The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
'There is no doubt that he commands respect. He's on the ball.'
The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in a loan fraud case was "without application of mind and due regard to the law", amounting to an "abuse of power", the Bombay high court has said. A division bench of Justices Anuja Prabhudessai and N R Borkar had on February 6 held the Kochhars' arrest as illegal and confirmed a January 2023 interim order passed by another bench granting them bail. In the order made available on Monday, the court said the CBI has been unable to demonstrate the existence of circumstances or supportive material based on which the decision to arrest was taken.
Presently, Justice Ramana is the senior-most Supreme Court judge after the CJI.
The court awarded life imprisonment to Singh on Friday and also imposed a fine of Rs 30,000 on him, government counsel Ashutosh Dubey said.
Verma is understood to have given point-wise refusal to all the allegations levelled by Asthana before the panel comprising Vigilance Commissioners T M Bhasin and Sharad Kumar, they said.
A bench comprising Chief Justice D Y Chandarchud, and Justices V Ramasubramanian and J B Pardiwala, took note of the submissions of senior advocate Meenakshi Arora that an interim order was needed keeping in mind the practical examinations, scheduled for some classes from February 6 in the state.
The voluminous report has proposed redrawing of the Anantnag Parliamentary seat by including Rajouri and Poonch from the Jammu region, besides carrying out massive changes in the Kashmir division, they said.
'Leave B Raman aside, 50 eminent personalities have written about commuting his death sentence. Even a retired judge of the Supreme Court has written about it. Nobody is talking about it.'
"It's time to change the system," declared Indian football legend Bhaichung Bhutia on Saturday, after world football governing body FIFA lifted the ban imposed on the All India Football Federation.
Total amount in these accounts is estimated to be around Rs 1,500-1,600 cr
The Supreme Court on Thursday extended the tenure of Enforcement Directorate chief Sanjay Kumar Mishra till September 15 midnight in larger "public and national interest" after the Centre asserted his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure the country falls in the grey list.
The apex court will have to re-constitute a five-judge bench to hear the pleas after Dussehra vacation as the ex-CJI Ramana and Justice R Subhash Reddy, who were part of the five-judge bench which had heard the pleas, have retired.
Bollywood actor Sanjay Dutt, who is currently serving his five year jail term after being convicted in the 1993 bomb blasts case, on Friday made it clear that he had never filed for pardon with the Maharashtra governor nor had he requested anyone else to do so on his behalf.
Former India cricketer Virender Sehwag, Paralympic silver-medallist Deepa Malik and hockey stalwart Sardar Singh were on Friday included in a 12-member committee constituted by the sports ministry to select this year's National Sports Awards winners. Just like last year, the ministry opted for a single selection committee to pick the awardees among both athletes and coaches and it will be headed by Retired Supreme Court Justice, Mukundakam Sharma.
'If he has been able to overcome this major obstacle (withdrawal of POCSO after the complainant and victim withdrew the charge) I don't think he has anything to worry about now.' 'Cancellation of POCSO is akin to giving him a lifeline.'
Think you know all about the former Chief Justice of India, whom the Modi government nominated to the Rajya Sabha?
RNRL is seeking 28 million cubic meter of gas a day or more than one-third of peak output from RIL's eastern offshore KG-D6 fields at a price set in a 2005 family agreement.
The Supreme Court on Tuesday said it would list for hearing on November 14 a PIL seeking constitution of a judicial commission to probe the Morbi bridge collapse incident in Gujarat.
She is the first woman lawyer to enter the top judiciary directly.
The most strident criticism of UP's anti-conversion ordinance has come from the judiciary with several retired Supreme Court and high court judges having described it as being violative of Article 14 (Right to Equality), 15 (Prohibition of discrimination on grounds of religion), 21 (Right to Life) and 25 (Freedom of conscience) of the Constitution, points out Rashme Sehgal.
The top court said that the proceedings initiated in December 2019 were contrary to the law laid down by the Supreme Court and cannot be sustained.
A substantial number of castes and groups are already placed in the reserved category, getting about 52 per cent of reservations altogether. It would be completely inequitable to place the Maratha community in the Other Backward Class (OBC) category, it said.
Bhushan, who deposited the fine with the apex court Registry over his two tweets seen as contempt of court, said that he has received contributions from several corners of the country for paying the fine, and a 'truth fund' will be created out of such contributions to provide legal aid to those who are prosecuted for dissenting opinions.
A battle royale, fought over 15 long years, comes to an end as a prince and a princess -- grandchildren of the legendary Rajmata Gayatri Devi -- get back the Jai Mahal Palace Hotel from their step-uncles.
His disqualification to participate in future elections may follow, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
While slamming all and sundry, he rued that he got abuses and hate mails for his 'sincere attempts to pass on the knowledge acquired from his gurus'.
Home Minister Amit Shah on Wednesday appealed to the opposition for the unanimous passage of the women's reservation bill and said shortcomings, if any, can be rectified at a later date.
A row erupted after the Chief Justice of India Ranjan Gogoi-headed five-judge Collegium in a fresh resolution on January 10 recommended the elevation of Justice Dinesh Maheshwari and Justice Sanjiv Khanna to the Supreme Court bypassing the seniority of several judges.
The Manipur government on Friday told the Supreme Court that it has filed a status report on the issue of recovery of arms from 'all sources' in the ethnic violence-hit state.
Indian Olympic Association (IOA) president P T Usha on Thursday said the grapplers protesting on the streets amounts to indiscipline and is tarnishing the country's image.
It said since the appellant at present would be more than 20 years old, there was no requirement of sending him to the Juvenile Justice Board or any other child care facility or institution.
"Day in day out there exists a misconception in the minds of people that judges stay in big bungalows, work only 10 AM to 4 PM and enjoy their holidays. Such a narrative is untrue," Chief Justice N V Ramana said on Thursday while paying glowing tributes to Justice Rohinton Fali Nariman on his superannuation after over seven years at the Supreme Court bench.
The row over premature retirement of former NCLAT Chairperson Justice Ashok Iqbal Singh Cheema ended in the Supreme Court on Thursday as the Centre conceded, permitting him to continue in office till September 20 to pronounce verdicts.
According to a notification issued by the government, Justice Ramana would take over as the 48th CJI on April 24 after incumbent CJI S A Bobde demits office a day before. Justice Ramana would retire on August 26, 2022.
Malhotra was administered the oath of office and secrecy in a ceremony held at court number 1 in the apex court.
Two women candidates; Lok Sabha Speakers; Chief Justices; A Chief Election Commissioner; drafters of the Constitution; the RBI's first Indian governor; a farm leader who unsuccessfully contested four times; an iconic Bharata Natyam dancer...
The Supreme Court on Monday said it will decide "once and for all" the legal issue of whether the earlier apex court judgment laying down procedures for the appointment of the director general of police (DGP) in states will also be applicable to Delhi and other cities.
Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.
Having declared democracy in danger at a famous press conference in January, the newly sworn-in chief justice's stint of 1 year and 44 days will be keenly watched for what he does to defend this ideal
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances