EPFO had approached the finance ministry for help, which advised it to go through the legal procedure.
Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds.
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
Karnataka on Friday pleaded its inability in supplying Cauvery water to Tamil Nadu in line with the Supreme Court's directive saying the state itself is facing a shortage of drinking water.
West Ham United will know later on Friday whether Andy Carroll will have to complete a three-match suspension after the English FA agreed to an arbitration hearing following a failed appeal against his red card in a Premier League match last week.
Banned Pakistan spinner Danish Kaneria denied media reports that he is seeking the Board of Control for Cricket in India's help to take up his case with the International Cricket Council.
Nizami now faces execution unless his case is reviewed by the court or he is granted clemency by the President.
Since the inception of the code, the threat of insolvency has brought many debtors in line
Banks are seeking an order that Mallya should appear in person before the court.
The court dismissed an appeal filed by the Centre against the order of the Central Administrative Tribunal which had held that there cannot be discrimination among persons holding same posts vis-a-vis their pay scale while allowing a batch of petitions filed a group of Prasar Bharati employees.
Pakistan Test captain Salman Butt and opening bowlers Muhammad Amir and Mohammad Asif face possible life bans after they were charged on Thursday under the International Cricket Council's (ICC) anti-corruption code.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
In an interim order on Monday, the Supreme Court directed that Direct-to-Home (DTH) operators may charge no more than 42 per cent of the rates paid by cable operators for TV channels.
The new limits for filing appeals by the Income Tax department before the Income Tax Appellate Tribunal (ITAT), high courts and the Supreme Court have been revised to Rs 3 lakh, Rs 10 lakh and Rs 25 lakh, respectively, from Rs 2 lakh, Rs 4 lakh and Rs 10 lakh.
The Supreme Court also asked the supervisory committee to decide on Tamil Nadu's plea in ten days from Monday.
The International Tennis Federation (ITF) has expressed its disappointment at the Court of Arbitration for Sport (CAS) decision to clear French player Richard Gasquet of doping after he tested positive for cocaine.
Indian politics, held captive in one way or the other by Ayodhya, may now well seek its emancipation from this issue, and the pursuit of welfare, asserts Congress leader Salman Khurshid in this excerpt from his latest book, Sunrise over Ayodhya.
Locked in face-offs with two different regulatory agencies CCI and Sebi, realty major DLF's Chairman K P Singh on Monday suggested a provision in laws to sue regulators if their decisions get overturned at later stages.
The bench, which was critical of the Centre's stand on the issue, said "You (government) are so short of vaccines and you are not taking it through. May be it is an opportunity for you. Don't be so negative. It is like a raging fire and nobody is bothered. You people don't understand the larger picture or what.
The Supreme Court on Tuesday refused to give an urgent hearing to a plea of the Tamil Nadu government for setting up the Cauvery management board for implementation of the Cauvery water disputes tribunal award, saying there is "no urgency" for it.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
Observing that the final NRC list, which validates bona fide Indian citizens of Assam, has excluded 19 lakh residents, the US Commission on International Religious Freedom on Friday said that a number of domestic and international organisations have expressed concern that the NRC is a "targeted mechanism to disenfranchise Assam's Bengali Muslim community, implicitly establishing a religious requirement for citizenship and potentially rendering large numbers of Muslims stateless."
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
The 16-judge bench at the International Court of Justice ruled there was no evidence that Majuro had had a prior dispute with any of the three nuclear giants.
The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.
Occupants were served eviction orders in April this year
West Indies all-rounder Andre Russell was banned on Tuesday for one year for a doping whereabouts rule violation.
Legal hurdle cited in I-T action against 32,000 entities.
The bench observed that the appellant, Sharma, was on both sides of the trade, that is, he was the buyer as well as the seller, and the buy and sell orders were put into the system at almost the same time.
New Zealand batsman Jesse Ryder has been suspended for six months for failing a doping test for banned stimulants he claimed he took in a supplement to help him lose weight, the country's top sports tribunal said on Tuesday.
The government has initiated the process to recruit the remaining two members of the Competition Commission of India (CCI), with an aim to make the anti-trust body fully functional by June 2009.
Bangladesh's fundamentalist Jamaat-e-Islami chief Motiur Rahman Nizami was on Wednesday sentenced to death by a special tribunal for his role in the killing of thousands of people during the nation's independence war against Pakistan in 1971.
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
The principal bench of the Central Administrative Tribunal has rejected an application by a senior IAS officer in Rajasthan, who had been under suspension since 2004, after the state's anti-corruption bureau registered a case of corruption against him.Ravi Shankar Srivastava was indicted by the ACB while working as a member of the Board of Revenue and the Rajasthan government put him under suspension as per the All India Service (Discipline and Appeal) Rules, 1969.
A special Bangladeshi tribunal on Wednesday sentenced opposition Bangladesh Nationalist Party's 83-year-old leader Abdul Alim to jail until death for committing large-scale killings and other war crimes during the 1971 Liberation War against Pakistan.
Police probe still on; ex-parte stay against sexual harassment panel report and court permission to enter premises help NGO chief
'If the BJP comes back to power, Sterlite will open in one week.' 'If the Congress comes to power, it will open in one month.'
Ambani termed COAI's appeal to the telecom tribunal against the government granting RCom dual-use technology (CDMA and GSM) as "unnecessary and unwarranted". RCom, the country's largest provider of CDMA mobile services, recently received permission to start GSM services under its existing licence for which it paid a fee of Rs 1,651 crore (Rs 16.51 billion).
Harshvardhan Nawathe, who won the Rs 1-crore (Rs 10 million) prize money on quiz show 'Kaun Banega Crorepati', continues to face queries on his tax liability even nine years after he emerged as the winner of the popular television reality show.
The legal counsel for Coimbatore-based Rajshree Sugars and Chemicals (RSCL) said the company would appeal against the Madras High Court order, which held that the company's derivatives contract with Axis Bank is valid.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances