Author: Legal Parivar

Hindustan Copper emerges as the lone stock subjected to trade restrictions in the futures and options (F&O) segment by the National Stock Exchange (NSE) for April 3, 2024. The stock has been barred from F&O trading due to exceeding 95% of the market-wide position limit (MWPL), as reported by the NSE. However, despite the F&O restriction, the stock remains available for trading in the cash market. The NSE regularly updates its list of securities under F&O trade bans, with Hindustan Copper being the sole inclusion for this trading day. According to the NSE, derivative contracts for the specified securities that…

When the stock market opens on April 3 (Wednesday), attention will be on dividend stocks including Ashok Leyland Ltd, Iykot Hitech Toolroom Ltd, Shiva Cement Ltd, and Sunrise Efficient Marketing Ltd as their respective Boards of Directors have announced significant corporate actions for eligible shareholders. Ashok Leyland: The company has declared an interim dividend of ₹4.95 per equity share for the financial year ending 2023-24. The record date to determine eligibility for the dividend is April 3, with the payment scheduled on or before April 23. Iykot Hitech Toolroom: The company has announced a rights issue of up to 1.41…

On Wednesday morning, a significant earthquake struck the eastern region of Taiwan, including its capital, Taipei. According to the United States Geological Survey (USGS), the earthquake registered a magnitude of 7.4, causing considerable tremors in the area. The epicenter of the quake was located approximately 18 kilometers (11 miles) south of Hualien City in Taiwan, with a depth recorded at 34.8 kilometers (21.6 miles). As a result of the seismic activity, tsunami warnings were issued not only for Taiwan but also for parts of southern Japan. The Director of Taipei’s Seismology Centre informed international media outlets that this earthquake marked…

Read Full Judgment : Ballu @ Balram @ Balmukund and Another vs. The State of Madhya Pradesh The case revolves around the appeal (Criminal Appeal No. 1167 of 2018) brought by Ballu Chaurasiya and another appellant against the State of Madhya Pradesh. They challenged the judgment of the High Court of Madhya Pradesh, which overturned the acquittal by the trial court and convicted them under Sections 302 and 201/34 of the Indian Penal Code (IPC), sentencing them to rigorous imprisonment for life and other terms. The prosecution’s case involved the death of Mahesh Sahu, allegedly caused by the appellants due…

In Civil Appeal, arising from Special Leave Petition (Civil) No. 17665 of 2018, Purni Devi and another are the appellants, while Babu Ram and another are the respondents. The appeal challenges the final judgment of the High Court of Jammu and Kashmir at Jammu, which affirmed the dismissal of an execution application by the Munsiff, Hiranagar, on grounds of limitation. Read Full Judgment : Purni Devi & Anr. v. Babu Ram & Anr The case originates from a suit filed in 1984 by the predecessors of the appellants against the respondents, seeking possession of a property. The suit was decreed…

Case Title: Prem Raj vs. Poonamma Menon & Anr. : Read Full Judgment The Supreme Court granted leave to appeal in the case where the appellant contested a judgment from January 23, 2018, issued in Crl.R.P. No.1111 of 2011 by the High Court of Kerala. This judgment partially allowed the appellant’s Revision Petition against a judgment from the Additional Sessions Judge, Thrissur, dated January 11, 2011, in Criminal Appeal No.673 of 2007. The appellant was convicted under Section 138 of the Negotiable Instruments Act, 1881, for dishonoring a cheque issued to the complainant. The main issue before the court was…

Read Full Judgment In this case, Level 9 BIZ Pvt. Ltd. appealed against an order passed by the High Court of Himachal Pradesh, which disposed of a civil writ petition filed by M/s. Vasu Constructions. The High Court’s order allowed Himachal Pradesh Housing and Urban Development Authority (HIMUDA) to withdraw the cancellation of the initial tendering process and permitted Vasu Constructions to execute the project under the same terms and conditions as the initial tender, despite earlier irregularities found in the tendering process. The events leading to the appeal date back to November 2018 when HIMUDA issued a Notice Inviting…

During a recent event, Chief Justice Of India DY Chandrachud emphasized the delicate balance required between search and seizure powers and individual privacy rights in criminal justice. He also stressed the importance of upholding due process while ensuring the effective functioning of law enforcement agencies. Speaking at the 20th DP Kohli Memorial Lecture organized by the Central Bureau of Investigation (CBI), the Chief Justice stated, “In the realm of criminal justice, the delicate balance between search and seizure powers and individual privacy rights stands at the cornerstone of a fair and just society. At the heart of this balance lies…

CAPA India, an aviation consultancy, has estimated that domestic air passenger traffic for the fiscal year 2023-24 stood at 153.4 million. This figure represents a slight decrease from their earlier projection of over 160 million made in March 2023, when they had revised it down to 155 million in October of the same year. In terms of international traffic, CAPA India had forecasted around 70 million passengers in October 2023, which was slightly lower than their previous estimate of 72-74 million made in March of that year. Providing an update for the fiscal year 2023-24, CAPA stated that domestic traffic…

Hindustan Zinc Ltd experienced a slight decline of 1 percent in mined metals output, with 299 kilo tonnes (KT) in the final quarter of FY24 compared to 301 KT a year earlier. However, over the entire fiscal year 2023-24, mined metal production saw a 2 percent increase, reaching 1,079 KT compared to 1,062 KT in 2022-23. Refined metal production, encompassing zinc and lead, witnessed a 1 percent growth to 273 KT, compared to 269 KT during the same period last year. However, the overall production for the entire year remained consistent at 1,033 KT. In terms of integrated silver production,…