In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
Determined not to be arm-twisted into delaying the execution, he decided to hold a late night hearing at his residence. In the pitch blackness of the night, the original verdict was upheld. The next morning, on 9 October 1992, General Vaidya's assassins were hanged until death.
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.
On Wednesday, June 11, 2024, Telugu Desam Party chief N Chandrababu Naidu was sworn in as chief minister of Andhra Pradesh for the fourth time.
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
'However, to establish a quid pro quo, one can potentially see several things, like whether they got any benefits from the party that they gave money to. That is something that people (of India) will gauge. But to finally establish that there was money paid as consideration, it would require an investigation, a proper investigation, to be able to come up with such conclusions.'
Sexual intercourse, including unnatural act, by a man with his adult wife, even without her consent, can not be treated as an offence, the Chhattisgarh high court held while acquitting a Jagdalpur resident who was convicted of rape and other charges.
The Supreme Court on Wednesday directed the SEBI to complete its probe into two pending cases relating to allegations against the Adani group within three months. Holding that it cannot regulate Sebi's power of investigation, a bench headed by Chief Justice D Y Chandrachud noted that Sebi has completed its probe in 22 out of 24 cases relating to allegations against the Adani group.
A sessions court in Palanpur town of Gujarat's Banaskantha district on Wednesday convicted former Indian Police Service officer Sanjiv Bhatt in a drug seizure case dating back to 1996.
Bhatt was earlier sentenced to life imprisonment in a 1990 custodial death case in Jamnagar and 20 years in jail in a 1996 case relating to planting drugs to frame a Rajasthan-based lawyer in Palanpur. He is currently lodged in the Rajkot Central Jail.
Law Minister Kiren Rijiju tweeted to announce the appointment of Justice Pankaj Mithal, Chief Justice, Rajasthan High Court; Justice Sanjay Karol, Chief Justice, Patna High Court; Justice P V Sanjay Kumar, Chief Justice, Manipur High Court; Justice Ahsanuddin Amanullah of Patna High Court; and Justice Manoj Misra of Allahabad High Court as apex court judges.
India is set to bring eight cheetahs from Botswana in two phases, with four arriving by May 2025. This follows the successful reintroduction of cheetahs to Kuno National Park in Madhya Pradesh, with the population now at 26, including 14 cubs born in India. The initiative aims to boost cheetah conservation efforts and create inter-state collaboration for their protection. The project has already seen significant investment, with over Rs 112 crore spent on cheetah rehabilitation.
