Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
These MLAs are Anand Singh, K Sudhakar, N Nagaraj, Munirathna and Roshan Baig.
The law, which dilutes the Indian capital's autonomy and emasculates the elected local government's powers, will be a political millstone for the party for the next elections, reports Aditi Phadnis
Thackeray met the legislators to apprise them of the government formation process and meetings of Congress-Nationalist Congress Party leaders in Delhi.
Rohit admitted to the Level 1 offence 2.1.5 of the IPL Code of Conduct for Players and Team Officials.
The Delhi high court's division bench has stayed the single bench order favouring the emergency award against the Future-Reliance deal and imposing a Rs 20 lakh fine on Kishore Biyani & other respondents. including FRL and FCPL.
The case has been brought by Srichand Parmanand Hinduja, 84, described as the "patriarch" of the family, against brothers G P Hinduja, 80, P P Hinduja, 75, and A P Hinduja, 69, and revolves around the "validity and effect" of a letter dated July 2, 2014. The letter includes statements to the effect that the brothers appoint each other as their executors, and that assets held in any single brother's name belong to all four. A related second letter, dated July 1, 2014, is also linked to the dispute.
Bollywood celebrated Raksha Bandhan with their siblings over the weekend, and posted lovely pictures on Instagram.
The Delhi high court on Thursday upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commence giant Amazon.
Christmas is incomplete without a mug of delightful hot chocolate and gingerbread cookies.
Did you know that coffee drinkers are classified based on their caffeine sensitivity?
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
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.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
'The Insolvency and Bankruptcy Code cleans up non-performing assets and puts companies in capable and credible hands.'
Mumbai Indians all-rounder Kieron Pollard was fined 25 per cent of his match fee for showing dissent at an umpire's decision during the IPL final.
Inclusion of human pathogens in biodiversity and the use of derivatives of bio-resources are the non-negotiables for India at the upcoming Convention on Biological Diversity, wherein the country plans to fight for a legally-binding agreement on biodiversity.
The Supreme Court has dismissed a batch of pleas seeking review of its 2018 verdict upholding the Centre's flagship Aadhaar scheme as constitutionally valid but striking down some of its provisions, including its linking with bank accounts, mobile phones and school admissions.
'...signatures.' 'But such signatures are missing in this virus.'
Caffeine, the drug that gives coffee its kick, works differently, depending on the consumer's weight, gender, hormonal shifts and a variety of other factors.
In a series of votes on Tuesday, lawmakers rejected a no-deal Brexit by 318 votes to 310, undermining the government's argument that Britain would be willing to crash out of the EU without an agreement.
Madhavan doesn't try to be Charlie, and makes Maara stand out like a fresh film, feels Divya Nair.
The Supreme Court on Friday upheld the validity of e-voting process for the winding up of six mutual fund schemes of Franklin Templeton, and said disbursal of funds to unit holders will continue.
The minister came under attack from Opposition parties and NGOs in India which attacked him for taking unilateral stand, deviating from long held Indian position that it will not accept any internationally legally binding emission cuts.
The faction-ridden Delhi and Districts Cricket Association (DDCA) will finally have to abolish their controversial proxy voting system after the landmark judgement passed by Supreme Court.
'There is a special benefit in the matter being taken up by the Supreme Court rather than the high courts.' 'The orders of the high courts are limited, but the Supreme Court order is binding upon everybody.'
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
Johnson said China's new National Security Law is a threat to the rights and freedom of the region and in direct conflict with Hong Kong Basic Law.
Decorated para-athlete and India's lone woman Paralympic medallist Deepa Malik has been elected as president of Paralympic Committee of India though the results of the elections are subject to a pending case in the Delhi High Court. The 49-year-old Deepa, who won a silver in shot put F-53 event in the 2016 Rio Paralympic Games, was elected unopposed as president in the PCI polls held in Bengaluru on Friday.
Delhi Daredevils leg-spinner Amit Mishra was reprimanded by the Match Referee for using inappropriate language during their Indian Premier League match against Kolkata Knight Riders, in New Delhi, on Saturday.
'The Congress cannot appreciate people with an independent opinion.' 'That's why many people left the party.'
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
From when James Buchanan was sworn in in 1857 to Donald Trump in 2017.
Cricket Australia is on the verge of an agreement with the players' union to end the long impasse over a new pay deal and avoid the need for arbitration, local media reported on Monday.
He also announced an assistance of Rs 3,000 for accredited journalists while acknowledging their role in the dissemination of information on COVID19.
Mahendra Singh Dhoni has been reprimanded for breaching the Indian Premier League code of conduct during the match between his team, Rising Pune Supergiant, and Mumbai Indians in Pune.
The ASI, which had found artefacts, idols, pillars and other remains, stated in its report about the existence of a massive structure beneath the 'alleged Babri Masjid'.
Triumphalism, premature declaration of victory meant no one checked if India had enough vaccines, oxygen, remdesivir, bringing us back to a crisis where we need foreign aid after four decades, asserts Shekhar Gupta.
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