Around 241 companies were sent for liquidation under the IBC by various NCLT benches and in only 58 cases have the resolution plans been accepted
In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them.
A bench of Justices R F Nariman and Indu Malhotra framed the question and referred the petition filed by an organisation -- Jyoti Jagran Mandal -- to the Chief Justice of India for setting up of a larger bench.
The Andhra Pradesh government will file an appeal either in the Supreme Court or before the Krishna River Water Disputes Tribunal on March 29 against the tribunal's award over allocation of water from Krishna river to the state. The government will convene an all-party meeting on March 22 to discuss the state's strategy to contest justice Brijesh Kumar tibunal's award that is unfavourable to the state's interests.
Pearl, the 38-year-old South Asia bureau chief for The Wall Street Journal, was abducted and beheaded while he was in Pakistan investigating a story on the alleged links between the country's powerful spy agency Inter-Services Intelligence and Al Qaeda.
Kamran Akmal voiced his unhappiness at being kept out of the national team despite good performances in domestic cricket.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
The retired judge appointed to head the three-member appellate tribunal, which will hear Shoaib Akhtar's appeal against his five-year ban, on Tuesday said the pacer would be given a fair hearing. Aftab Farukh, a former Judge of the Lahore High Court, said he is aware of the importance of the case but asserted that the tribunal would not be influenced by anybody and would only go by the evidence presented before it.
Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
A T M Azharul Islam, a top leader of fundamentalist Jamaat-e-Islami party, was sentenced to death on Tuesday by a Bangladeshi special court for committing war crimes during the country's independence war against Pakistan.
Sebi had imposed penalties on DLF, for entering into sham transactions.
Bangladesh's Supreme Court on Wednesday upheld the death penalty for an influential opposition BNP leader Khaleda Zia for committing crimes against humanity.
DLF Ltd on Friday said it was reviewing an order from the country's market regulator that fined the company and its top management $8.4 million.
The groom was among the 40 lakh people whose name was ommitted from the draft citizens register which was published in July last year.
'Government must take into consideration the human cost of the NRC exercise'
In spite of having various appellate tribunals and commissions within its establishment, the Income Tax Department has registered a more than two-fold rise in appeals in Supreme Court in cases involving crores of rupees of the exchequer.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
Amazon has moved the Supreme Court challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it "illegal", "random", "inequitable and unfair". On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
Russian swimming chief Vladimir Salnikov said on Tuesday the atmosphere surrounding his team at the Olympics reminded him of the Cold War, and criticised American breaststroke champion Lilly King for attacking the integrity of her Russian rival.
The bandh has been called by pro-Kannada and farmers' organisations, protesting the Mahadayi Water Dispute Tribunal's interim order rejecting the state's petition seeking 7.56 tmcft for drinking water projects.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
The Supreme Court will decide this question with regard to broadcast regulator TRAI's intervention in a contractual dispute between two cable TV service providers.
China released a white paper against the UN-backed tribunal's verdict, insisting that Beijing has claims over the strategic region for 2,000 years.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
Russia's disabled athletes will not be allowed to compete as neutrals at this month's Rio de Janeiro Paralympics after their country was banned because of a state-sponsored sports doping programme. The International Paralympic Committee (IPC) said in a statement on Thursday it had rejected more than 175 Russian athletes who filed individual cases to try to take part in the Brazil event. "The International Paralympic Committee ... will not allow individual Russian athletes to participate as neutral athletes at the Rio Games", the organisation said on its website (www.paralympic.org).
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.
A summary of sports events and sports persons, who made news on Friday
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
"The underlining theme with which we have been working till now is that we trust the taxpayers and from purely an enforcement agency, we are shifting our focus to being a service-oriented department," says CBDT chairman Pramod Chandra Mody.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
Vodafone pleaded in High Court that IT department had no jurisdiction in the transfer pricing case because the said transaction was not international and did not attract tax.
The Supreme Court on Wednesday rejected the Board Of Control For Cricket In India's plea against a tribunal order asking it to pay around Rs 18 crore as service tax for video graphing matches and selling the feed to private sport channels.
A Pakistani judge investigating the murder of Indian death row convict Sarabjit Singh has appealed to Indian nationals having information about the matter to file written submissions with relevant documents within seven days.
RIL has filed a petition before SAT against Sebi's rejection of its application for 'consent settlement' of a probe into alleged violation of insider trading norms in sale of shares of the company's erstwhile subsidiary RPL.
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