The Complete Supreme Court Annual Digest- 2023 [Part-XVIII]

Securities and Exchange Board of India Act, 1992 Securities and Exchange Board of India Act, 1992 - Fees paid by director does not attract exemption under Clause 4 of schedule III of the Securities and Exchange Board of India Regulations, 1992. Ltd. v. Prudent ARC Ltd; 2023 LiveLaw 11 : AIR 2023 SC 368 : 1 SCR 553 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; Section 14 - Magistrate's Order under Section 14 of the SARFAESI Act cannot be quashed by High Court in exercise of its powers under Section 482 of the Cr.PC when there is a remedy under the SARFAESI Act. Ltd., 2023 LiveLaw 808 : AIR 2023 SC 4568 : 2 SCC 1 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; Section 13 - The two decisions of the Telangana High Court in the case of Concern Readymix v. Authorised Officer, 2018 SCC OnLine Hyd 783 and Amme Srisailam v. Union Bank of India do not lay down the correct position of law. State of West Bengal v. Debabrata Tiwari, 2023 LiveLaw 175 : AIR 2023 SC 1467 : 2 SCR 611 Compassionate Appointment: Supreme Court Summarises Principles. Ashok Ram Parhad v. State of Maharashtra, 2023 LiveLaw 196 : AIR 2023 SC 1591 : 2 SCR 900 Government servants cannot claim the benefits of Double Overtime Allowance Benefits under the Factories Act, dehors the service rules - Unlike those employed in factories and industrial establishments, persons in public service who are holders of civil posts or in the civil services of the Union or the State are required to place themselves at the disposal of the Government all the time - Persons holding civil posts or in the civil services of the State enjoy certain privileges and hence, the claim made by the respondents ought to have been tested by the Tribunal and the High Court, in the proper perspective to see whether it is an attempt to get the best of both the worlds.