Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.
Following the exit poll prediction of a resounding BJP victory, BSE benchmark Sensex shot up on Monday by 2,507 points or 3.4 percent to settle at a new closing peak of 76,469. However, a day later on Tuesday, the equity markets witnessed a bloodbath, with the Sensex tanking 4,390 points or 6 percent to settle at 72,079. This was the worst single-day fall in four years.
Though seven opportunities have been granted to the states, it appears that full compliance has not been affected and several states are in default, it said.
A Varanasi court on Thursday reserved till October 21 its order on a plea seeking inclusion of the Gyanvapi mosque's 'wazookhana' in the ongoing Archaeological Survey of India (ASI) survey of the mosque complex.
The apex court directed the CBI, which is already probing the case, to file its status report in the matter within three months.
A fresh date for Wresting Federation of India's (WFI) long-pending elections is likely to be announced on Wednesday after the Supreme Court set aside the stay imposed by Punjab and Haryana High Court, a member of the IOA-appointed ad hoc committee said.
Senior-most Supreme Court judge Sanjiv Khanna on Wednesday recused himself from considering pleas seeking review of the apex court's judgment last year declining legal recognition to same-sex marriage, sources said.
The project was announced in September 2019 and Prime Minister Narendra Modi laid the foundation stone of the new Parliament building on December 10, 2020.
At least six affiliated state units, including Rajasthan Cricket Association (RCA), have sought an emergent working committee meeting of the Board of Control for Cricket in India on Sunday to discuss matters related to the Supreme Court case regarding the IPL spot-fixing and betting scandal.
Political sources say Modi is 'keen' on getting the NCP (SP) over to the Mahayuti to counter Eknath Shinde's 'demands' and to act as a cushion against his present allies, Nitish Kumar and N Chandrababu Naidu, 'in case their relationship became untenable'.
Thousands of contractual employees of the three state-run power utility companies in Maharashtra have threatened to launch an indefinite strike from Tuesday night over demands including wage hike.
When there are two wills produced before the court, which one will be executed?
The Archaeological Survey of India (ASI) began working on a scientific survey of the Gyanvapi premises in Varanasi on Friday to determine whether the 17th-century mosque was constructed over a pre-existing structure of a Hindu temple.
The Supreme Court on Friday deferred the hearing on a plea of Trinamool Congress leader Mahua Moitra challenging her expulsion from the Lok Sabha till January 3 next year.
Observing that issues pertaining to the change of land use should be addressed on the administrative side, the Supreme Court on Thursday rejected the Supreme Court Bar Association's plea to allot an entire tract of land, which was allotted to the apex court, for conversion into a chamber block for lawyers.
The Centre is likely to constitute a judicial commission headed by a retired Supreme Court judge to examine the demand for carving out Telengana as a separate state from Andhra Pradesh.The decision to constitute the committee came after the Core Committee of the Congress gave its nod for the bifurcation of Telangana.The judicial commission is expected to be chaired by a retired Supreme Court judge, and it will have three experts as its members.
The Supreme Court of India will hear a petition challenging a district court's order to survey a Mughal-era mosque in Sambhal, Uttar Pradesh. The petition alleges that the hasty survey has led to communal tensions and violence, resulting in deaths and injuries. The petitioners argue that the survey was ordered without proper notice or hearing, and they seek a stay on the proceedings and a directive to prevent such surveys from being ordered as a matter of course in cases involving disputes over places of worship.
Former president Shashank Manohar will attend the Board of Control for Cricket in India's Working Committee meeting in Mumbai on Sunday as a special invitee of the Vidarbha Cricket Association.
'The time has come to have a relook at the Constitution as every document has a shelf life.'
'We can't leave this to Parliament; we are sure they (MPs) are not going to sensitise anybody.'
Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.
The NTA had treated the two options as correct answers to the Physics question and had granted four marks to those examinees who had marked these options.
The two sections were not retained in the new bills as the government thought they will go against the judgments of the Supreme Court.
High drama was witnessed at the Board of Control for Cricket in India's crucial Working Committee meeting in Kolkata on Friday over the presence of Narayanswami Srinivasan, prompting president Jagmohan Dalmiya to adjourn it sine die over lack of legal clarity on the sidelined former chief's status.
The Allahabad high court on Wednesday adjourned to February 12 the hearing on a plea challenging the Varanasi district court order allowing Hindu prayers in a cellar of the Gyanvapi mosque in Varanasi.
With his three-week temporary bail for poll campaign ending, Aam Aadmi Party convener and Delhi Chief Minister Arvind Kejriwal will be back in Tihar Jail on Sunday as a court here put off till June 5 its order on his plea seeking interim bail on medical grounds.
The SC expressed concern over 14,926 people being killed in road accidents due to potholes
The Supreme Court on Friday agreed to hear an appeal of the Gyanvapi management committee against an Allahabad High Court order which held that lawsuits for "restoration" of a temple where the mosque stands in Varanasi are maintainable.
The bench was hearing an application filed by the Foundation for Media Professionals seeking the publication of the review orders passed by a special committee headed by the Union Home secretary on internet restrictions in the union territory of Jammu and Kashmir.
Rakhi Singh has accused the Muslim side of destroying Hindu symbols on the Gyanvapi premises and demanded protection of the entire complex in order to ensure that these symbols are not lost.
The top court on Monday directed the protesting resident doctors to resume work by 5 pm on Tuesday, observing that if "there is continued abstention from work, there may be a likelihood of adverse action".
The Supreme Court on Thursday set aside the Bombay high court verdict cancelling the caste certificate of Amravati MP and BJP leader Navneet Kaur Rana.
On the recent decision allowing survey of the Gyanvapi mosque, Madani said, "We have no objection to the survey. We believe that if the survey is conducted honestly, nothing will come out of it."
The high court was hearing a plea moved by Swamy seeking to lead evidence before the trial court in the National Herald case, in which the Gandhis and others are accused.
Solicitor General Tushar Mehta, the Centre's key counsel in defending the abrogation of Article 370 of the Constitution, said on Monday the Supreme Court verdict upholding the government's August 5, 2019, decision will go down in history as the one that corrected a "Himalayan constitutional blunder" of gigantic proportions.
Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.
'Many of them are mutilated beyond recognition. Every day an encounter takes place.' 'Bastar has been burnt to ash.'
This is in contrast to a Supreme Court judgment of March which said the panel should comprise of the prime minister, the leader of opposition in Lok Sabha and the Chief Justice of India.
A bench of Justices Bela M Trivedi and Satish Chandra Sharma issued notices to the Kerala government and the victim in the case and sought their replies within two weeks.
West Bengal Chief Minister Mamata Banerjee said the verdict is a victory of democracy.
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