In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
Setting aside the orders of the AO and Commissioner of Income Tax (Appeals) in case of Delhi-based Genesis Overseas case, the ITAT has ruled that tax sleuths cannot impose penalty without clearly mentioning the grounds for such action.
Pakistan Cricket Board on Tuesday suspended beleaguered pacer Mohammad Asif for flunking the dope test during the Indian Premier League and promised to extend all help to IPL Drugs Tribunal in its enquiry into the matter.
The Securities Appellate Tribunal adjourned the hearing on RIL plea against SEBI in the insider trading case, for the fourth time in a row, to July 22 as the company sought more time to file its response.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
Ukraine's Metalist Kharkiv, due to play Schalke 04 in the Champions League playoff round later this month, have been kicked out of the competition, European soccer's governing body UEFA said on Wednesday.
The realty major is awaiting orders for the second proceedings.
Lawyers representing govt point out that telcos, because of the large money they can save if they get a favourable judgement, prefer to fight till all legal options are exhausted
India maintained thatthe well being and state of Jadhav's health is a "matter of great concern" to it.
'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
Still insisting that he had not taken any banned substance intentionally, Pakistan pacer Mohammad Asif on Wednesday said he would appeal against the one-year ban imposed on him by the Indian Premier League (IPL). Asif, who was handed the ban for his dope flunk in the inaugural IPL last year, said he has started consultations with his legal advisor to challenge the decision.
Many foreign investors have been receiving notices requesting their MAT calculations for financial year 2011-2012.
The Nobel laureate filed an application before the High Court.
Pak released a "second confessional video", in which purportedly Jadhav can be seen "accepting his acts of terrorism and espionage".
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.
He also made an appeal not to 'overblow' the issue of data breach.
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At the last hearing on October 11, SAT had suggested to Sebi to look at considering the RIL application for a consent settlement that allows companies and individuals to settle disputes by paying a fine without admission or denial of the alleged wrongdoing.
As the House re-assembled at 1600 hours, Speaker Somnath Chatterjee appealed to members to discuss the contentious water-sharing issue in a dispassionate and responsible manner.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
A Pakistani doctor who allegedly helped the US to track down Al Qaeda chief Osama bin Laden has sought a fresh probe into his conviction in a treason case.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Marin Cilic cited a knee injury at Wimbledon this year to hide the fact he had failed a dope test, the International Tennis Federation (ITF) has revealed after handing the Croatian a nine-month suspension.
Much of Bangladesh was paralysed on Monday by the latest strike called by Jamaat-e-Islami, with two powerful explosions rocking Shahbag Square, the epicentre of a massive campaign demanding toughest punishment for leaders of the fundamentalist party for war crimes during the 1971 war.
As many as 15 multi-national firms like Nokia, Sony, Samsung and Ericsson have been found guilty of violating foreign exchange regulations and a penalty of over Rs 42 crore (Rs 420 million) has been imposed on them.
The SC on Monday deferred by two weeks the hearing on state-run BSNL's appeal against the order of a tribunal bench that asked it to pay interest to BPL Mobile Cellular for delaying payments toward calls made to the private company's network.
'We should hope and pray that the PM's sentiment is not held ransom by machinations and craftiness of a few junior babus who throw in an imaginary impediment at every welfare measure and snigger and giggle at the sidelines every time a soldier is ill at ease,' says Major Navdeep Singh on the one rank one pension debate.
Serbia's Viktor Troicki's suspension for violating doping regulations has been cut from 18 months to 12 months after his appeal was heard by the Court of Arbitration for Sport (CAS), it was announced on Tuesday.
The release of the movie was cleared by the Film Certification Appellate Tribunal.
HeidelbergCement has decided to move the Securities Appellate Tribunal challenging the directive of the Securities and Exchange Board of India.
The green tribunal noted that the Art of Living would have to pay a Rs 5 crore penalty and develop the entire area into a biodiversity zone.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
Indian High Commissioner in Islamabad Gautam Bambawale met Pakistan Foreign Secretary Tehmina Janjua in connection with the case of Jadhav, who has been given death sentence by a Pakistani military court for alleged spying.
Jailed All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa will have to stay in prison for at least 6 more days as the vacation bench of the Karnataka High Court on Wednesday posted for October 7 hearing on her pleas for suspension of the sentence and immediate bail in the disproportionate assets case.
The death sentence could be carried out within the next 30 days.
A prominent lawmaker of the opposition Bangladesh National Party was on Tuesday sentenced to death by a special Bangladeshi tribunal for genocide during the country's 1971 liberation war against Pakistan, becoming the first Member of Parliament and seventh person to be convicted of crimes against humanity.
Telecom Regulatory Authority of India on Monday failed to get any interim relief from the Supreme Court as it refused to stay telecom appellate tribunal TDSAT's order restricting regulator's jurisidiction to effect changes in the agreement signed bet
The vandalism at the prestigious university, founded by Nobel laureate Rabindranath Tagore, has snowballed into a major political row, after some ruling TMC supporters and varsity authorities filed police complaints against each other.
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