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, […]

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 […]

The Hon’ble Supreme Court, on 19th November 2020, in the matter of M/s Kaledonia Jute and Fibres Pvt. Ltd. v. M/s Axis Nirman and Industries Ltd. & Ors. pronounced that proceedings for winding up of a company are actually proceedings in rem to which the entire body of creditors is a party. The proceeding might […]

The Hon’ble Supreme Court, on 16th November 2020, in the matter of Umc Technologies Private Limited v. Food Corporation Of India And Anr. pronounced that for a show cause notice to constitute the valid basis of a blacklisting order, such notice must spell out clearly, or its contents be such that it can be clearly […]

The Hon’ble Supreme Court, on 16th November 2020, in the matter of Kirpa Ram (Deceased) Through Legal Representatives & Ors. v. Surendra Deo Gaur & Ors. observed that the High Court is not obliged to frame substantial question of law, in case, it finds no error in the findings recorded by the First Appellate Court. […]

The Hon’ble Supreme Court, on 16th November 2020, in the matter of Rattan Singh & Ors. Nirmal Gill & Ors. etc. held that the ground that the documents were a result of copied forgery cannot be substantiated only on the basis of the opinion of expert. The Hon’ble Supreme Court observed that: A document is […]