The Board of Control for Cricket in India is set to pay a huge compensation of more than Rs 800 crore to disbanded Indian Premier League franchise Kochi Tuskers Kerala for terminating their contract in 2011.
'The kind of tax which will be generated from the second pillar may far outweigh what we may be losing in the first pillar.'
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
The Centre said it does not object if Grione's bail conditions are relaxed on the same lines as was done in the case of another marine Massimiliano Latorre.
The apex court imposed four conditions on the marine.
The channel's contention is that the top bosses in CA gave preference to the wishes of the BCCI, the sport's most powerful governing body, as well as its other domestic broadcasting partner Foxtel.
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.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
As Rajasthan Royals welcomed the interim order of independent arbitrator Justice B N Srikrishna, who stayed the franchise's termination from IPL, the Cricket Board (BCCI) on Wednesday said it is all set to challenge the verdict on Thursday.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
The SC agreed to hear on September 20 Latorre's plea which has sought the same bail conditions applicable to co-accused Salvatore Girone.
The project is awaiting clearances from the DGCA.
The WADA investigation found that the sample analysis methods of the NDTL were not upto the mark. The NDTL can appeal to the Court of Arbitration for Sports (CAS) in Lausanne in the next 21 days.
The cash-strapped Deccan Chargers will remain terminated from the IPL after the Bombay high court on Thursday set aside a status quo order passed by an arbitrator on cessation of its membership in the league.
A bench comprising Justices A R Dave, Kurian Joseph and Amitava Roy asked the Italian authority to give an undertaking to abide by the conditions under which Latorre was allowed to leave India.
The process to restart the 2184-MW Dabhol power plant has received a jolt with promoters, GE and Bechtel, slapping an arbitration notice on Maharashtra State Electricity Board for recovery of Rs 26,000 crore (Rs 260 billion) towards investments and l
A fortnight after their problem with Bank Artha Graha in Indonesia, a two-member team of Polaris leaves for Singapore Tuesday in a possible attempt at initiating arbitration over the dispute.
The employees are demanding several key changes in how sexual misconduct allegations are dealt with at the technology giant, including a call to end forced arbitration, a move which would make it possible for victims to sue.
The cash-strapped Deccan Chargers are out from the Indian Premier League after the Supreme Court refused to stay the Hyderabad team's termination by the Board of Control for Cricket in India. The apex court, on Friday, declined to interfere with Thursday's ruling of the Bombay high court, which set aside the status quo order passed by an arbitrator on cessation of its membership in the cash-rich league.
The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.
The BCCI had imposed a five-year ban on him in the wake of the match-fixing controversy.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
The British Olympic Association (BOA) risks sanctions if its lifetime Olympic ban for drug offenders contravenes the World Anti-Doping Agency code, WADA president John Fahey said on Thursday.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
PCB Chairman Zaka Ashraf backed disgraced paceman Mohammad Aamir by declaring him a national asset and hinted that the Board may help the young fast bowler in returning to the international fold.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
The Pakistan batsman has been asked to face an arbitration hearing over his decision to pull out of the Indian Cricket League.
A source said Sebi planned to tag brokers based on their performance on areas such as compliance, investor protection and arbitration.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
The Board of Control for Cricket in India said it has the option of moving the Supreme Court but will first study the Bombay High Court ruling which upheld the order passed by an independent arbitrator staying the termination of IPL team Rajasthan Royals' contract.
The country's leading legal brains will prepare a watertight defence for India's skipper before the ICC-appointed arbitrator Justice Albie Sachs.
As per the 15-day billing cycle, gas producers are to raise the first invoice at the revised price of $5.61 per million British thermal unit this weekend.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
The BCCI moved the ICC with a formal appeal seeking that the dispute concerning the six-ODI ban slapped on the Indian captain be referred to arbitration.
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.
Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs
To decide whether capital gains on surrender of call options are taxable
Russia could be banned from participating in the Pyeongchang Winter Olympics if proposed changes to the World Anti-Doping Agency Code announced on Thursday are fast-tracked.
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