A Vaidyanathan With Inputs From Agencies
- All
- News
-
Shapoorji Pallonji Group Files Plan In Top Court To Part Ways From Tata Group
The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was ...
-
Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
-
Top Court Restricts Shapoorji Pallonji Mistry Group From Raising Capital Using Tata Sons Shares
The SP Group's shareholding in the country's largest business house is estimated at more than Rs 1 lakh crore.
-
Jailed Unitech Promoter Sanjay Chandra Gets Bail As Parents Hospitalised
The Supreme Court on Tuesday granted bail to real estate company Unitech's promoter, Sanjay Chandra, who has been in jail for the last three years for allegedly duping home buyers in two housing projects in Gurugram. Sanjay Chandra's parents are unwell and hospitalized, the court was told. Sanjay Chandra has been granted bail for one month but his ...
-
Supreme Court Slams Government For "Misuse" Of Telecom Verdict
The Supreme Court today sharply rebuked the Department of Telecommunications (DoT) for demanding Rs 4 lakh crore from state-run firms and accused it of misusing an earlier judgment. "This is wholly and totally impermissible," the court said, referring to what the government's telecom department has demanded from Public Sector Units (PSUs) like Oil ...
-
Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI
Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."
-
Supreme Court Lifts RBI Ban On Trading In Cryptocurrency: 10 Points
The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...
-
New Board To Take Over Unitech As Top Court Approves Centre's Proposal
The new board chaired by Mr Malik will file a report on the resolution framework to sort out the housing mess of Unitech within two months.
-
Telecom Companies To Pay Rs 92,000 Crore As Dues To Government; Top Court Rejects Plea For Review
In a major setback for mobile service providers, the Supreme Court on Thursday rejected telecom companies' plea seeking a review of its earlier order that allowed the government to collect dues worth Rs 92,000 crore from them. "Applications for hearing in open court/oral hearing are rejected. Having perused the review petitions and the connected pa...
-
Supreme Court Allows ArcelorMittal To Complete Deal To Acquire Debt-Laden Essar Steel
The Supreme Court on Friday cleared the way for steel giant ArcelorMittal to complete its purchase of debt-laden Essar Steel for Rs 42,000 crore, setting aside the National Company Law Appellate Tribunal (NCLAT)'s order giving equal status to financial and operational creditors. The order came as a huge win for lenders who had challenged the bankru...
-
Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC - 10 Points
The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which has been accused of fraud. The sum was earlier deposited by the Amrapali group with the top court's registry. The two projects are in N...
-
"Kill PM Plot" Can't Be Vague Charge: Justice Chandrachud's Dissent View
Justice DY Chandrachud, one of three Supreme Court judges who ruled today over the arrest of five activists for alleged links to Maoist insurgents, gave a dissenting view, saying that the police appeared to be sponsoring a media trial of the accused. He said the charges against activists of involvement in a plot to assassinate Prime Minister Narend...
-
"We Didn't Incite Anyone To Commit Crime": Top Court vs Centre On Dalit Act
Hearing the centre's request to review its own order, the Supreme Court on Thursday said it was "100 per cent" for the protection of Dalits against atrocities but no one should be "falsely implicated". The government said the court's move in March to make it more difficult to arrest people for crimes against Dalits weakened the law and amounted to ...
-
Mayawati's Elephant Statues Usher New Rules About Wasting Public Money
No political party would be allowed to use public funds and government machinery to publicise its political symbol, the Election Commission has said, amid a legal tussle over elephant statues in Uttar Pradesh installed during the Bahujan Samaj Party's rule.
-
Triple Talaq Has No Place In A Secular Country: Centre To Supreme Court
The centre is opposed to the Muslim practice of triple talaq, it has informed the Supreme Court, describing it as "misplaced in a secular country."
-
Shapoorji Pallonji Group Files Plan In Top Court To Part Ways From Tata Group
The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was ...
-
Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
-
Top Court Restricts Shapoorji Pallonji Mistry Group From Raising Capital Using Tata Sons Shares
The SP Group's shareholding in the country's largest business house is estimated at more than Rs 1 lakh crore.
-
Jailed Unitech Promoter Sanjay Chandra Gets Bail As Parents Hospitalised
The Supreme Court on Tuesday granted bail to real estate company Unitech's promoter, Sanjay Chandra, who has been in jail for the last three years for allegedly duping home buyers in two housing projects in Gurugram. Sanjay Chandra's parents are unwell and hospitalized, the court was told. Sanjay Chandra has been granted bail for one month but his ...
-
Supreme Court Slams Government For "Misuse" Of Telecom Verdict
The Supreme Court today sharply rebuked the Department of Telecommunications (DoT) for demanding Rs 4 lakh crore from state-run firms and accused it of misusing an earlier judgment. "This is wholly and totally impermissible," the court said, referring to what the government's telecom department has demanded from Public Sector Units (PSUs) like Oil ...
-
Are Shadow Banks Eligible For Loan Moratorium? Top Court Asks Centre, RBI
Real estate developers' apex body CREDAI, in an April plea, had argued that the RBI's circular on the moratorium is an "eyewash."
-
Supreme Court Lifts RBI Ban On Trading In Cryptocurrency: 10 Points
The Supreme Court on Wednesday allowed dealing in cryptocurrency, quashing an earlier ban imposed by the Reserve Bank of India (RBI) on trading in virtual currencies such as Bitcoin. The development came as a major relief for the sector, as the RBI ban restricted lenders from facilitating banking transactions for cryptocurrency exchanges and trader...
-
New Board To Take Over Unitech As Top Court Approves Centre's Proposal
The new board chaired by Mr Malik will file a report on the resolution framework to sort out the housing mess of Unitech within two months.
-
Telecom Companies To Pay Rs 92,000 Crore As Dues To Government; Top Court Rejects Plea For Review
In a major setback for mobile service providers, the Supreme Court on Thursday rejected telecom companies' plea seeking a review of its earlier order that allowed the government to collect dues worth Rs 92,000 crore from them. "Applications for hearing in open court/oral hearing are rejected. Having perused the review petitions and the connected pa...
-
Supreme Court Allows ArcelorMittal To Complete Deal To Acquire Debt-Laden Essar Steel
The Supreme Court on Friday cleared the way for steel giant ArcelorMittal to complete its purchase of debt-laden Essar Steel for Rs 42,000 crore, setting aside the National Company Law Appellate Tribunal (NCLAT)'s order giving equal status to financial and operational creditors. The order came as a huge win for lenders who had challenged the bankru...
-
Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC - 10 Points
The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which has been accused of fraud. The sum was earlier deposited by the Amrapali group with the top court's registry. The two projects are in N...
-
"Kill PM Plot" Can't Be Vague Charge: Justice Chandrachud's Dissent View
Justice DY Chandrachud, one of three Supreme Court judges who ruled today over the arrest of five activists for alleged links to Maoist insurgents, gave a dissenting view, saying that the police appeared to be sponsoring a media trial of the accused. He said the charges against activists of involvement in a plot to assassinate Prime Minister Narend...
-
"We Didn't Incite Anyone To Commit Crime": Top Court vs Centre On Dalit Act
Hearing the centre's request to review its own order, the Supreme Court on Thursday said it was "100 per cent" for the protection of Dalits against atrocities but no one should be "falsely implicated". The government said the court's move in March to make it more difficult to arrest people for crimes against Dalits weakened the law and amounted to ...
-
Mayawati's Elephant Statues Usher New Rules About Wasting Public Money
No political party would be allowed to use public funds and government machinery to publicise its political symbol, the Election Commission has said, amid a legal tussle over elephant statues in Uttar Pradesh installed during the Bahujan Samaj Party's rule.
-
Triple Talaq Has No Place In A Secular Country: Centre To Supreme Court
The centre is opposed to the Muslim practice of triple talaq, it has informed the Supreme Court, describing it as "misplaced in a secular country."
