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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Lenders send 'SOS' to the finance ministry on the tardy decision making and pile-up of cases at the Debt Recovery Tribunals and its appellate forum the Debt Recovery Appellate Tribunal.
Are you worried your personal information linked to Aadhar may be compromised?
Mohd Azmal Haque -- who retired as a junior commissioned officer last year -- has been asked to prove that he is an Indian and not an illegal Bangladeshi immigrant.
Synergy Group, the sole potential bidder for Jet Airways, had sought more time to take a decision on investing in the grounded airline.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
In a nearly 10-year-old case, Sebi on March 24 had banned Reliance Industries and 12 others from equity derivatives trading for one year, while accusing RIL of making 'unlawful gains'.
Maria Sharapova will appeal a two-year ban for doping imposed by the International Tennis Federation on Wednesday.
Weeks before shutting down operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues.
The National Green Tribunal on Tuesday sought Art of Living head Sri Sri Ravi Shankar's reply on an application which alleged the spiritual guru had termed its earlier order as "politically motivated".
The bench also ordered issue of notice to the EC and 'four others' and posted the matter for further hearing on June 6.
The group is among the 40 largest defaulters identified by the Reserve Bank's first list for insolvency in late 2016.
Jaitley said the tribunal has confirmed Italy's obligation to return Sergeant Girone to India in case India's jurisdiction over him is established.
The National Green Tribunal on Wednesday directed the principal committee, constituted for rejuvenation of Yamuna, to inspect the site on river floodplains where a three-day festival was organised by Art of Living under the patronage of Sri Sri Ravi Shankar.
Khalid and his Pakistan and Islamabad United teammate Sharjeel Khan have both now appeared before the tribunal in Lahore and decided to contest the spot-fixing charges against them in the corruption scandal that rocked the Pakistan Super League.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
The SC ruled that Karnataka will now have an enhanced share of 14.75 tmcft water per year while Tamil Nadu will get 404.25 tmcft, which will be 14.75 tmcft less than what was allotted by the tribunal in 2007.
The Pakistan Cricket Board (PCB) has rejected the spot-fixing charge made against the national team in a recently-released documentary as 'baseless' and said a probe can only be conducted if the broadcaster shares the footage.
Finance Minister Nirmala Sitharaman on Thursday reiterated that an international arbitration ruling on India's sovereign right to taxation sets the wrong precedent, but said the government is looking at how best it can sort out the issue arising out of New Delhi being ordered to return $1.2 billion plus interest and cost to UK's Cairn Energy Plc. The government, which participated in an international arbitration brought by the Scottish firm against being taxed retrospectively, has appealed against The Hague based tribunal's ruling asking the government to return the value of shares expropriated and liquidated, tax refunds withheld and dividend seized to recover a wrongly levied retroactive tax demand.
Verma also sought quashing of a note issued by the defence ministry rejecting his plea against Singh's appointment.
The Supreme Court on Thursday dismissed a plea by Skoda Auto Volkswagen India challenging an FIR registered in Uttar Pradesh by a customer over the alleged use of 'cheat device' in its diesel car by the company to manipulate emission norms.
The government had moved NCLT to freeze the assets of 19 people after CBI filed a charge sheet in Nirav Modi's case and Gitanjali Group cases.
An international tribunal in the Hague has ruled in favour of the Philippines.
The Delhi Police said it has arrested a Chinese woman and her Nepalese associate, and claimed that they were paying huge amounts of money to freelance journalist Rajeev Sharma for allegedly passing sensitive information to 'Chinese intelligence'.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
UIDAI Deputy Director B M Patnaik informed the police that an input was received from The Tribune that the newspaper purchased a service being offered by anonymous sellers over WhatsApp that provided unrestricted access to details of any of the more than 1 billion Aadhaar numbers created in India, the police said on Sunday.
Russian former world number one Maria Sharapova was suspended for two years by the International Tennis Federation on Wednesday following her positive test for banned drug meldonium at this year's Australian Open.
Pakistan Cricket Board chief Najam Sethi feels that resumption of bilateral Indo-Pak cricketing ties is solely dependant on India's will.
The film, starring Manoj Bajpayee, will release as scheduled.
The green panel said that innocent people drank and bathed in the river with reverence, without knowing that it may adversely affect their health.
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
The Australian High Commissioner had said Australia remains deeply concerned by Chinese actions in the South China Sea that are 'destabilising and could provoke escalation'. In a tweet, the Chinese envoy took objection to his remarks and said they were made 'disregarding facts'.
World 100 metres champion Christian Coleman will miss next year's Tokyo Olympics after being banned for two years for breaching whereabouts rules, the Athletics Integrity Unit (AIU) said on Tuesday.
British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation.
Italy in March had asked the PCA judges to order India to release its detained marine Girone, saying otherwise he risks four more years in India without any charges being made which would amount to 'grave violation of his human rights'.
An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.
E-commerce major Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It has also filed an appeal with the division bench of the Delhi high court against the December 21 order of the single member bench, according to sources.
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
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