2017-TIOLCORP-NEWS-078 | Thursday, April 20, 2017

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COMPANIES ACT
 
2017-TIOLCORP-25-HC-DEL-CA

Raj Kumar Devraj Vs National Company Law Tribunal

Whether the High Court, in exercise of its powers under article 226, can interfere with administrative discretion of the NCLT President relating to constitution of benches and distribution & assignment of cases - NO: HC

- Petition Dismissed: DELHI HIGH COURT

 
CAPITAL MARKET LAWS
 
2017-TIOLCORP-07-SAT

Khandwala securities ltd Vs SEBI

Whether selling of stock at unreasonably higher price, as compared to the prevailing market price, to manipulate the market would amount to a fraudulent practice and can be a reason for suspension of license of stock broker - YES : SAT

Whether the very fact that orders for purchasing shares were placed at far away prices would be sufficient to give a false picture to the investors in the scrip even if some of the orders so placed did not fructify - YES: SAT

- Appeal Dismissed: SEBI

 
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