A group of lenders to educational technology (edtech) giant Byju's has told the firm that they're open to negotiations with the company to resolve litigation and other disputes, according to people familiar with the matter. However, they have told Byju's that they will not engage in the firm's proposal for one-on-one meetings, according to sources. Byju's recently filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion Term Loan B (TLB) facility, and disqualify the lender for its "predatory tactics".
The Supreme Court on Wednesday refused to entertain pleas seeking a direction to the Centre to frame religion and gender-neutral uniform laws governing subjects like marriage, divorce, inheritance and alimony, saying it cannot direct Parliament to "enact the law".
Supreme Court judge Sanjay Karol on Wednesday recused himself from hearing a plea filed by the Bihar government challenging a Patna high court order granting a stay on the caste survey it was conducting.
The Supreme Court on Friday told a litigant, who appeared in person and started arguing his case in Hindi, that the language of the court was English.
oved the Supreme Court against a high court decision dismissing its PIL against Union Law Minister Kiren Rijiju and Vice President Jagdeep Dhankhar for their remarks on judiciary and the collegium system for appointment of judges.
Chief Justice of India (CJI) D Y Chandrachud on Tuesday said the greatest challenge before the Indian judiciary is to eliminate barriers to accessing justice and make sure that the judiciary is inclusive and accessible to the last person in the line.
The Supreme Court on Monday said the ministry of defence cannot take law in its own hands by issuing communication on payment of One Rank-One Pension (OROP) arrears in four instalments.
A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and Manoj Mishra agreed to hear the plea after senior advocate Abhishek Singhvi, appearing for Gandhi, sought listing of the appeal on July 21 or July 24.
A plea has been filed in the Supreme Court seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to enquire and investigate into the Hindenburg Research report which made a slew of allegations against the business conglomerate led by industrialist Gautam Adani. The fresh public interest litigation (PIL), filed by advocate Vishal Tiwari, has also sought directions to set up a special committee to oversee the sanction policy for loans of over Rs 500 crore given to big corporates. Last week, another PIL was filed in the apex court seeking prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US for allegedly exploiting innocent investors and the "artificial crashing" of Adani Group's stock value in the market.
Jet's air operator certificate will lapse on May 19.
The Supreme Court on Monday said that it will hear on March 17 pleas dealing with two separate issues of alleged 'fraudulent conversions' and challenge to various state laws on religious conversions due to interfaith marriages respectively.
A bench of justices B R Gavai and Vikram Nath said there is no merit in the petitions and dismissed them with liberty to the petitioners to approach the high court concerned.
Markets regulator Sebi on Thursday said it has lined up three properties of Saradha Group of Companies for an auction on December 16, at a reserve price of Rs 5.21 crore. The move is part of Sebi's efforts to recover money raised by the company from the public through illicit schemes. In a notice, the Securities and Exchange Board of India (Sebi) said the auction will be conducted between 11 am to 12 pm on December 16, 2022. The properties to go under the hammer include land parcels located in West Bengal.
In yet another immigration-friendly move that would benefit thousands of Indian-American women, the Biden administration has agreed to provide automatic work authorisation permits to the spouses of H-1B visa holders, most of whom are Indian IT professionals.
'They are afraid that if they approach a police station for filing a complaint they might themselves get arrested under some random charges.'
A 1,200-year-old Hindu temple in Pakistan's Lahore city will be restored after 'illegal occupants' were evicted from it following a lengthy court battle, the federal body overseeing minority worship places in the country said on Wednesday.
Justice Ajit Borthakur in his judgement said that the court is of the opinion that the case is not a fit one to grant the privilege of pre-arrest bail to the petitioner and as such it stood rejected.
GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the last fiscal in case their suppliers fail to deposit the due tax by September 30, the finance ministry has said. The taxpayers, however, can reclaim the ITC later following the deposit of taxes by the supplier. The ministry has inserted Rule 37A in Central Goods and Services Tax rules to give effect to the new provision.
The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, "Notices were issued for donations made during the assessment years of 2017-18 through 2020-21."
The Supreme Court ordered on Monday that no invasive work would be undertaken by the Archaeological Survey of India (ASI) to determine if the Gyanvapi mosque located next to the Kashi Vishwanath temple in Varanasi was built upon a temple and agreed to hear a plea moved by the mosque committee during the day.
The Karnataka high court on Friday allowed the Isha Yoga Centre's Adiyogi statue to be inaugurated in Chikkaballapura district of Karnataka on January 15.
Observing that issues pertaining to the change of land use should be addressed on the administrative side, the Supreme Court on Thursday rejected the Supreme Court Bar Association's plea to allot an entire tract of land, which was allotted to the apex court, for conversion into a chamber block for lawyers.
The ministry also submitted that the identification of scheduled castes is centred around a specific social stigma that is limited to the communities identified in the Constitution (Scheduled Castes) Order, 1950.
The Supreme Court, which had on February 7 refused to entertain two pleas seeking to restrain Lekshmana Chandra Victoria Gowri from taking oath as an additional judge of the Madras high court, on Friday pronounced the reasons for the dismissal of the petitions.
The SEC however added that "dismissing these proceedings will not prevent the Commission from filing an action against Gupta in United States District Court."
A bench headed by Chief Justice U U Lalit is scheduled to hear the petitions challenging the validity of the CAA whose enactment had triggered widespread protests across the country.
A bench of Justice Chandrachud and Hima Kohli got annoyed when a lawyer sought time to argue a matter and said he has circulated a letter for adjournment.
The Supreme Court on Tuesday said the plea for an SIT probe into the damage to public properties during the protests against Agnipath will be listed for hearing after the Chief Justice of India takes a decision in this regard.
The world of golf was left stunned as the PGA Tour, DP World Tour and LIV circuit, who have been involved in a bitter fight, announced a shock agreement!
Citizens belonging to different religions and denominations follow different property and matrimonial laws which is 'an affront to the nation's unity', the Centre had said last year in its affidavit in the Supreme Court on the Uniform Civil Code matter.
The Hinduja group is learnt to have backtracked from making a minimum Rs 8,950-crore offer for Reliance Capital (RCap) - a deal that it had belatedly put forth in December, after Torrent Investments emerged as the highest bidder for the bankrupt firm in the challenge process. The Hindujas' latest move has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the former's revised offer that led to a call for a second auction and litigation by Torrent, which had placed a bid of Rs 8,649 crore in the first auction. Torrent has moved the Supreme Court and plans to wait for the apex court verdict before participating in any fresh auction. A banking source said there was an informal meeting of a few lenders of Reliance Capital with the bidders - the Torrent group and the Hinduja group on Friday when the latter changed its stand. The meeting of RCap's committee of creditors (CoC) is scheduled for Monday.
The Supreme Court has agreed to hear on Friday a plea seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire and investigate into the Hindenburg Research report which has made a slew of allegations against the business conglomerate led by industrialist Gautam Adani.
Justice Ramana said that he took up the issues concerning the appointment of judges and infrastructure during his term and hoped that he stood up to the expectations of the legal fraternity.
The Bombay high court on Monday directed the Mumbai civic body to clarify how it has issued a public notice seeking to cut 177 trees at the Aarey Colony area for a Metro car shed project when the Supreme Court in 2022 permitted felling of only 84 trees.
A public interest litigation was filed in the Bombay high court on Monday against Eknath Shinde, who is leading the group of rebel Shiv Sena MLAs from Maharashtra, for causing a "political turmoil" in the state and instigating an internal disorder in the state government.
The Gujarat assembly on Tuesday unanimously passed a bill which makes teaching Gujarati language compulsory in all primary schools in the state, including those affiliated with CBSE, ICSE and IB boards.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Setalvad was taken into custody on June 25 last year along with former Gujarat Director General of Police R B Sreekumar and ex-IPS officer Sanjiv Bhatt in an offence registered by Ahmedabad crime branch police for allegedly fabricating evidence to frame "innocent people" in the post-Godhra riots cases.
The Supreme Court's decision to allow borrowers a chance to be heard before their accounts are flagged as fraudulent by lenders is expected to result in several cases being reopened where the borrower is aggrieved because of such classification, bankers said. Still, the reopening of cases would not be automatic. A borrower who is aggrieved by the 'fraud' classification will have to approach the bank and consequently, the bank will take the necessary steps so that the apex court's order is followed in letter and spirit, they said.
A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said.
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