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Bail can be granted, subject to limited custody: Kerala High Court


Allowing a bail application, the Kerala High Court stated that the petitioner can be granted bail on the condition of limited custody to the prosecution for the purpose of completing the investigation. This was delivered by Hon’ble Justice Gopinath P., in the matter between Shameer v State of Kerala, Bail Appl. No. 10101 of 2021, decided on January 13, 2022.

The petitioner is the accused in Crime No. 1536 of 2021 of Thrikkakara Police Station, Ernakulam District, alleging commission of offences under Sections 307, 323 and 324 of the Penal Code, 1860. The petitioner is alleged to have stabbed the complainant and attacked him with a helmet in a dispute between them relating to borrowed money.

It is claimed by the counsel that the petitioner is innocent and has already been in custody since 12th of December, 2021 and a continuation in the detention is not necessary. The prosecution in the defense stated that the weapons used against the complainant have been partly discovered, and a grant of bail to the petitioner might cause hindrance in successful prosecution.

The bench after going through the submissions of the counsels, facts and circumstances of the present case stated that the petitioner maybe granted a bail on a condition that he will be available to the prosecution for the purpose of completion of the instigation, and therefore be in limited custody.

The bail application was allowed on certain conditions. The petitioner is order to pay a bond sum of rupees fifty thousand along with two solvent securities. The petitioner was asked to cooperate with the investigation and not, in any way, try to interfere with the procedural investigation. In addition, the petitioner shall not commit any crime while on bail.

The bench remarked that, violation of any condition shall deem the bail cancelled and the prosecution may file an application with regard to the same.

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Reviewed by Namisha Choudhary.

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It is judicial duty to take immediate and proximate facts into evidence to reach a reasonable conclusion – The SECURITIES AND EXCHANGE BOARD OF INDIA

It is judicial duty to take immediate and proximate facts into evidence to reach a reasonable conclusion – The SECURITIES AND EXCHANGE BOARD OF INDIA

It is judicial duty to take immediate and proximate facts into evidence to reach a reasonable conclusion in a way an reasonable man would adopt to arrive one and applying the method the noticee was found to be indulged in not genuine trades and was the acts were found violative under section 15HA of the SEBI Act for the violation of regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003. the case was adjudicated by ANSUMAN DEV PRADHAN adjudicating officer in ADJUDICATION ORDER NO.: Order/AP/SS/2021-22/14720.

The facts of the case were that the Securities and Exchange Board of India (SEBI) conducted investigation into the trading activity in illiquid stock options on Bombay Stock Exchange Limited (BSE) for the period April 01, 2014, to September 30, 2015, observing large scale reversal of trades in the Stock Options segment of the BSE. Pursuant to investigation, it was observed that during the period, total of 2,91,744 trades comprising substantial 81.40% of all the trades executed in stock options segment of BSE were non genuine trades. The non genuine trades resulted into creation of artificial volume in stock options segment of BSE during the IP. It was observed that Ms. Radha Devi Banka (Noticee) was one of the various entities who indulged in execution of reversal trades in stock options segment of BSE during the IP. Such trades were observed to be non-genuine in nature and created false and misleading appearance of trading in terms of artificial volumes in stock options segment and therefore were alleged to be manipulative, deceptive in nature In view of the same, SEBI initiated adjudication proceedings against the Noticee for violation of the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (PFUTP Regulations, 2003). SEBI appointed the undersigned as Adjudicating Officer under Section 15-I of the Securities and Exchange Board of India Act, 1992 (SEBI Act, 1992) read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (Adjudication Rules, 1995) to inquire against the noticee for the alleged violations of PFUTP Regulations, 2003

The adjudicating officer notices that the Noticee had executed reversal trades which were the non-genuine trades and the same led to the generation of artificial volume in stock options contracts at BSE and it is also noted that the matching of trades cannot be a mere coincidence and it shows that there is a clear meeting of minds because non-genuine trades cannot be conducted without meeting of minds at some level.

After taking all the facts and circumstances into notice the officer is of the view that the Noticee indulged in execution of reversal trades in stock options on BSE in the Investigation Period which were non-genuine and created false and misleading appearance of trading in terms of artificial volumes in stock options, leading to violation of regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003. And imposed a penalty of ₹5,00,000/- on the noticee

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Order reviewed by Naveen Sharma

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Schizophrenia A Ground For Divorce: In The High Court Of Judicature At Bombay Nagpur Bench, Nagpur.

The Appellant filed for divorce against his wife because she was diagnosed with an incurable schizophrenic disease. The learned judge G. A. SANAP, J, dismissed the appeal due to lack of substance from the Appellant’s side. The learned judge passed the judgment on 14.01.2022 in the Family Court Appeal No. 95 OF 2014 in DANESH MADHUKARRAO PAHADE V. SMITA DANESH PAHADE.

Facts of the case – On the 4th of February, 1991, the Appellant and the respondent married. The respondent moved in with the Appellant after his marriage. On the 06th of August 1992, the couple had their first child, Swaroopa. The Appellant claims that the respondent has never acted or behaved normally from the commencement of their relationship. The respondent had severe signs of mental illness, which manifested itself in unsettling acts of violence. The respondent and the Appellant’s family used to be always at differences. The respondent’s behavior disrupted the Appellant’s home’s tranquil atmosphere. According to the Appellant, the respondent progressively admitted that she had a mental illness. Mr. Kishor Gojalwar, their family doctor, initially treated her. Dr. Sudhir Bhave, a psychiatrist, was recommended to her by her family doctor. According to Dr. Sudhir Bhave, the responder was depressed. He wrote the prescriptions. The responder took medications for a while but declined to see Dr. Bhave and ceased taking medications.

In 1995, the responder traveled to her parent’s house and stayed there. The Appellant’s daughter was living with him. According to the Appellant, the respondent oppressed him and his family members. According to the Appellant, the respondent abandoned him for more than two years without explaining before filing the petition. The responder has an incurable mental disorder. The Appellant contends that he will be unable to maintain his marriage to the respondent in the future. He petitioned for divorce on the grounds stated above. The claim was disputed by the respondent, who provided a written statement. The respondent rejected the substance of the Appellant’s complaints. According to the respondent, the Appellant and his family members allegedly tormented and abused the respondent in her marital residence. The Appellant and his family drove the respondent out of the home in 1994. She was staying with her parents. The responder has been performing community service. The respondent claims that the Appellant took unfair advantage of the situation to custody the girl. The respondent was forced to retain her daughter in possession of her mother-in-law because she was working.

She had filed the petition after being refused permission to meet her daughter. The petition was denied. She has expressed her willingness to live with and cohabit with the Appellant. After 1994, the Appellant and respondent agreed that they would live apart but that the respondent would not be denied access to the little daughter. The Appellant and respondent settled their minor disagreements in February 2005 and began cohabiting. They decided to share a home for two years. The respondent has expressly disputed that they had cohabited for two years before filing the petition.

Mrs. Padma Chandekar, the learned Advocate for the Appellant, stated that the Appellant’s oral and documentary evidence is coherent, credible, and adequate to accept his case. The learned Advocate has relied on the rulings in Uttara Praveen Thool v. Praveen Bhanudas Thool and Smt. Santana Banerjee v. Sachindra Nath Banerjee to substantiate this position. In these cases, it is concluded that there must be forgiveness and restoration to establish condonation under Section 23 (1) (b) of the Hindu Marriage Act, 1955 and that the stated act must be a bilateral act of both spouses rather than a unilateral act of one of the parties. It is believed that occasional cohabitation to heal a relationship does not constitute a condonation of cruelty. The learned Advocate went on to say that the medical evidence was adequate to show that the respondent was suffering from an incurable Schizophrenia disorder. The three grounds asserted in the divorce case have been proven, according to the learned Advocate for the Appellant, and hence the appeal ought to be accepted.

Shri U. M. Aurangabadkar, the learned Advocate for the respondent, contended that the grounds cited by the Appellant for obtaining a divorce order had not been shown in this instance. The learned Advocate said that the basis of desertion could not be recognized because the petition was filed by the Appellant and respondent in 2005, within two years after establishing the cohabitation. According to the learned Advocate, the parties lived together. They cohabited for two years in 2005 as part of a negotiated settlement, and so the abovementioned act would represent the condonation of the grounds of cruelty and desertion. According to the learned Advocate, in this matter, the Appellant has failed to substantiate the grounds of cruelty, abandonment, and mental instability related to schizophrenia. The learned Advocate has relied on judgments in the cases of Ram Narain Gupta v. Smt. Rameshwari Gupta, Naveen Kohli v. Neelu Kohli, and Kollam Chandra Sekhar v. Kollam Padma Latha establish this contention.

The learned judge declared that the Appellant’s evidence was insufficient to sustain the desertion claim. It is crucial to note at this point that the Appellant and respondent reconciled their differences in 2005 and began living together. As a result, the legal need for separation is not met in this situation. The second critical factor is animus deserendi. There must be clear evidence to prove that the marriage is irreparably destroyed and that the parties have no desire to live together or cohabit. The respondent, in this case, is prepared to live with the Appellant. There is solely Appellant’s testimony on the issue of desertion. He may have investigated his family members to substantiate his findings on the material elements. There is no conceivable rationale for not questioning a family member as a witness in this scenario. It is worth noting that, now that the daughter has reached the age of majority, she would have vouched for both the Appellant’s and the respondent’s actions.

As a result, in the opinion of the learned judges, the basis of desertion cannot be recognized, first, since there is no cause of action, and second, because there is no definite and persuasive proof.

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Reviewed by Rangasree. 

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Writ petition against SEBI dismissed for being  premature  and considered beyond the writ jurisdiction – Madras high court

Writ petition against SEBI dismissed for being  premature  and considered beyond the writ jurisdiction – Madras high court

A petition for issuance of a writ of Mandamus was filed under article 226 of the constitution of India to direct SEBI to exercise its powers for necessary action against the promoter was heard by a two-judge bench of THE HONOURABLE MR. JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MRS.JUSTICE S.ANANTHI in the case of T.Palpandi versus The Securities and Exchange Board of India and Ors W.P.(MD) No.9667 of 2019 and WMP(MD). No.11129 of 2019

The petitioner has filed to direct the SEBI to use its powers and take necessary actions on the personnel of Commodity Broking Companies, which have been declared ‘Not fit and Proper’ and to declare other companies regulated under SEBI as ‘Not fit and Proper Person’ in the interest of the market participants. this was the second petition in the same matter the earlier writ petition WP(MD)No.4947 of 2018 was disposed of. In this petition, the petitioner has named certain persons who according to the petitioner are errant brokers and alleges that SEBI has been selective in acting and therefore, seeks for appropriate direction to consider the representation. The SEBI has filed a counter-affidavit and mentioned various levels of investigation.

The court decides that SEBI is a Regulatory Authority and is functioning under the provisions of the Securities and Exchange Board of India Act, 1992  the powers of authority is clearly defined hence this court cannot issue any direction or any order which is investigated by the authority and appellants are under the appellate board.

Therefore the main question is whether a Writ of Mandamus can be issued to SEBI to take action against the five individuals in the matter.   The court is of the view that these areas are well beyond the scope of writ jurisdiction of this Court. So, the petitioner has to necessarily wait for the decision of the Appellate Board before whom the investigation is going on. this court decides the writ petition as premature and the petition stands closed.

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judgment reviewed by Naveen Sharma

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Judgment without discussing the oral evidence or the evidence by way of affidavit is extremely cryptic: High Court of Delhi

The Trial Court ought to discuss the evidence on record in order to arrive at the conclusion as. Judgment passed by the Trial Court would extremely cryptic if there is no analysis of the evidence adduced by the parties at all. These were stated by High Court of Delhi, consisting Justice Prathiba M. Singh in the case of Ram Kishan vs. Satya Vir Singh [C.R.P. 51/2020] on 12.01.2022.

The facts of the case are that the Petitioner and Respondent No.2 are brothers and sons of Late Shri Maithali Ram and Late Smt. Devki Rani. The case of the Petitioner is that the Respondent No.1 – Late Shri Satyavir Singh was the tenant in the half portion of the property (hereinafter “suit property”), which is a residential property. Initially, vide order dated 23rd March, 2012, the Trial Court granted leave to defend to the tenant. Thereafter, the matter proceeded before the Trial Court. A detailed evidence was led on behalf of both the parties. Vide the final judgment, the Trial Court dismissed the petition on two primary grounds. First, the suit property identified by the Petitioner was located in Shakarpur, whereas Shakarpur and Mandawali Fazalpur are two different localities. Hence, the Petitioner has failed to prove the ownership of the suit property. Secondly, the Trial Court held that there is no landlord-tenant relationship between the parties.

The Counsel for the Petitioner submitted that the identity of the property was never in question in these proceedings. Reliance was placed upon a reply given by the Respondent No.1 to the legal notice issued by the Petitioner, wherein the Respondent No.1 clearly claimed ownership in the property located in Shakarpur, Shahdara, Delhi. It was further submitted that Respondent No.1 never challenged the identity of the property in the said reply. Thus, the Court could not have held that these are two separate properties, and that the ownership thereof has not been proved by the Petitioner. He further submits that the Trial Court has clearly gone beyond the mandate of Section 14(1)(e) of the DRC Act itself.

The Counsel for the Respondents submitted that the documents which have been placed on record including the General Power of Attorney (GPA), describes the seller Smt. Maya Devi from whom the Petitioner’s parents purchased the suit property as a resident of property. However, he submitted that the sale is of the property in Mandawali Fazalpur, Delhi. It was therefore, submitted that even the sale deed shows that the property which was being sold is at Mandawali Fazalpur, and not Shakarpur.

The High Court of Delhi held that the impugned judgment passed by the Trial Court is extremely cryptic as there is no analysis of the evidence adduced by the parties at all. This Court is of the opinion that if there was a dispute as to the identity of the suit property, the Trial Court ought to have discussed the evidence on record in order to arrive at the conclusion as to whether the two properties are the same, or not. Secondly, the Trial Court also arrived at the finding that there is no document to prove the existence of landlord-tenant relationship between the parties. This finding, as well, has been recorded in merely five lines of the impugned judgment without discussing the oral evidence or the evidence by way of affidavit filed by the parties. The property mentioned above can be easily described as B-7, Aruna Park, Shakarpur. It cannot, therefore, be conclusively stated that the identity of these two properties i.e., the suit property and the property sold as per the sale deed are different. The Court stated that, it has to be kept in mind that prior to urbanization of colonies in Delhi, no proper plot numbers were allotted. Thus, the identity of the property does not appear to have been in issue in the eviction petition. These documents ought to be examined in detail by the Trial Court, in order to arrive at a finding as to whether the Respondent No.1 has any right to retain the said property as also whether there is in fact any dispute as to the identity of the property at all. If there is no such dispute relating to the identity of the suit property, the Trial Court shall proceed in the matter, in accordance with law, under Section 14(1)(e) of the DRC Act. The impugned order was accordingly set aside. The Court direct the Trial Court to hear the final arguments once again on the basis of the pleadings and the evidence on record, and decide the matter, within six months.

Judgment reviewed by Shristi Suman. Read Judgment

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