2017-TIOLCORP-10-SEBI

Reliance Petroleum Ltd

Whether dabbling in the F&O Market through agents and executing trades through a common person in the cash segment to circumvent the position restrictions amounts to commission of fraudulent and manipulative trades in securities in terms of the SEBI (PFUTP) Regulations - YES : SEBI.

Whether selling huge number of shares in the cash segment in the last ten minutes of the trading session on a particular date may be construed as fraudulent or manipulative act when the underlying idea behind the huge sales is to dump on the market to depress the price of the scrip- YES : SEBI.

Whether SEBI is empowered to take enforcement action for violation of the PFUTP Regulations in terms of sec 18A of SCRA - YES: SEBI.

Whether the agency agreements executed among the parties to trade in the F&O segment involve a violation of the provisions of Benami Transactions (Prohibitions) Act, 1988 - NO : SEBI.

Directions Imposed: SECURITIES AND EXCHANGE BOARD OF INDIA

2017-TIOLCORP-33-HC-MUM-IPR

Cipla Ltd Vs Cipla Industries Pvt Ltd

Whether using a registered trade mark as a corporate or trading name or style in respect of goods dissimilar to the ones for which the trade mark is registered amounts to infringement - NO : HC

Whether sub-sections (4) and (5) of section 29 which deals with infringement of Trade Marks operate in separate and mutually exclusive spheres - YES : HC

Whether sections 29(1), 29(2) and 29(4) will apply in "trade mark versus mark" situations - YES : HC

Case Remanded: BOMBAY HIGH COURT