Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank.
The Bombay High Court has imposed a cost of Rs 1 lakh on former cricket administrator Lalit Modi while dismissing his petition seeking an order to BCCI to pay penalty of Rs 10.65 crore imposed on him by ED for violating Foreign Exchange Management Act (FEMA).
The court referred to a judgment passed by the Supreme Court 60 years ago wherein it was declared that in India, the angels and saints of Michelangelo do not need to be made to wear breeches before they can be viewed.
Jewellery retailers witnessed a 20 per cent increase in the sale of ornaments during the last fortnight. The rise was due to more consumer footfalls following a 1.6 per cent correction in prices.
While the Supreme Court has cleared the decks for the release of the Sanjay Leela Bhansali movie, there is uncertainty over whether it would be screened in the three states, as some multiplexes and single-screen cinemas fear the repercussions.
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