News for 'Foreigners Tribunal'

Final NRC out in Assam, nearly 2 million stare at uncertain future

Final NRC out in Assam, nearly 2 million stare at uncertain future

Rediff.com31 Aug 2019

A total of 3,30,27,661 people had applied to be included in the NRC. Of them, 3,11,21,004 have been included in the document and 19,06,657 excluded.

Former Pak ministers Shah Mehmood Qureshi, Fawad Chaudhry arrested

Former Pak ministers Shah Mehmood Qureshi, Fawad Chaudhry arrested

Rediff.com11 May 2023

A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.

Retro tax settlement with Cairn may hinge on Vedanta case

Retro tax settlement with Cairn may hinge on Vedanta case

Rediff.com20 Aug 2021

The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.

SC verdict on Amazon's pleas against FRL-Reliance deal on Friday

SC verdict on Amazon's pleas against FRL-Reliance deal on Friday

Rediff.com5 Aug 2021

The Supreme Court is scheduled to pronounce on Friday the verdict on e-commerce giant Amazon's pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail and is likely to decide whether Singapore's Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore deal, was valid under Indian law and can be enforced. As per apex court website, the verdict would be pronounced at 10.30 AM by a bench of Justices R F Nariman and B R Gavai which had reserved it on July 29 after hearing battery of lawyers including senior advocates Harish Salve and Gopal Subramanium, appearing for FRL and Amazon respectively. The verdict is keenly awaited as it is likely to deal with the legality and enforceability of an award by an Emergency Arbitrator (EA) of the foreign country here in view of the fact that the term EA is not used in the Indian Arbitration and Conciliation Act.

Tax net: Foreign portfolio investors caught in a bind

Tax net: Foreign portfolio investors caught in a bind

Rediff.com6 Feb 2015

At least 200 investors have to furnish financial statements

Individuals, NGOs giving crimes communal colour a norm now: Govt to HC

Individuals, NGOs giving crimes communal colour a norm now: Govt to HC

Rediff.com1 Feb 2023

This is needed to maintain the purity of judicial process and fairness in ongoing trials riots' cases, it said.

Amazon-Future case: SC sets aside Delhi HC orders, remands cases back for fresh decision

Amazon-Future case: SC sets aside Delhi HC orders, remands cases back for fresh decision

Rediff.com1 Feb 2022

The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.

Post-Imran Khan, Pak oppn eyes Nawaz return, President Alvi's ouster

Post-Imran Khan, Pak oppn eyes Nawaz return, President Alvi's ouster

Rediff.com8 Apr 2022

Pakistan Muslim League-Nawaz president and Leader of Opposition in National Assembly Shehbaz Sharif, 70, who is the Opposition's candidate for the new prime minister, will announce his possible government priorities after taking the oath.

Final NRC draft released in Assam, fate of 40 lakh hangs in balance

Final NRC draft released in Assam, fate of 40 lakh hangs in balance

Rediff.com30 Jul 2018

Chief Minister Sarbananda Sonowal said the "historic day will remain etched in their memories forever".

Jallikattu Verdict A Victory For Tamil Youth Power

Jallikattu Verdict A Victory For Tamil Youth Power

Rediff.com22 May 2023

They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.

India's new foreign secretary: A firebrand and go-getter

India's new foreign secretary: A firebrand and go-getter

Rediff.com5 Jul 2013

Sujatha Singh stands for the right values and quite simply, she's a "good person" who understands complex economic issues thoroughly, say her friends.

Adani, Jindal, Ambani are in race to buy Videocon's assets

Adani, Jindal, Ambani are in race to buy Videocon's assets

Rediff.com10 Feb 2022

With the Adani and Jindal groups and Mukesh Ambani-owned Reliance Industries joining the race to buy Videocon Industries' (VIL's) assets, lenders are expecting aggressive bids for VIL's consumer durables and overseas oil assets, which are to be sold in separate auctions. The entire asset sale exercise is expected to be completed in the next six months, said a banker. A promoter entity of Naveen Jindal-owned Jindal Steel and Power has also evinced interest in the second round of bids for VIL's consumer durable business. The deadline to submit bids for VIL's assets ended on February 2.

Taliban moving away terrorists from Pak border: Report

Taliban moving away terrorists from Pak border: Report

Rediff.com25 Apr 2022

Pakistan, in recent months, has been increasingly frustrated by the Taliban government's reluctance to eliminate the terrorist groups, including the banned Tehreek-e-Taliban Pakistan (TTP).

Why stopping Future's asset sale to Reliance may not be easy

Why stopping Future's asset sale to Reliance may not be easy

Rediff.com3 Feb 2021

Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers' purse.

TMC MP Mahua Moitra challenges CAB in SC

TMC MP Mahua Moitra challenges CAB in SC

Rediff.com13 Dec 2019

Moitra's counsel mentioned the matter for urgent listing before a bench headed by Chief Justice of India S A Bobde.

Italian marines: SC asks govt to deposit compensation for fishermen kin

Italian marines: SC asks govt to deposit compensation for fishermen kin

Rediff.com9 Apr 2021

The Supreme Court on Friday directed the Centre to deposit in its account the compensation given by Italy for the kin of two Indian fishermen killed by Italian Marines off the Kerala coast in February 2012.

Cairn has identified India's assets for seizure in case of non-payment

Cairn has identified India's assets for seizure in case of non-payment

Rediff.com9 Mar 2021

British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.

Pakistan unhappy with Indian action, repeats call for joint probe into BrahMos misfire

Pakistan unhappy with Indian action, repeats call for joint probe into BrahMos misfire

Rediff.com25 Aug 2022

Pakistan has rejected India's action over the March 9 accidental firing of a supersonic BrahMos missile that landed in its territory as "totally unsatisfactory, deficient and inadequate" and reiterated its demand for a joint probe into the incident.

Amazon challenges CCI over suspension of 2019 Future deal

Amazon challenges CCI over suspension of 2019 Future deal

Rediff.com10 Jan 2022

Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).

Sharif to push ahead with China's economic corridor, says PML-N

Sharif to push ahead with China's economic corridor, says PML-N

Rediff.com18 Apr 2022

Pakistan Prime Minister Shehbaz Sharif will take the USD 60 billion China-Pakistan Economic Corridor forward with new vigour, vitality and in a rejuvenated manner, ensuring the multifaceted development of the flagship project of China's ambitious Belt and Road Initiative, a top leader of the ruling PML-N has said.

Google slams CCI enquiry; says it's 'tainted'

Google slams CCI enquiry; says it's 'tainted'

Rediff.com4 Jan 2023

Google has termed as "tainted" the investigations done against it by CCI, contending that the two informants on whose complaint the fair trade regulator has initiated the enquiry were working at the same office that was investigating the tech major. This was "against the principles of natural justice", Google said in the petition filed before the National Company Law Appellate Tribunal (NCLAT), adding the Competition Commission of India (CCI) should have refrained from initiating an investigation based on a complaint filed by their own employees. "At the very least, the Commission could have debarred the Informants from working in the DG office while the investigation was ongoing, to ensure that the investigating officer was able to impartially assess the case without any influence, such that no concerns could arise on the independence of the investigation," said Google.

Ahead of no-trust vote, Imran 'confident' of victory

Ahead of no-trust vote, Imran 'confident' of victory

Rediff.com3 Apr 2022

The prime minister needs 172 votes in the lower house of 342 to foil the Opposition's bid to topple him.

Imran's new national security policy puts Kashmir at core of India ties

Imran's new national security policy puts Kashmir at core of India ties

Rediff.com14 Jan 2022

Pakistan Prime Minister Imran Khan on Friday launched the country's first-ever national security policy, which articulates a citizen-centric framework, placing economic security at its core unlike the previous one-dimensional security policy where the focus was on the military.

Go to India if you like it so much: Maryam to Imran

Go to India if you like it so much: Maryam to Imran

Rediff.com9 Apr 2022

The remarks of Maryam came after Khan called India a "nation with a great sense of honour".

Air India asks US court to dismiss Cairn petition

Air India asks US court to dismiss Cairn petition

Rediff.com29 Aug 2021

Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.

Kamala Harris accuses China of 'coercion, intimidation' in SCS

Kamala Harris accuses China of 'coercion, intimidation' in SCS

Rediff.com24 Aug 2021

Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.

Cairn going all out to make Indian govt pay $1.2 bn arbitration award

Cairn going all out to make Indian govt pay $1.2 bn arbitration award

Rediff.com28 Mar 2021

UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.

SC upholds Amazon claim against Future-Reliance deal

SC upholds Amazon claim against Future-Reliance deal

Rediff.com6 Aug 2021

The Supreme Court of India on Friday ruled in favour of e-commerce giant Amazon by holding that Singapore's Emergency Arbitrator (EA) award, restraining the Rs 24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail, was valid and enforceable under Indian laws.

Do you know why India is protesting against CAA/NRC?

Do you know why India is protesting against CAA/NRC?

Rediff.com24 Dec 2019

'The NRC is aimed at rounding up and permanently jailing Indian Muslims who cannot produce the documents to satisfy a government which punishes those individuals who do not declare maximum number of Muslims foreigners.' 'It is for this reason that we see so many Indian Muslims protesting these laws and it is for this reason that so many non-Muslims cannot stand by and watch what is happening in their country,' says Aakar Patel.

Insurers set the ball rolling on foreign stake hike

Insurers set the ball rolling on foreign stake hike

Rediff.com13 Mar 2015

Bharti will move FIPB soon for increasing Axa's stake to 49%

Modi's plane flies over Pak airspace en route to Italy

Modi's plane flies over Pak airspace en route to Italy

Rediff.com31 Oct 2021

Prime Minister Modi's plane Boeing 777, 300ER, K7066 entered the Pakistani airspace from Bahawalpur, passed through Turbat and Panjgur and via Iran and Turkey reached Italy, The Express Tribune reported.

Cairn offers to forego $500 mn if India agrees to pay principal due

Cairn offers to forego $500 mn if India agrees to pay principal due

Rediff.com11 Apr 2021

UK's Cairn Energy Plc has offered to forego $500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred because of being taxed retrospectively, sources said. The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan. In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation.

UDAN international plan under cloud as AirAsia India fails to get permit

UDAN international plan under cloud as AirAsia India fails to get permit

Rediff.com26 Jul 2022

Tata group-owned AirAsia India's inability to get approval for international flights is hurting UDAN, the Indian government's regional air connectivity project that also aims to link cities in Northeast India and Odisha to places abroad. Sources said the civil aviation ministry is waiting for the low-cost airline to come under the full ownership of Tata Sons and become part of Air India, the former state-owned carrier now owned by the private conglomerate, before allowing it to operate international flights. Tata owns 84 per cent stake in AirAsia India and it is understood that the group will complete the process of buying rest of the stake by July's end.

Cairn to target assets of state-owned firms to recover dues worth $1.2 billion

Cairn to target assets of state-owned firms to recover dues worth $1.2 billion

Rediff.com27 Jun 2021

After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.

Cairn says taking action to access $1.2 bn arbitration award against India

Cairn says taking action to access $1.2 bn arbitration award against India

Rediff.com11 May 2021

Cairn has already taken steps to have the arbitration award recognised in nine major jurisdictions such as the US, UK, France, the Netherlands, Singapore and Canada's Quebec province, where Indian sovereign assets have been identified. It hasn't said what it might go after but assets could include Air India's planes, vessels belonging to the Shipping Corporation of India and property owned by state banks.

Foreign firms' tax issue: SC to decide

Foreign firms' tax issue: SC to decide

Rediff.com31 Jul 2008

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.

Future Group vs Amazon: The 5 big legal hurdles

Future Group vs Amazon: The 5 big legal hurdles

Rediff.com4 Nov 2020

While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.

Indian HC rejects Pak media's claim of spouse of official tested +ve

Indian HC rejects Pak media's claim of spouse of official tested +ve

Rediff.com24 May 2021

All 12 passengers carried negative Polymerase Chain Reaction COVID-19 reports but they were re-tested in line with the laid down COVID-19 safety protocols in Pakistan.

Pak media welcomes regime change with a sigh of relief

Pak media welcomes regime change with a sigh of relief

Rediff.com10 Apr 2022

Khan was ousted from power after losing a no-confidence vote in his leadership following days of high drama.

Pak Parliament set to vote on no-trust vote against PM Imran Khan

Pak Parliament set to vote on no-trust vote against PM Imran Khan

Rediff.com9 Apr 2022

The Opposition parties need 172 members in the 342-member house to orchestrate the downfall of Prime Minister Khan.