The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
Sorabjee had been honoured with Padma Vibhushan in 2002 for his defence of the freedom of expression and the protection of human rights.
Beijing now fears that the fallout of the NSG outcome could have an impact on a crucial verdict expected soon from the Permanent Court of Arbitration in The Hague in a case brought by the Philippines concerning China's territorial reclamation activities in the South China Sea.
The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.
One may now not have to wait to get their insurance claims redressed.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Barcelona said it could make a new appeal against the "disproportionate" one year transfer ban ordered by FIFA to a Swiss court, AFP reported.
Kamila Valieva failed a drug test for a banned substance before the Games.
The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order
US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said. Sources aware of the firm's public account filings said entities of Amazon - including Amazon Retail, Amazon Seller Services, Amazon Transportation Services, Amazon Wholesale, and Amazon Internet Services - paid Rs 3,420 crore in India during 2018-19 and Rs 5,126 crore during 2019-20 towards legal fees. Amazon is locked in a legal tussle over the takeover of Future Group and is facing a probe by the Competition Commission of India (CCI).
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
In 2013, Daiichi had launched the arbitration proceedings in Singapore.
In the full decision posted on CAS's website and made public on Wednesday, CAS said Sun Yang had sought to shift blame to testers and his entourage and taken no responsibility for his actions.
The World Anti Doping Agency has rejected the National Anti Doping Panel verdict on wrestler Narsingh Yadav after he was given a clean chit to compete in Rio Olympic Games, according to reports on Monday.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
"The CAS Panel found it more likely than not that the origin of the prohibited substance was contaminated beef consumed in a restaurant the day before the test," sport's highest court said in a statement.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
'Whoever is going to stop me from running is going to have to drag me out of the track'
Disgraced former FIFA president Sepp Blatter has pledged to accept the verdict as he made his final appeal before the Court of Arbitration for Sport (CAS) against his six-year ban from all football-related activities.
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.
After a month long legal battle, the cash-strapped Deccan Chargers on Saturday lost its status as an IPL team after the Bombay High Court stayed the order of Arbitrator for maintaining status quo on the matter till further hearing.
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
In a significant development in an India-Pakistan dispute, the International Court of Arbitration at The Hague on Tuesday upheld India's right to divert water from the Kishanganga hydroelectric project in Kashmir.
Double Olympic 800 metres champion Caster Semenya has lost her appeal to the Swiss Federal Tribunal (SFT) to set aside a 2019 Court of Arbitration (CAS) ruling that female athletes with high natural testosterone levels must take medication to reduce it.
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
The Australian High Commissioner had said Australia remains deeply concerned by Chinese actions in the South China Sea that are 'destabilising and could provoke escalation'. In a tweet, the Chinese envoy took objection to his remarks and said they were made 'disregarding facts'.
While reserving the verdict, the apex court had said that the pricing details of Rafale jets could only be discussed after it decides on whether to make it public.
Future Retail's (FRL's) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations. By actively misleading the CCI and the regulator, it has to revoke the approval granted for Amazon's investment in FCPL.
WADA on Friday was thrust into the spotlight at the Beijing Olympics Kamila Valieva tested positive
'You cannot suppress a section of society permanently.' 'The spark of revolt will catch fire sooner or later.'
India and the European Union have failed to arrive at any understanding on the four-year dispute involving two Italian marines accused of murdering two Indian fishermen
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.
RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.
Jet Airways moved the Supreme Court on Wednesday seeking to transfer all ongoing arbitration cases filed by its failed acquisition target Air Sahara in the Lucknow district court to the Mumbai high court, raising jurisdiction issue.
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 policy is the strictest from any Olympic sports body and effectively bars any transgender women
