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Bombay High Court: Profit from Margin Glitch Not Unjust Enrichment in Kotak Securities Case
Court News

Bombay High Court: Profit from Margin Glitch Not Unjust Enrichment in Kotak Securities Case

Bombay High Court rules that profits earned from a trading margin glitch are not unjust enrichment. Kotak Securities cannot reclaim ₹1.75 crore as trader’s skill and risk, not sys…

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Placeholder image for Mafatlal Industries Ltd. vs Union of India (1996)
Landmark Judgements

Mafatlal Industries Ltd. vs Union of India (1996)

The Supreme Court clarified indirect tax refunds, upholding statutory procedures under Section 11B, preventing unjust enrichment, and ensuring public revenue protection.

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