SC: Vesting of withheld securities of a defaulting memberdoes not take place in favour of the NSE/NSCCL unless a formal expulsion order is passed

The Hon’ble Supreme Court, on 20th November 2020, in the matter of Rusoday Securities Ltd. v. National Stock Exchange Of India Ltd. & Ors. held that vesting of withheld securities of a defaulting member does not take place in favour of the NSE/NSCCL unless a formal expulsion order is passed. The relevant point of time, […]

SC: Bail granted u/s 167(2) Cr.P.C. can be cancelled u/s 439(2) Cr.P.C.

The Hon’ble Supreme Court, on 20th November 2020, in the matter of Venkatesan Balasubramaniyan v. The Intelligence Officer, D.R.I. Bangalore observed that bail granted under Section 167(2) Cr.P.C. can be cancelled under Section 439(2) Cr.P.C. The Hon’ble Supreme Court observed that: The bail granted under Section 167(2) Cr.P.C. can be cancelled under Section 439(2) Cr.P.C.(Para […]

SC: If court doesn’t have jurisdiction, party raising this issue to seek dismissal rather than transfer

The Hon’ble Supreme Court, on 6th November 2020, in the matter of Indian Olympic Association v.Kerala Olympic Association & Ors. observed that if a court has no jurisdiction to try a lis, it is good for the party raising the issue of jurisdiction to seek the dismissal/return of the proceedings, rather than seeking a transfer. […]