Fredun Devitre News Today

In 2014, after Syedna Muffadal Saifuddin succeeded his father, his half-brother Khuzaima Qutbuddin challenged it in the Bombay High Court.

HC resolves successor dispute, affirming Syedna Mufaddal Saifuddin as the 53rd Dai for the Bohra community. Concerned about potential schism, Justice

Decade-long tussle for leadership of small, prosperous community ends; what is the concept of 'nass' at the heart of the dispute?

The former Supreme Court judge, who is also an ordained Parsi priest, was asked to what extent it would be right for a judge to bring his own religious beliefs while deciding a case.

Justice Gautam S Patel has been hearing the suit for final disposal since November last year. In 2014, the 52nd Dai-al-Mutlaq, Syedna Mohammad Burhanuddin, passed away, and his son, Mufaddal Saifuddin, succeeded him. This was challenged by Syedna's half-brother, Khuzaima Qutbuddin, in the HC.

Although PNB Housing’s articles of association (AoA) stipulate that the valuation should be conducted by a registered valuer, this is not required under the Companies Law for a listed company. “The golden rule of law is to follow what the legislature says. Sebi can’t say what the legislature says is wholly excluded is required to be followed because of the AoA,” Dwarkadas said. “I submit there is no room for ambiguity. Listed company as a class is concerned — they are wholly taken ...

Jul 13 2021, 8:44 PM July 13 2021, 6:15 PM July 13 2021, 8:44 PM The Securities Appellate Tribunal raised concerns on the market regulator’s directions to PNB Housing Finance Ltd. that came even before the company’s shareholders could vote on the preferential allotment resolution.In the hearing on Tuesday, the appellate tribunal "raised an objection" on Securities and Exchange Board of India’s stance that the preferential allotment resolution is ultra vires the companys articles ...