Tag: Case Law 2025

Supreme Court on NDPS Bail: Delay and Custody Can’t Override Statutory Bar for Commercial Quantity
Supreme Court

Supreme Court on NDPS Bail: Delay and Custody Can’t Override Statutory Bar for Commercial Quantity

The Supreme Court set aside the High Court's bail order, holding it failed to properly apply the stringent twin conditions under Section 37 of the NDPS Act. The matter was remitted for fresh consideration, mandating a reasoned assessment of the accused's involvement, statutory compliance, and the substantial quantity of seized contraband before granting bail. Facts Of The Case: The case involves appeals by the Union of India against two bail orders granted to the respondent, Vigin K. Varghese, by the Bombay High Court. The prosecution, initiated by the Directorate of Revenue Intelligence, stemmed from the seizure of approximately 50.232 kilograms of cocaine on October 6-7, 2022. The narcotics were found concealed within a consignment of pears imported from South Africa in the name of M...
Supreme Court Ruling: Fraudulent Share Transfer Struck Down: Key Takeaways from the Satori Global Judgement
Supreme Court

Supreme Court Ruling: Fraudulent Share Transfer Struck Down: Key Takeaways from the Satori Global Judgement

The Supreme Court ruled that the NCLT has wide jurisdiction under Sections 397 and 398 of the Companies Act, 1956, to adjudicate on allegations of fraud, oppression, and mismanagement when integral to the complaint. It upheld that acts violating the Articles of Association and statutory provisions, including invalid share transfers and board meetings, constitute oppression, empowering the Tribunal to grant comprehensive relief. Facts Of The Case: The case involves Mrs. Shailja Krishna, a majority shareholder holding over 98% of a private company, and her husband, Mr. Ved Krishna. In December 2010, during a strained marital relationship, Mrs. Krishna allegedly resigned from her directorship and executed a gift deed transferring her entire shareholding to her mother-in-law. She contended s...