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Is Sahara India v. SEBI still good law on the SEBI's jurisdiction over CIS schemes by unlisted companies?
Good lawβ Sahara India Real Estate Corp. Ltd. v. SEBI, (2013) 1 SCC 1, remains the leading authority on the reach of SEBI's jurisdiction over collective investment schemes by unlisted companies that effect a public issue.
The principle has been followed in Roofit Industries v. SEBI (2018) and reaffirmed by the three-judge bench in Pancard Clubs v. SEBI (2022).
Bottom line: still good law. No subsequent ruling has departed from the Sahara framework on this point.
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- Supreme Court4 May2026 INSC 442
Attavar v. State of Maharashtra
Advocates defending accused persons where an FIR has been registered pursuant to a High Court writ direction β without the complainant first exhausting BNSS remedies before the SP or Magistrate β can cite this judgment to quash both the writ order and the FIR; conversely, complainants must ensure they traverse the full statutory ladder under Sections 173(4) and 175(3) BNSS before approaching the High Court under Article 226.
criminalconstitutionalwrit - Supreme Court4 May2026 INSC 444
RPSC v. Lavanshu Sankhla & Ors.
Recruiters and candidates in public service selections must note that where a service rule's proviso permitting "final-year appearing" candidates has been deleted, no amount of subsequent acquisition of qualification can cure ineligibility at the application stage β advocates advising PSC candidates or challenging eligibility cut-offs should scrutinise the current text of the applicable service rules before relying on any candidate-friendly interpretation of the advertisement.
servicewrit - Supreme Court16 Apr2026 INSC 372
S. Valliammai & Others v. S. Ramanathan & Another
Defendants who routinely invoke Order VII Rule 11(d) to reject plaints on the ground of Order II Rule 2 bar will now fail at the threshold β courts must dismiss such applications and proceed to trial; plaintiffs facing such applications should cite this judgment to resist premature rejection and insist that the Order II Rule 2 plea be tested only after evidence is recorded.
civilproperty
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RPSC v. Lavanshu Sankhla & Ors.
Where a service rule's proviso permitting final-year-appearing candidates has been deleted, subsequent acquisition of qualification cannot cure ineligibility at the application stage.
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