WASHINGTON — The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies. The in-house proceedings the SEC has used in some civil fraud complaints, including against Houston hedge fund manager George Jarkesy, violate the Constitution, the court said. …
The Delhi High Court has ruled that in a suit filed by a party, the time spent by the opposite party in pursuing its application under Section 8 of the Arbitration and Conciliation Act, 1996, cannot be excluded for the purpose of computation of the limitation period for filing the counter-claims by the opposite party before the Arbitral Tribunal. Section …
In its postscript to the 182 paged judgment refusing to quash Delhi Assembly's summons To Facebook India Head In Delhi Riots Enquiry, the Supreme Court emphasized the need to restrict the time period for oral submissions by lawyers and to have 'more crisp, clear and precise' judgments which litigants can understand. "The purpose of our post script is only to …
The Supreme Court has held that the pendency of proceedings under Domestic Violence Act or any Residence order interim or final, passed under it, is not an embargo for initiating or continuing any civil proceedings, which relate to the subject matter of such orders/proceedings.The order passed under D.V. Act giving right of residence by interim or final order are binding …
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