NCLT in its judgement said: "The removal of Cyrus Mistry as executive chairperson was because the board lost confidence and not because they were contemplating that he would cause discomfort to Ratan Tata, N Soonawala and others.' "The Board is competent to remove an executive chairman. Mr Mistry's removal from the position of director came because he admittedly sent out company information to the I-T (department), press, and came out in public against the board and the trust."
A summary of the tribunal's findings and the punishments for the four Italian clubs.
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.
In a judgement that will bring relief to power deficit states, the Appellate Tribunal for Electricity has disallowed power surplus states like Orissa from charging a premium on exported power.
Although the Singapore-based World Sports Nimbus has decided to file an appeal against the CIT (Appeals) order with the Income Tax Appellate Tribunal, the tax case will have wide implications for foreign companies telecasting live cricket matches. In the present case, assessing officer imposed a tax liability of Rs 6 crore (Rs 60 million) on Nimbus on the income it had earned by telecasting live cricket matches during 2002 to 2005.
Despite finance minister's assurance, tax officials seem reluctant to take steps for tackling issues at stake
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
A look at the 10 cricketers who were punished for drug related offences.
A financial loss of Rs 8 to Rs 10 crore has been estimated due to the violence.
In August, the Supreme Court had said that the total amount should be deposited within 3 months with its Registry, pending the outcome of the appeal filed by the DLF against the May 19 order of Competition Appellate Tribunal's upholding the penalty imposed by CCI.
The CJI has also kept with himself matters concerning arbitration, habeas corpus, criminal cases, contempt of court and ordinary civil matters.
Karnataka was on Tuesday directed to release 2,000 cusecs Cauvery water per day to Tamil Nadu from October 7 to 18 by the Supreme Court.
One of the most important cases which have political implications is the Ayodhya land dispute case.
The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
When Sahara sought SAT's intervention against Sebi's orders, the tribunal said they will not.
Enter the fireworks city of Sivakasi in Tamil Nadu and you can smell a familiar mix of sulphur, potassium nitrate, aluminium and carbon - familiar because if you've ever burst crackers, say on Diwali or Onam, chances are they were made here. Almost every household used to contribute to India's festive joy by contributing almost 90 per cent of the fireworks made in the country. Before the pandemic, around 300,000 people worked in the industry directly and another 500,000 indirectly. Located 540 kilometres from Chennai, Sivakasi is famous for its fireworks and crackers, along with printing and matches, but is almost a ghost town these days.
Observing that review under the garb of reassessment was not permissible in law, the Bombay High Court has granted relief to mega star Amitabh Bachchan by dismissing an appeal filed by the Income Tax Commissioner who reopened the actor's assessment proceedings for 2002-03.
The emotional appeal and sane advise came from the bench when Tamil Nadu brought to the notice of the court that the Karnataka chief minister has said that not a drop of water will be released to it.
Umar Akmal was provisionally suspended on the eve of the Pakistan Super League. He did not seem prepared to show remorse nor did he seek an apology for failing to report corrupt approaches.
Staff submissions show clients may have disowned initially authorised transactions after losses.
The Centre also moved the apex court seeking modification of its earlier order asking it to constitute the Cauvery Water Management Board by Tuesday.
Bangladesh's Supreme Court on Thursday upheld a death sentence for top Jamaat-e-Islami leader Abdul Quader Mollah for 1971 crimes against humanity, rejecting his review petition two days after his execution was dramatically put on hold in a last-minute reprieve.
Company is fighting 2 cases- one challenging the new consent mechanism guidelines, another seeking adjudication proceedings on the insider trading case
The man's Indian citizenship was denied on the ground of discrepancy in the name of his grandfather.
Pakistan has repeatedly denied India consular access to Jadhav on the ground that it was not applicable in cases related to spies.
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Bankers say debt resolution bills are coming high as resolution professionals are giving the human resources and audit/legal consulting to outside firms to plug all the loopholes.
The Cellular Operators Association of India on Tuesday filed an appeal in the Supreme Court against the Telecom Dispute Settlement and Appellate Tribunal's majority judgement which had allowed limited mobility (WLL) services to basic operators.
Indian High Commissioner in Islamabad Gautam Bambawale on Wednesday met with Pakistan's Foreign Secretary Tehmina Janjua and sought the consular access to Jadhav.
Semenya is confident she can make the switch after clocking a personal best of 23.49 in 200m to move closer to the 22.80 time needed to qualify for Tokyo. Semenya says she has a long history in the 200m and had it not been for a lack of coaching in South Africa's rural Limpopo province, she might have made a career out of the distance.
In a setback to Videsh Sanchar Nigam Ltd, telecom tribunal TDSAT on Monday upheld the TRAI order on reduction of bandwidth prices and asked the regulator to implement the order immediately while dismissing the petition of VSNL.
The Securities Appellate Tribunal has adjourned the first hearing of National Securities Depository Ltd's appeal against Sebi's interim order on the IPO scam as the market regulator could not hire a senior counsel to argue its case.
Internal simmering in the army has come to a boil after the government tries to retain a discriminatory promotions policy.
Five-time Grand Slam champion Maria Sharapova is putting her time away from tennis to good use.
Alleging that the BJP-led Centre was pursuing 'vendetta politics', West Bengal Chief Minister Mamata Banerjee appealed to the Union government to withdraw its order recalling Chief Secretary Alapan Bandopadhyay and allow the senior bureaucrat to work for people amid the COVID-19 crisis.
Finance Minister Arun Jaitley on Friday said as many as 37,506 tax dispute cases were pending before various Income Tax Appellate Tribunals having a financial implication of Rs 1.45 lakh crore at end March 2015.
Ryan Napoleon has been re-instated in the Australian swimming team for the Commonwealth Games after sport's top tribunal back-dated his three-month ban for a doping offence.
The Congress leadership should have immediately called on the Karnataka chief minister to implement the Supreme Court order and crack down on the violence, says R Rajagopalan.
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