News for '-the-tribune'

World No.1 Sinner cleared after failed drug tests

World No.1 Sinner cleared after failed drug tests

Rediff.com20 Aug 2024

World men's number one Jannik Sinner has been cleared of fault or negligence by an independent tribunal after failing two drug tests in March, the International Tennis Integrity Authority (ITIA) said on Tuesday.

SC judge flags abuse of Section 6A in dissenting judgment

SC judge flags abuse of Section 6A in dissenting judgment

Rediff.com17 Oct 2024

"The open-ended nature of Section 6A has, with the passage time, become more prone to abuse due to the advent of forged documents to establish, inter-alia (among other things), wrong date of entry into Assam, inaccurate lineage, falsified government records created by corrupt officials, dishonest corroboration of the date of entry by other relatives so as to aid illegal immigrants who are otherwise not eligible under Section 6A by virtue of having entered into Assam after March 24,1971," he noted in a separate 127-page dissenting judgment.

SC questions HC order in Congress's tax case

SC questions HC order in Congress's tax case

Rediff.com20 Aug 2024

A bench of Justices BV Nagarathna and N Kotiswar Singh, which issued notice on the plea of the Congress against the March 13 high court order, however, said the ITAT can proceed on the political party's appeal.

Tribunal approves Byju's settlement with BCCI

Tribunal approves Byju's settlement with BCCI

Rediff.com2 Aug 2024

In a major relief to Byju's, the NCLAT on Friday set aside insolvency proceedings against the troubled edtech major over a sponsorship deal and approved a Rs 158 crore settlement with the Board of Control for Cricket in India. The National Company Law Appellate Tribunal (NCLAT), however, passed the order with a caveat that any failure to make payments on the specific dates mentioned in the undertaking would automatically lead to a revival of the insolvency proceedings against Byju's.

Don't divide history, Rani Lakshmi Bai a national hero: HC raps Shahi Idgah

Don't divide history, Rani Lakshmi Bai a national hero: HC raps Shahi Idgah

Rediff.com25 Sep 2024

Maharani Lakshmi Bai of Jhansi is a "national hero" and history should not be divided on "communal politics", the Delhi high court said on Wednesday while pulling up the Shahi Idgah managing committee for making "scandalous pleadings" in its plea against installation of her statue inside the Shahi Idgah Park at Sadar Bazar in New Delhi.

Surging markets: CJI Chandrachud urges Sebi, SAT to be cautious

Surging markets: CJI Chandrachud urges Sebi, SAT to be cautious

Rediff.com4 Jul 2024

Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the "backbone is stable". Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider opening up new benches of the SAT given the higher workloads because of higher quantum of transactions and newer regulations.

2nd rights issue: Byju's moves K'taka HC against NCLT order

2nd rights issue: Byju's moves K'taka HC against NCLT order

Rediff.com24 Jun 2024

Beleaguered edtech firm Byju's has moved the Karnataka high court challenging the order of the National Company Law Tribunal (NCLT) restraining it from going ahead with the second rights issue. The plea is likely to come up for hearing on Monday. The orders of NCLT were expected to be challenged before the National Company Law Appellate Tribunal (NCLAT).

'The Waqf Bill Is Very Dangerous'

'The Waqf Bill Is Very Dangerous'

Rediff.com9 Aug 2024

'Under this amendment, in any dispute over Waqf properties, the Waqf Board cannot approach the court.' 'This is very surprising because the government instead of protecting Waqf properties they are snatching it away and not allowing them to go to court.' 'The third biggest landowner in India is the Waqf Board after the Indian Army and Indian Railways.'

I-T tribunal junks Cong plea to stop action against bank accounts

I-T tribunal junks Cong plea to stop action against bank accounts

Rediff.com8 Mar 2024

'How can one expect fair elections in such a situation when funds to the tune of Rs 270 crore have been freezed or taken away by the Income Tax authorities from Congress party's accounts'

Body massager can't be used as sex toy: HC raps Customs dept

Body massager can't be used as sex toy: HC raps Customs dept

Rediff.com21 Mar 2024

The Commissioner of Customs had confiscated the goods claiming that the body massagers could be used as adult sex toys and such items are prohibited for import.

Cong's bank accounts 'unfrozen' after I-T action claim

Cong's bank accounts 'unfrozen' after I-T action claim

Rediff.com16 Feb 2024

This has affected all political activity of the party, Maken said at a press conference.

Sony gets 3 weeks to respond to Zee shareholder's petition

Sony gets 3 weeks to respond to Zee shareholder's petition

Rediff.com30 Jan 2024

The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.

Complaint against Sheikh Hasina for genocide during students' stir

Complaint against Sheikh Hasina for genocide during students' stir

Rediff.com14 Aug 2024

Stating that an investigation team will work under the full supervision of the United Nations to ensure complete transparency and impartiality, he said, "None of the outgoing government involved in the murder will be exempted."

Tribunal quashes Sebi's order against Mukesh Ambani

Tribunal quashes Sebi's order against Mukesh Ambani

Rediff.com4 Dec 2023

The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's chairman and managing director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.

Is Tamil Nadu Heading For A Jallikattu 2.0 Moment?

Is Tamil Nadu Heading For A Jallikattu 2.0 Moment?

Rediff.com20 Sep 2024

The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.

5-term PM Sheikh Hasina's dramatic fall!

5-term PM Sheikh Hasina's dramatic fall!

Rediff.com5 Aug 2024

Sheikh Hasina, who was elected for a record fourth consecutive term and fifth overall term this year, was always admired by her supporters as "Iron Lady", before the dramatic development that abruptly ended her 15-year-rule in Bangladesh.

Waqf bill sent to joint parliamentary panel after heated debate

Waqf bill sent to joint parliamentary panel after heated debate

Rediff.com8 Aug 2024

The bill to amend the law governing Waqf boards proposes far-reaching changes in the Wakf Act, 1995, including ensuring the representation of Muslim women and non-Muslims in such bodies.

I-T has withdrawn Rs 65 cr from our bank accounts, claims Cong

I-T has withdrawn Rs 65 cr from our bank accounts, claims Cong

Rediff.com21 Feb 2024

Party treasurer Ajay Maken has claimed that "democracy will be over if the action of probe agencies goes unchecked" and said the Congress has full faith in the judiciary.

Congress challenges I-T order in tax penalty case in Delhi HC

Congress challenges I-T order in tax penalty case in Delhi HC

Rediff.com11 Mar 2024

Last week, the ITAT had dismissed the Congress' appeal against the imposition of penalties for discrepancies in tax returns for previous years.

Army dismisses Captain for killing 3 men in JK fake encounter

Army dismisses Captain for killing 3 men in JK fake encounter

Rediff.com14 Nov 2023

According to officials in the know of the development, the findings of a Court of Inquiry and his conviction and sentencing were confirmed by the higher Army authorities on November 11 as required under the law.

HC upholds order directing Cong to pay Rs 100 cr tax

HC upholds order directing Cong to pay Rs 100 cr tax

Rediff.com13 Mar 2024

The Delhi high court on Wednesday upheld an order of the Income Tax Appellate Tribunal (ITAT) refusing to stay a notice issued by the Income Tax department to the Congress party for recovery of outstanding tax of more than Rs 100 crore.

Is IPL using up Bengaluru's water supply?

Is IPL using up Bengaluru's water supply?

Rediff.com5 Apr 2024

IPL matches in Bengaluru under NGT scanner

GST@7: Challenges But Collections Surge

GST@7: Challenges But Collections Surge

Rediff.com12 Jul 2024

Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.

Amshipora fake encounter: 'Court verdict reopened old wounds'

Amshipora fake encounter: 'Court verdict reopened old wounds'

Rediff.com14 Nov 2023

Refusing to accept the tribunal's decision, the families said they would take the matter to a higher court, seeking justice for their sons and hoping to unmask the truth behind the fateful encounter.

Amshipora fake encounter: Captain's life term suspended, gets conditional bail

Amshipora fake encounter: Captain's life term suspended, gets conditional bail

Rediff.com13 Nov 2023

The tribunal also granted conditional bail to Captain Bhoopendra Singh and directed him to appear before its principal registrar at a regular interval starting from January next year.

Dark-fibre case: Sebi penalty against NSE quashed

Dark-fibre case: Sebi penalty against NSE quashed

Rediff.com14 Dec 2023

The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.

The 58-year-old woman overseeing India's $4.7 trillion equities market

The 58-year-old woman overseeing India's $4.7 trillion equities market

Rediff.com12 Mar 2024

Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.

Selling Jewellery? You Can Save Capital Gains Tax

Selling Jewellery? You Can Save Capital Gains Tax

Rediff.com30 Apr 2024

Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.

India's biggest media company is born. $10 bn Zee-Sony merger gets NCLT nod

India's biggest media company is born. $10 bn Zee-Sony merger gets NCLT nod

Rediff.com10 Aug 2023

The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises Ltd and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a $10-billion media company, the biggest in the country. The tribunal also dismissed all objections regarding the merger.

Pak Hindu refugees living besides Yamuna get demolition notice

Pak Hindu refugees living besides Yamuna get demolition notice

Rediff.com6 Mar 2024

The Delhi Development Authority (DDA) has issued notices to Hindu refugees from Pakistan who live near Gurudwara Majnu Ka Tilla in the Yamuna floodplain area asking them to vacate the place, locals claimed on Wednesday.

Kerala church sets up tribunal to try priest's anti-ecclesial activities

Kerala church sets up tribunal to try priest's anti-ecclesial activities

Rediff.com6 Oct 2023

The bishop, in his order, alleged that though Puthiyaparambil was appointed as vicar of a local church, he didn't accept the appointment and suddenly left after publishing a note on social media.

NCLT notice questions Byju's grade over BCCI petition

NCLT notice questions Byju's grade over BCCI petition

Rediff.com4 Dec 2023

Byju's first came on board with the BCCI back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm.

Maha speaker acted as Shinde's lawyer: Shiv Sena

Maha speaker acted as Shinde's lawyer: Shiv Sena

Rediff.com11 Jan 2024

The speaker's order was pre-decided, it further claimed, adding that there was nothing to be shocked about it.

Mystery thickens in Zee fund diversion case amid reports of accounting hole

Mystery thickens in Zee fund diversion case amid reports of accounting hole

Rediff.com29 Feb 2024

The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.

Go First: NCLT rejects lessors' petitions to take possession of planes

Go First: NCLT rejects lessors' petitions to take possession of planes

Rediff.com26 Jul 2023

Insolvency tribunal NCLT on Wednesday rejected Go First lessors' petitions to take back the planes leased to the grounded airline, and said the aircraft are available for resumption of operations since aviation regulator DGCA has not deregistered them. A two-member bench of the National Company Law Tribunal (NCLT) held that physical possession of the aircraft/engines would be "indisputably" with Go First and lessors cannot claim possession during the Corporate Insolvency Resolution Process (CIRP) of the carrier. According to the tribunal, aircraft and its engines are the sole essence of Go First's business and if taken away, it would result in its "corporate death" leaving no scope for its resolution.

GST Council likely to approve tribunal blueprint this month

GST Council likely to approve tribunal blueprint this month

Rediff.com12 Jun 2023

The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which will deal with tax disputes and streamline resolution. "The final blueprint, mainly the operational part, is expected to be presented in the GST Council meeting for approval. "This will pave the way for the tribunal to be functional, both at the central and state levels," said a senior government official, who expects the tribunal to be up and running by November.

Android probe: CCI 'protecting' Amazon, Google tells SC

Android probe: CCI 'protecting' Amazon, Google tells SC

Rediff.com7 Jul 2023

Google, in its latest appeal to the Supreme Court, has said the Competition Commission of India (CCI) is protecting Amazon's interests after having complained that India's anti-competition body (CCI) had copied part of a European Commission ruling against it for allegedly abusing the market dominance of Android. The latest twist to the Google-CCI case comes as Google filed an appeal in the Supreme Court on June 26, against the National Company Law Appellate Tribunal's (NCLAT's) March 29 order. The tech giant's contention is that the NCLAT failed to apply the "effect analysis" part in the CCI order.

Guidelines for NCLT to deal with bankruptcy cases in the works

Guidelines for NCLT to deal with bankruptcy cases in the works

Rediff.com9 May 2023

The government is planning to draft rules for the National Company Law Tribunal (NCLT) to deal with Insolvency and Bankruptcy (IBC) cases, according to official sources. The Ministry of Corporate Affairs (MCA) is also looking to fill all vacant posts at various NCLT Benches by August and put in place an IT-enabled system that would use artificial intelligence (AI) for case management. The NCLT, adjudicating authority for matters related to company affairs, was constituted before the IBC came into effect.

Amid wrestlers row, probe against Brij Bhushan over illegal mining

Amid wrestlers row, probe against Brij Bhushan over illegal mining

Rediff.com3 Aug 2023

The petition alleged that "illegal mining" was being carried out by Singh, the MP from Kaiserganj, in Majharath, Jaitpur and Nawabganj villages of Tarbganj tehsil in the district.

Doping scandal rocks tennis: Halep hit with 4-year ban

Doping scandal rocks tennis: Halep hit with 4-year ban

Rediff.com12 Sep 2023

Simona Halep has been banned until October 2026 for two separate anti-doping rule violations