Supreme Court on Insider Trading: SEBI vs. Abhijit Rajan (2022) – Key Judgement LEGAL ISSUE: Interpretation of “price-sensitive information” and its impact on insider trading regulations. CASE TYPE: Securities Law/Insider Trading Case Name: Securities and Exchange Board of India vs. Abhijit Rajan [Judgment Date]: 19 September 2022 Introduction Date of the Judgment: 19 September 2022 […]
Supreme Court Enhances Compensation in Motor Accident Claim: Sumathy vs. Babu (2022) LEGAL ISSUE: Determination of just compensation in motor accident claims, specifically considering future prospects and rise in income. CASE TYPE: Motor Accident Claim Case Name: Sumathy and Others vs. Babu and Another [Judgment Date]: 19 September 2022 Date of the Judgment: 19 September
Supreme Court Enhances Compensation in Motor Accident Claim: Sumathy vs. Babu (2022) Read Post »
Supreme Court Clarifies Taxability of Pan Masala under State Laws Date of the Judgment: 19 September 2022 Citation: (2022) INSC 751 Judges: Indira Banerjee, J., Surya Kant, J., M.M. Sundresh, J., Sudhanshu Dhulia, J., Hemant Gupta, J. (Concurring) Can states levy sales tax on ‘Pan Masala’ and ‘gutka’ when these products are already subject to
Supreme Court Clarifies Stamp Duty on Agreements to Sell Without Transfer of Possession in Punjab: Vijay Kumar Goyal vs. Neena Rani (2022) LEGAL ISSUE: Determination of applicable stamp duty on agreements to sell where possession is not transferred. CASE TYPE: Civil Law – Stamp Duty Case Name: Vijay Kumar Goyal (Dead) Thr. LR. vs. Neena
Supreme Court Upholds Consumer Complaint Dismissal: Sudha & Ors. vs. Jaiprakash Associates Limited (2022) LEGAL ISSUE: Whether a consumer can claim a refund for a delayed property possession before the expiry of the grace period as per the agreement. CASE TYPE: Consumer Case Name: Sudha & Ors. vs. Jaiprakash Associates Limited Judgment Date: 16 September
Supreme Court Enhances Compensation for Merchant Navy Amputee in Motor Accident Case LEGAL ISSUE: Determination of fair compensation in motor accident claims involving permanent disability and loss of future earnings. CASE TYPE: Motor Accident Compensation Case Name: Ramesh vs. Karan Singh & Anr. Judgment Date: 16 September 2022 Date of the Judgment: 16 September 2022
Supreme Court Denies Modvat Credit on ‘Guide Car’ as Component of Coke Oven Battery Date of the Judgment: 16 September 2022 Citation: (2022) INSC 739 Judges: M.R. Shah, J. and Krishna Murari, J. Can a specialized vehicle used in a steel plant be considered a ‘component’ of a larger industrial unit, thus qualifying for tax
Supreme Court Reinstates Compensation for Injured Employee in Construction Accident Case Date of the Judgment: 16 September 2022 Citation: (2022) INSC 782 Judges: M.R. Shah, J. and Krishna Murari, J. Can an employer avoid compensating an employee for a workplace injury by disputing a disability certificate years after the accident? The Supreme Court of India
Supreme Court quashes Pharmacy Council of India’s moratorium on new pharmacy colleges: Pharmacy Council of India vs. Rajeev College of Pharmacy (2022) LEGAL ISSUE: Whether the Pharmacy Council of India (PCI) can impose a moratorium on the establishment of new pharmacy colleges through an executive resolution. CASE TYPE: Education Law Case Name: Pharmacy Council of
Supreme Court Upholds Telangana Employee Allocation: B. Subba Rayudu Case (2022) LEGAL ISSUE: Employee allocation upon state reorganization. CASE TYPE: Service Law Case Name: The State of Telangana & Anr. vs. B. Subba Rayudu and Others Judgment Date: 14 September 2022 Date of the Judgment: 14 September 2022 Citation: [2022] INSC 791 Judges: Indira Banerjee
Supreme Court Upholds Interim Relief in Arbitration: Essar House vs. Arcellor Mittal (2022) LEGAL ISSUE: Whether a court, while granting interim relief under Section 9 of the Arbitration and Conciliation Act, 1996, is strictly bound by the procedural requirements of the Code of Civil Procedure, 1908 (CPC), particularly Order XXXVIII Rule 5. CASE TYPE: Arbitration
Supreme Court Upholds SEBI’s Right to Withhold Confidential Documents in Inquiry: Kavi Arora vs. SEBI (2022) LEGAL ISSUE: Whether the Securities and Exchange Board of India (SEBI) is obligated to disclose all documents relied upon in a show cause notice, including those considered confidential, to the noticee during an inquiry. CASE TYPE: Securities Law, Regulatory
