News for 'Interim Award'

UCC Can Wait, Personal Law Reforms Can't

UCC Can Wait, Personal Law Reforms Can't

Rediff.com8 Aug 2024

Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.

Vengsarkar, Bhuvneshwar Kumar to get top BCCI awards

Vengsarkar, Bhuvneshwar Kumar to get top BCCI awards

Rediff.com18 Nov 2014

Former India captain Dilip Vengsarkar will be conferred the Col. C.K. Nayudu Lifetime Achievement award at the eighth annual BCCI awards, on November 21 in Mumbai.

Unnao rape: HC seeks CBI reply as victim wants cancellation of Sengar's bail

Unnao rape: HC seeks CBI reply as victim wants cancellation of Sengar's bail

Rediff.com25 Jan 2023

His sentence has been suspended from January 27 to February 10 in the rape case and in another for which he is serving 10 years' imprisonment for the death of the rape victim's father in custody.

TN organisation asks for protection for Tamils

TN organisation asks for protection for Tamils

Rediff.com6 Feb 2007

A three-day bandh called by Karnataka against the interim award in 1991 witnessed unprecedented violence and destruction of properties, danger to lives and liberties and masses fleeing from Bangalore and other adjoining towns

Cauvery tribunal to give final verdict on Monday

Cauvery tribunal to give final verdict on Monday

Rediff.com4 Feb 2007

There has been constant friction between Karnataka and Tamil Nadu on the Cauvery waters issue, which assumes sharp political tones quite often which is often resolved by the bounty of monsoons.

'We Have An Indian Tiger That Needs To Be Uncaged'

'We Have An Indian Tiger That Needs To Be Uncaged'

Rediff.com10 Oct 2024

'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'

HC rejects Future Retail's please against Amazon

HC rejects Future Retail's please against Amazon

Rediff.com21 Dec 2020

Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is "reviewing" the Delhi high court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance. FRL, in a regulatory filing, said it would submit a brief summary after consultation with legal advisors.

Modi Bluster Missing From Budget

Modi Bluster Missing From Budget

Rediff.com26 Jul 2024

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.

SC allows NCP's Mohammed Faizal to continue as MP, stays Kerala HC order

SC allows NCP's Mohammed Faizal to continue as MP, stays Kerala HC order

Rediff.com9 Oct 2023

The Supreme Court on Monday stayed the Kerala high court order rejecting NCP leader Mohammed Faizal's petition seeking suspension of his conviction in an attempt to murder case, an order which may lead to revocation of his disqualification as Lok Sabha MP for a second time.

Govt nods new finance panel to decide central, states' tax spread

Govt nods new finance panel to decide central, states' tax spread

Rediff.com29 Nov 2023

The government has approved the 'Terms of Reference' for the 16 Finance Commission, which makes recommendations on sharing of tax revenues between the Centre and states. The recommendations would cover a five-year period commencing April 1, 2026, Information and Broadcasting Minister Anurag Thakur said on Wednesday, giving details about the decisions taken at the Cabinet meeting last evening. The commission would submit its report by October 31, 2025, Thakur said.

PM assures solution to Cauvery

PM assures solution to Cauvery

Rediff.com8 Jun 2004

It is necessary that distress is shared equitably so that no specific region suffers excessively, " Dr Singh said.

'Crisis Manager' M Nageswar Rao new interim head of CBI

'Crisis Manager' M Nageswar Rao new interim head of CBI

Rediff.com24 Oct 2018

The 1986 batch Odisha cadre IPS officer has been described as a competent officer and is known for his acumen in handling disasters.

Kerala HC stays award to M F Husain

Kerala HC stays award to M F Husain

Rediff.com12 Sep 2007

The state education and cultural department had announced that Husain will be conferred the award on September 17.

Future group to convene meets to seek nod for RIL deal

Future group to convene meets to seek nod for RIL deal

Rediff.com11 Oct 2021

Future group firms are convening meetings of their respective shareholders and creditors in November to seek approval to their proposed merger into Future Enterprises as part of the 24,713-crore deal with Reliance Retail. Several listed transferor firms including Future Retail, Future Consumer, Future Enterprises, Future Lifestyle Fashions, Future Markets Networks and Future Supply Chain Solutions - have informed their shareholders and creditors about the meetings which will take place on November 10 and 11. The meetings of the equity shareholders, secured creditors and unsecured creditors will be held through video conferencing /other audio-visual means, said Future group companies, adding that remote e-voting facility will be offered to all participants.

How Do We Prepare For LA 2028? We Don't.

How Do We Prepare For LA 2028? We Don't.

Rediff.com15 Aug 2024

You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.

Arthur set to return as Pakistan coach

Arthur set to return as Pakistan coach

Rediff.com23 Jan 2023

ICC withdraws demerit point to Rawalpindi stadium

SC grants bail to convict in Godhra train burning case

SC grants bail to convict in Godhra train burning case

Rediff.com15 Dec 2022

The Supreme Court on Thursday granted bail to a convict serving life imprisonment in the 2002 Godhra train coach burning case, noting that he has been in jail for the last 17 years.

SpiceJet told to pay Rs 75 cr to Kalanithi Maran

SpiceJet told to pay Rs 75 cr to Kalanithi Maran

Rediff.com1 Jun 2023

The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.

Future gets nod to conduct shareholders meeting for deal with Reliance

Future gets nod to conduct shareholders meeting for deal with Reliance

Rediff.com28 Sep 2021

The National Company Law Tribunal (NCLT) on Tuesday allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail Ltd. A Mumbai-based two-member NCLT bench comprising Suchitra Kanuparthi and Chandra Bhan Singh dismissed the application filed by e-commerce major Amazon opposing the scheme of merger of the Future group companies, sources close to the development said. Confirming the development, a Future group firm through a regulatory filing informed that NCLT has passed an order, allowing the company to hold meetings of its shareholders and creditors to seek approval for the scheme.

Future Retail gets relief from Delhi HC in RIL case

Future Retail gets relief from Delhi HC in RIL case

Rediff.com8 Feb 2021

Future Retail Ltd (FRL) on Monday said the Delhi high court has ruled that statutory authorities cannot be restrained from acting in accordance with law and stayed a previous order on status quo of its Rs 24,713 crore deal with Reliance. Updating stock exchanges about the court ruling, FRL said a Division Bench comprising Chief Justice D N Patel and Justice Jyoti Singh has stayed the operation and effect of order passed by single Judge J R Midha on February 2. "...inter alia, for the prima facie reason that the company is not a party to the Shareholders Agreement dated August 22, 2019 executed between Amazon, Future Coupons Private Limited and the Promoters of FRL, under which arbitration was initiated by Amazon in Singapore," FRL said.

NCLT imposes moratorium on Go First's financial obligations

NCLT imposes moratorium on Go First's financial obligations

Rediff.com10 May 2023

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.

Breather for Salman after court grants 2-day interim bail

Breather for Salman after court grants 2-day interim bail

Rediff.com6 May 2015

Bollywood Actor Salman Khan suffered a second setback on Wednesday when the Bombay high court rejected his bail plea following his conviction and sentencing in the 2002 hit-and-run case earlier in the day.

Cauvery water row: SC upholds appeals against 2007 tribunal award

Cauvery water row: SC upholds appeals against 2007 tribunal award

Rediff.com9 Dec 2016

On October 18, the apex court had directed Karnataka to keep supplying Tamil Nadu with 2,000 cusecs of water till further orders.

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.

HC judge recuses from bail plea of Unnao rape convict Kuldeep Sengar

HC judge recuses from bail plea of Unnao rape convict Kuldeep Sengar

Rediff.com19 Dec 2022

A bench of Justice Siddharth Mridul and Justice Talwant Singh directed that the case be listed before another bench for hearing on December 22.

Amazon asks Sebi to comply with SC order

Amazon asks Sebi to comply with SC order

Rediff.com31 Aug 2021

US e-commerce giant Amazon has written to Ajay Tyagi, chairman of market regulator Securities and Exchange Board of India (Sebi), to take action as is necessary to comply with the Supreme Court Judgment, related to the $3.4-billion merger deal between Future Group and Reliance. Amazon has requested Sebi to direct the Indian stock exchanges to withdraw the Observation Letters related to this deal with immediate effect. In January this year, Sebi had given a go-ahead onto Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore ($3.4 billion) deal.

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Rediff.com1 Jan 2022

Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans. Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit companies with a consortium of banks and lenders and was to discharge "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. Kishore Biyani-led Future group firm would be "co-operating for completing the monetisation of the specified business within next 30 days" as per directions of the banks to resolve the current situation, said a regulatory filing by Future Retail.

Veteran singer Vani Jayaram found dead with head injury

Veteran singer Vani Jayaram found dead with head injury

Rediff.com4 Feb 2023

Vani Jayaram's husband predeceased her and she had no children, the singer's domestic help said.

SC seeks UP's reply on bail plea of octogenarian jailed for offence in 1981

SC seeks UP's reply on bail plea of octogenarian jailed for offence in 1981

Rediff.com8 Jun 2023

He challenged the order before the Bulandshahr sessions court, which on July 14, 1987 affirmed the trial court's order and upheld his conviction and sentence under the Act.

3 martyred Indian peacekeepers to be conferred prestigious UN medal

3 martyred Indian peacekeepers to be conferred prestigious UN medal

Rediff.com23 May 2023

Three Indian peacekeepers, who lost their lives serving under the UN flag last year, are among the 103 military, police, and civilian peacekeepers who will be honoured posthumously with a prestigious medal in the United Nations for their service and supreme sacrifice in the line of duty.

Future-RIL deal: HC junks FRL plea, seeks Amazon's response

Future-RIL deal: HC junks FRL plea, seeks Amazon's response

Rediff.com29 Oct 2021

The Delhi high court on Friday declined Future Group's plea for stay on an arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained it from going ahead with the Rs 24,731 crore merger deal with Reliance Retail. Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, appearing for FRL, urged the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all proceedings in relation to the enforcement of the EA - would remain in force despite the subsequent order passed by the duly constituted arbitration tribunal.

IL&FS creditors to get Rs 16,361 cr on pro-rata basis

IL&FS creditors to get Rs 16,361 cr on pro-rata basis

Rediff.com3 Jun 2022

The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL. "The interim distribution shall be confined only to the entities as reflected in Annexure-6 except those excluded and for the amount of Rs 16,361 crores i.e Rs 11,296 crore of cash and Rs 5,065 crores of InvIT Units," said an order by a two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan.

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.

Future Retail files caveat in Delhi HC against Amazon

Future Retail files caveat in Delhi HC against Amazon

Rediff.com3 Nov 2020

Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.

Extras: Mahrez, Salah, Mane vie for African football award

Extras: Mahrez, Salah, Mane vie for African football award

Rediff.com22 Dec 2019

News of all that's transpired on and off the football field

Reliance says deal with Future group is off after secured creditors vote it down

Reliance says deal with Future group is off after secured creditors vote it down

Rediff.com23 Apr 2022

Reliance Industries on Saturday said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.

Amazon faces ED probe for violation of forex rules

Amazon faces ED probe for violation of forex rules

Rediff.com28 Jan 2021

The probe is being conducted under various sections of the Foreign Exchange Management Act (FEMA) after the central probe agency recently received a communication from the commerce ministry seeking "necessary action" against e-commerce players like Amazon and Flipkart pertaining to certain multi-brand retail businesses and an observation made by the Delhi High Court in relation to Amazon.

No evidence to show 9-yr-old was raped before being killed, cops tell court

No evidence to show 9-yr-old was raped before being killed, cops tell court

Rediff.com13 Aug 2021

The Delhi police has told a court in the national capital that no evidence could be collected so far to confirm whether the nine-year-old girl was raped before allegedly being killed near Delhi Cantonment in south-west Delhi earlier this month.

Diageo's India-born CEO Ivan Menezes passes away

Diageo's India-born CEO Ivan Menezes passes away

Rediff.com7 Jun 2023

Ivan Manuel Menezes, the India-born CEO of the world's biggest spirits company Diageo, died on Wednesday, days after being hospitalised for treatment of stomach ulcer. Menezes, 64, who was to retire at the end of this month, died in London, the company said. "It is with great sadness that Diageo announces that Sir Ivan Menezes has passed away following a brief illness, with his family at his side," it said in a statement. Diageo had on Monday announced that CEO-designate Debra Crew will assume the top role on an interim basis immediately as Menezes undergoes medical treatment.