amendment) Act, 2019.A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad observed that once Claim Commissioner has already been appointed...
Centre Notifies Appointment Of Justice Pritinker Diwaker As Acting Chief Justice Of Allahabad High Court
The Central Government today notified the appointment of Justice Pritinker Diwaker, senior most puisne Judge of the Allahabad High Court, to perform the duties of the office of the Chief Justice of that High Court with effect from the date Justice Rajesh Bindal relinquishes the charge as Chief Justice of the Allahabad High Court.Justice Bindal has been elevated as the Judge of the...
A Week After Sending Him To Jail, Karnataka High Court Orders Release Of Advocate In Contempt Case
The Karnataka High Court on Friday accepted the unconditional apology tendered by an advocate who was last week sent to judicial custody for contempt of court.A division bench of Chief Justice Prasanna B Varale and Justice Ashok S Kinagi said: “ By accepting the apology, the contempt proceedings are closed. Respondent accused be released forthwith.”On February 02, the court had said...
Professor Dr. Indrajit Dube Appointed First Vice-Chancellor Of NLU Meghalaya
The National Law University Meghalaya has appointed Professor Dr. Indrajit Dube as its first Vice-Chancellor (VC). The NLU Meghalaya is the newest among all the NLUs which was established through National Law University Act 2022 with an intake capacity of 60 students to begin with. The University will function from a temporary campus for initial time. The notice dated 18.01.2023...
‘Madhu Barrister Would Have Hanged His Head In Shame’: Orissa HC Criticizes Conduct Of Striking Lawyers Of Sambalpur, Grants Bail
The Orissa High Court has heavily criticized the unruly conducts of striking lawyers of Sambalpur while they staged a violent protest in December last year with a demand to establish a permanent Bench of the High Court in the western part of the State. While granting bail to Sureswar Mishra, the President of District Bar Association, Sambalpur and 28 other lawyers, a Single Judge...
NCLT Hyderabad Invokes Rule 153; Permits Filing Of Rejoinder Post Closure Of Opportunity
The National Company Law Tribunal (“NCLT”), Hyderabad Bench, comprising of Dr. Venkata Ramakrishna Badarinath Nandula (Judicial Member) and Dr. Binod Kumar Sinha (Technical Member), while adjudicating a petition filed in State Bank of India & Ors. v India Power Corporation Limited, invoked its powers under Rule 153 of the NCLT Rules and permitted the Financial Creditor to file...