Tag: Supreme Court Ruling

Supreme Court Upholds SEBI’s Power to Levy Interest on Unpaid Penalties
11Aug By The Legal ChamberNo Comments
Supreme Court

Supreme Court Upholds SEBI’s Power to Levy Interest on Unpaid Penalties

The Supreme Court held that under Section 28A of the SEBI Act, interest on unpaid penalties is recoverable as per Section 220 of the Income Tax Act, 1961, and accrues from the date the penalty becomes payable, not from the date of subsequent demand notices. The Court clarified that the adjudication order itself constitutes a valid demand, and interest is compensatory, not penal, in nature. The insertion of Explanation 4 to Section 28A merely clarified the existing legal position and did not introduce a substantive change. The Tribunal's dismissal of the appeals was upheld, affirming SEBI's authority to levy interest from the date of default. Facts Of The Case: The appellants, Jaykishor Chaturvedi and others, were promoter-directors of Brijlaxmi Leasing and Finance Limited, a company list...
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Bank’s Gold Revaluation Under Scrutiny: Supreme Court Allows Trial Against Bank Officials
18Jun By The Legal ChamberNo Comments
Supreme Court

Bank’s Gold Revaluation Under Scrutiny: Supreme Court Allows Trial Against Bank Officials

The Supreme Court of India allowed the appeal by Abhishek Singh, holding that the High Court improperly quashed the FIR filed by him. The High Court erred by considering extraneous documents and evaluating the merits of the case at the quashing stage, rather than determining if a prima facie offense was made out. The proceedings from the FIR are revived, and the guilt or innocence of the respondents is to be established at trial. Facts Of The Case: Abhishek Singh, the appellant, a businessman, secured a loan of ₹7,70,000 from the Bank of India on July 22, 2020, by pledging 254 grams of 22-carat gold ornaments. According to Singh, he repaid the loan, including interest, by March 31, 2023, after receiving a notice from the bank on October 7, 2022, to pay ₹8,01,383.59. However, unbeknownst ...
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Supreme Court Upholds Right to Shut Business, Orders ₹15 Crore Compensation for Workers
14Jun By The Legal ChamberNo Comments
Supreme Court

Supreme Court Upholds Right to Shut Business, Orders ₹15 Crore Compensation for Workers

This judgment primarily interprets Section 25-O of the Industrial Disputes Act, 1947, regarding deemed closure. The Court examined if an application for closure was complete and if the State's communication constituted a valid refusal within the statutory 60-day period for deemed permission. It also considered the "appropriate Government's" role and Article 19(1)(g) (freedom of trade) implications. Facts Of The Case: The case originated from an application by Harinagar Sugar Mills Ltd. (Biscuit Division) seeking permission to close its undertaking, as required under Section 25-O of the Industrial Disputes Act, 1947. The company sought closure due to various reasons, including financial viability issues. The central dispute revolved around whether the State of Maharashtra, as the appropri...
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Supreme Court Exposes False Allegations, Quashes FIR in Sexual Assault Case
13Jun By The Legal ChamberNo Comments
Supreme Court

Supreme Court Exposes False Allegations, Quashes FIR in Sexual Assault Case

The Supreme Court of India quashed FIRs No. 103 of 2022 and 751 of 2021, and all consequent proceedings, finding no prima facie material to substantiate allegations of cheating or sexual intercourse under false promise of marriage. The Court noted inherent contradictions in the complaints and found the complainant's allegations to be fabricated and malicious, indicating manipulative and vindictive tendencies. Facts Of The Case: The case involves Batlanki Keshav (Kesava) Kumar Anurag, the appellant, challenging an order from the High Court for the State of Telangana at Hyderabad, which rejected his petition to quash FIR No. 103 of 2022. This FIR, registered at Madhapur Police Station, Cyberabad, alleges offenses under Section 376(2)(n) of the Indian Penal Code, 1860, and Section 3(2)(v)...
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Supreme Court’s Mandate: New Public Notice for Nagaland Village Recognition
10Jun By The Legal ChamberNo Comments
Supreme Court

Supreme Court’s Mandate: New Public Notice for Nagaland Village Recognition

The Supreme Court, exercising judicial review over executive decisions, set aside the High Court's directive for village recognition in Nagaland. The Court emphasized adherence to customary laws and specific Office Memorandums requiring "No Objection Certificates" from ancestral villages. It remanded the matter for comprehensive consideration of objections, including those from the appellant, affirming that inter-district boundary disputes are irrelevant to village recognition. Facts Of The Case: This Supreme Court judgment stems from a dispute concerning the recognition of Kakiho Village in Nagaland. The core of the matter involved the application of existing government Office Memorandums (O.M.'s) dated March 22, 1996, and October 1, 2005, which outline criteria for village recognition...
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Supreme Court Cuts Jail Time for Tiger Skin Smugglers :Punishment for Animal Parts Smugglers
24May By The Legal ChamberNo Comments
Supreme Court

Supreme Court Cuts Jail Time for Tiger Skin Smugglers :Punishment for Animal Parts Smugglers

The Supreme Court upheld the conviction under Sections 49-B and 51 of the Wildlife Protection Act 1972 for illegal possession of tiger skins and animal parts, affirming the statutory presumption of guilt under Section 57. While noting investigation lapses, the Court reduced the sentence from 6 to 3 years' imprisonment considering the accused's youth and lack of direct poaching evidence, but imposed a Rs. 25,000 fine to deter wildlife crimes. The judgment balanced strict enforcement of wildlife laws with proportional sentencing. Facts Of The Case: The case stemmed from a CBI operation in March 2001 at a Nagpur petrol pump, where appellants Rajesh and Makbool Ahmed were caught with tiger skins, bones, claws, and antler horns in their car. Acting on a tip-off about illegal wildlife trade, t...
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Supreme Court Rejects Appeal in Dowry Harassment Case : Confirms 10-Year Jail for Husband in Dowry Death Case
24May By The Legal ChamberNo Comments
Supreme Court

Supreme Court Rejects Appeal in Dowry Harassment Case : Confirms 10-Year Jail for Husband in Dowry Death Case

The Supreme Court upheld the conviction under Section 304-B IPC (dowry death), affirming that the prosecution proved demand of dowry, cruelty, and unnatural death within seven years of marriage. The Court emphasized the presumption under Section 113-B of the Evidence Act, shifting the burden to the accused, who failed to rebut it. It clarified that contradictory defenses (accidental fall vs. suicide) weaken the accused's case, and consistent witness testimonies established dowry harassment. The judgment reinforced strict scrutiny of dowry-related deaths and dismissed the appeal, sustaining the 10-year rigorous imprisonment sentence. Facts Of The Case: The case involved the death of Punita (alias Gayatri), who married the accused-appellant Virender Pal on February 28, 2008. Within months ...
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