Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
Liverpool have been told by a tribunal to pay Championship (second-tier) leaders Burnley up to eight million pounds ($11.7 million) for striker Danny Ings.
The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law. Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority, according to a filing seen by PTI.
Jadhav, the 50-year-old retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of espionage and terrorism in April 2017.
Jamshed, who played 48 one-day internationals and two Tests, was suspended from all forms of cricket in February 2017 for violating the PCB's anti-corruption code and handed a one-year ban in December for failing to co-operate with the ACU's investigation.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
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.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Jaitley said the tribunal has confirmed Italy's obligation to return Sergeant Girone to India in case India's jurisdiction over him is established.
The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.
In his fresh petition, Verma said he had filed a statutory complaint with the defence ministry, challenging appointment of Vice Admiral Singh as the next navy chief, and asked it to respond within 10 days.
Khan was ousted from power after losing a no-confidence vote in his leadership following days of high drama.
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned till February 25, the hearing on the plea of e-commerce major Amazon, seeking an interim stay over the order passed by fair trade regulator CCI, which suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). When the matter was called for hearing, a two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in the next four days, after completing his tenure. In this matter, NCLAT would also have to hear other parties such as fair trade regulator CCI, before passing an order and it would take some more time and then the retiring member would not be a part of the bench.
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.
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.
The United Nations owes India $110 million (over Rs 672 crore), the second highest outstanding payment to any country, for costs relating to peacekeeping operations and troops, a top UN official said.
Italy in March had asked the PCA judges to order India to release its detained marine Girone, saying otherwise he risks four more years in India without any charges being made which would amount to 'grave violation of his human rights'.
China will prioritise the development of a floating nuclear power platform in the coming five years.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
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.
Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.
Khan's Pakistan Tehreek-e-Insaf (PTI) won 15 of 20 seats up for grabs in the politically crucial province of Punjab on Sunday, dealing a major blow to Prime Minister Shehbaz Sharif and his 13-party alliance led by the ruling PML-N.
Khalid and his Pakistan and Islamabad United teammate Sharjeel Khan have both now appeared before the tribunal in Lahore and decided to contest the spot-fixing charges against them in the corruption scandal that rocked the Pakistan Super League.
Trump tweeted, hours after Pentagon announced it had reached an understanding with China for the return of the drone.
Bangladesh's Supreme Court on Tuesday upheld the death sentence against the second highest ranking leader of the fundamentalist Jamaat-e-Islami for war crimes, including massacre of intelligentsia during the liberation war against Pakistan, paving the way for his execution.
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.
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.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
Four Canadian ministers of Indian origin are traveling with Prime Minister Trudeau.
Confirming the news, PCB lawyer Taffazul Rizvi revealed that the bat grips that a bookmaker had given to Khalid were seized from his bag.
The head of the International Cricket Council's Anti-Corruption and Security Unit, Sir Ronnie Flanagan has made it clear that they had first tipped off the Pakistan Cricket Board's ACU about possible spot- fixing in the Pakistan Super League.
Maverick batsman Chris Gayle has said he "stands by his comments" against former team-mate Ramnaresh Sarwan but conceded that his actions were damaging to West Indies cricket, prompting the Caribbean Premier League (CPL) organisers to close the controversial issue. The 40-year-old Gayle, who was signed by St Lucia Zouks for the 2020 season of the CPL, had called Sarwan "worse than coronavirus" in a video post, accusing the Guyanese of plotting his exit from CPL outfit Jamaica Tallawahs.
The high court directed the central government counsel to file a statement in response to the plea and listed the matter for hearing after two weeks.
Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government to the seven-year old dispute over levy of back taxes, the company - which is now known as Capricorn Energy PLC - has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected. Two sources with direct knowledge of the matter said Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.
SC tells the Centre that any deviation from its stand that the issue of Indian Prisoners of War languishing in Pakistani prisons cannot be taken to the International Court of Justice, will have its own ramifications.
As per the charges, these proscribed outfits were operating under the guise of charities and were involved in funnelling funds to terror suspects.
The International Cricket Council's Anti-Corruption Unit on Monday said tainted Pakistan pacer Mohammad Amir's video in which he admitted his guilt and also described the after-effect of his wrongdoing is being used to educate cricketers about the consequences of indulging in corrupt practices like spot-fixing and match-fixing.
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
Formula One's governing body accused the Mercedes team on Thursday of breaking the rules by testing in Spain with tyre supplier Pirelli last month and benefiting from their involvement.
