News for 'The Tribune'

Tribunal stays Sebi's order on Yes Bank's former MD Rana Kapoor

Tribunal stays Sebi's order on Yes Bank's former MD Rana Kapoor

Rediff.com14 Sep 2023

The Securities Appellate Tribunal (SAT) has granted an interim stay on a Sebi order that slapped a penalty of Rs 2 crore on Yes Bank's former MD Rana Kapoor in a case of mis-selling the private sector lender's AT1 bonds. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case. The interim relief came after capital markets regulator Sebi in July issued a demand notice to Kapoor, warning arrest and attachment of his assets over non-payment of the fine of Rs 2 crore, along with the interest.

AIFF want Churchill Brothers to return I-League trophy

AIFF want Churchill Brothers to return I-League trophy

Rediff.com28 Apr 2025

Satyanarayan told PTI that the AIFF will have to obey the CAS' final ruling on the matter.

Banks can now declare ex-IL&FS directors 'wilful defaulters'

Banks can now declare ex-IL&FS directors 'wilful defaulters'

Rediff.com8 Apr 2025

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.

'He doesn't deserve the hate': Draper defends Sinner

'He doesn't deserve the hate': Draper defends Sinner

Rediff.com23 Apr 2025

Briton Jack Draper has given his backing to world number one Jannik Sinner over the doping controversy which saw the Italian accept a three-month ban and said he does not deserve any of the hate he gets.

Bangladesh elections will be held by April next year: Yunus

Bangladesh elections will be held by April next year: Yunus

Rediff.com7 Jun 2025

Yunus said his administration took over to carry out three mandates 'justice, reform and elections.'

Now CPCB report says Sangam water fit for bathing during Kumbh

Now CPCB report says Sangam water fit for bathing during Kumbh

Rediff.com9 Mar 2025

A new report by the Central Pollution Control Board (CPCB) submitted to the National Green Tribunal has said that the water quality during the recently concluded Maha Kumbh in Prayagraj was fit for bathing, despite earlier reports indicating otherwise. The report, based on statistical analysis of water samples collected during the Kumbh, found that the median values for key parameters like pH, dissolved oxygen, biochemical oxygen demand, and fecal coliform count were within permissible limits. However, the report acknowledges significant variability in data due to factors like upstream activities and sampling conditions. The matter is set for hearing on April 7.

Sinner ready for Rome return after doping suspension

Sinner ready for Rome return after doping suspension

Rediff.com26 Apr 2025

Jannik Sinner held onto his world number one ranking ahead of his return from a three-month doping ban

Salute! India's First Ethnic Gorkha General

Salute! India's First Ethnic Gorkha General

Rediff.com7 Jul 2025

Lieutenant General Shakti Gurung deserves to be complimented in telling his life story and that of his people, as subaltern communities within this vast and diverse nation of ours clamour for recognition and a plea for their voices to be heard and their aspirations to be met, notes Lieutenant General Gautam Moorthy.

NCLAT admits Meta, Whatsapp pleas against CCI's Rs 213.14-cr penalty

NCLAT admits Meta, Whatsapp pleas against CCI's Rs 213.14-cr penalty

Rediff.com16 Jan 2025

Appellate tribunal NCLAT on Thursday admitted the petitions filed by Meta Platforms and Whatsapp against an order passed by fair trade regulator CCI which imposed a penalty of Rs 213.14 crore for abuse of market dominance.

Centre testing our patience, emasculating tribunals: SC

Centre testing our patience, emasculating tribunals: SC

Rediff.com6 Sep 2021

The Supreme Court Monday said the Centre was testing its "patience" and "emasculating" tribunals by not appointing officials to the quasi-judicial bodies which are facing severe crunch of presiding officers as well as judicial and technical members and sought action on the matter by September 13.

CAT overturns transfer of Sameer Wankhede

CAT overturns transfer of Sameer Wankhede

Rediff.com6 Mar 2025

The Central Administrative Tribunal (CAT) has overturned the transfer of Indian Revenue Service (IRS) officer Sameer Wankhede from Mumbai to Chennai, ruling that the revenue department violated its own guidelines. Wankhede, known for his role in the Cordelia cruise drug bust case involving Bollywood actor Shah Rukh Khan's son, had claimed his transfer was punitive and a consequence of his actions at the Narcotics Control Bureau (NCB). The CAT found procedural lapses and potential bias in the transfer decision, stating that transfer policies must be implemented fairly and transparently.

If India attacks Pak, B'desh should occupy NE states: Yunus' aide

If India attacks Pak, B'desh should occupy NE states: Yunus' aide

Rediff.com2 May 2025

A former Bangladesh army officer and close aide of Chief Adviser Muhammad Yunus has suggested that Dhaka should collaborate with China to occupy India's northeastern states if it attacks Pakistan in response to the Pahalgam terror attack. Bangladesh's interim government has distanced itself from the remarks made by Major General (Retd) ALM Fazlur Rahman on his social media account. Rahman's comments come amidst growing tensions between India and Bangladesh following Yunus' remarks in China about India's northeastern states being landlocked and needing Bangladesh's access to the ocean. These incidents have further strained relations between the two countries, with India withdrawing transhipment facilities granted to Bangladesh for exporting goods to the Middle East, Europe, and various other countries.

Sinner loses prestigious award over doping ban

Sinner loses prestigious award over doping ban

Rediff.com28 Feb 2025

Sinner, who retained his Australian Open title last month, failed two drug tests in March 2024 but was allowed to keep competing while he appealed his case.

Future Retail's RP moves tribunal against Biyani, others

Future Retail's RP moves tribunal against Biyani, others

Rediff.com17 Aug 2023

The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a "fraudulent transaction" in the company. This application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL). The Transaction Review Auditor was to assist RP in his duties and the determination, wherein a transaction has been reported under Section 66 of the Code for adjudication by the NCLT.

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

Rediff.com3 May 2025

The Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) "illegal" and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.

Notices to farmers over individual petition, not by us: Maha Waqf Board

Notices to farmers over individual petition, not by us: Maha Waqf Board

Rediff.com8 Dec 2024

The Maharashtra State Waqf Board has denied issuing notices to farmers in Latur over land ownership. The notices were issued by the Waqf Tribunal following a claim filed by an individual. The Waqf Board says it has not made any claim on land in any village in Latur district.

LS passes Waqf bill by 288-232 votes; Oppn's amendments rejected

LS passes Waqf bill by 288-232 votes; Oppn's amendments rejected

Rediff.com3 Apr 2025

The Lok Sabha passed the Waqf (Amendment) Bill, 2025, with the ruling NDA defending it as beneficial for minorities while the opposition called it "anti-Muslim". All amendments moved by the opposition were rejected and the bill was passed with 288 votes in favor and 232 against. Union Minorities Affairs Minister Kiren Rijiju asserted that India is the safest place in the world for minorities, refuting claims of their insecurity.

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

Rediff.com9 Jun 2025

HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.

SC sets aside NGT order halting Auroville construction

SC sets aside NGT order halting Auroville construction

Rediff.com18 Mar 2025

The Supreme Court of India has overturned an order by the National Green Tribunal (NGT) that halted construction activities at Auroville in Chennai. The court emphasized the need for a "golden balance" between the right to development and the right to a clean environment, upholding the principle of sustainable development. The decision comes as a victory for the Auroville Foundation, which had challenged the NGT order, and highlights the ongoing debate about balancing environmental concerns with economic growth in India.

IL&FS dispenses Rs 45,281 cr debt to lenders

IL&FS dispenses Rs 45,281 cr debt to lenders

Rediff.com7 Apr 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

Why govt is demanding $2.81 bn from RIL, BP

Why govt is demanding $2.81 bn from RIL, BP

Rediff.com4 Mar 2025

The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.

Sinner considered quitting tennis during doping controversy

Sinner considered quitting tennis during doping controversy

Rediff.com30 Apr 2025

Sinner's settlement brought plenty of criticism from both current and former players, with Serena Williams saying she would have been banned for 20 years and had her Grand Slam titles taken away had she tested positive in a similar fashion.

Qutub Minar, Humayun's Tomb Waqf Properties

Qutub Minar, Humayun's Tomb Waqf Properties

Rediff.com10 Apr 2025

The Archaeological Survey of India informed the JPC that 280 protected monuments have been listed as Waqf properties.

Haldiram's Delhi and Nagpur arms complete merger of FMCG biz

Haldiram's Delhi and Nagpur arms complete merger of FMCG biz

Rediff.com8 Apr 2025

The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Private Ltd has been completed, informed its CEO Krishan Kumar Chutani on the social media platform LinkedIn. "A new chapter begins in the Haldiram story, and it's a significant one," Chutani posted on LinkedIn on Monday.

Pak gets $1 bn as second tranche from IMF; budget under scanner

Pak gets $1 bn as second tranche from IMF; budget under scanner

Rediff.com14 May 2025

The disbursement of the second tranche comes on a day when the International Monetary Fund is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region.

Waqf Islamic concept but not essential to it: Centre to SC

Waqf Islamic concept but not essential to it: Centre to SC

Rediff.com21 May 2025

The Indian government defended the Waqf (Amendment) Act, 2025 in the Supreme Court, arguing that waqf, while an Islamic concept, is not an essential part of Islam. Solicitor General Tushar Mehta stated that waqf is essentially charity, which is recognized across religions, and cannot be considered a fundamental tenet of any faith. He also argued that the amended law addresses secular aspects of waqf and activities unrelated to Islam, and that "waqf by user" does not grant ownership of public land. Mehta highlighted the extensive consultations involved in the bill's creation, including feedback from various stakeholders. The hearing will continue on Thursday.

Blatter, Platini return to court over corruption charge

Blatter, Platini return to court over corruption charge

Rediff.com3 Mar 2025

Blatter and Platini were suspended from football in 2015 by FIFA for ethics breaches, originally for eight years, although their exclusions were later reduced.

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Rediff.com24 May 2025

Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.

Sangam water was fit for bathing during Maha Kumbh: Centre

Sangam water was fit for bathing during Maha Kumbh: Centre

Rediff.com10 Mar 2025

The Indian government has stated that the water in the Ganga river at Triveni Sangam in Prayagraj was fit for bathing during the recently concluded Maha Kumbh, citing a new report from the Central Pollution Control Board (CPCB). The report, however, contradicts an earlier CPCB report that found high faecal coliform levels at several locations in Prayagraj during the Maha Kumbh. The government also highlighted measures taken to ensure water quality during the event, including the installation of sewage treatment plants and the use of advanced oxidation techniques to treat wastewater.

Tribunal dismisses Sebi order against HDFC Bank

Tribunal dismisses Sebi order against HDFC Bank

Rediff.com21 Feb 2022

The Securities Appellate Tribunal (SAT) has quashed a Sebi order against HDFC Bank, whereby the regulator had imposed a penalty of Rs 1 crore on the lender in a case pertaining to invoking securities pledged by stockbroker BRH Wealth Kreators. In addition, the regulator had directed to transfer Rs 158.68 crore along with seven per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled. These directions were issued by Sebi in January 2021 as HDFC Bank invoked securities pledged by BRH Wealth Kreators in violation of the regulator's interim order passed in October 2019.

Tribunal stays Rs 169 cr penalty on Oyo

Tribunal stays Rs 169 cr penalty on Oyo

Rediff.com22 Nov 2022

The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks.

Scandal rocks PCB! Agent representing 20 Pakistani players banned

Scandal rocks PCB! Agent representing 20 Pakistani players banned

Rediff.com31 Mar 2025

The Pakistan Cricket Board (PCB) is set to investigate a case involving a UK-based Pakistani agent, Mughiz Ahmad Shearachiikh, who has been suspended by the England and Wales Cricket Board (ECB) for breaching its anti-corruption code. Shearachiikh and his company, International Cricketers Association (ICA), had signed several centrally contracted Pakistani players last year.

Bangladesh to seek Interpol help to repatriate Hasina

Bangladesh to seek Interpol help to repatriate Hasina

Rediff.com10 Nov 2024

Bangladesh's interim government on Sunday said it will seek Interpol's assistance in repatriating deposed prime minister Sheikh Hasina from India, and other 'fugitives', to face trial for alleged crimes against humanity.

'They Don't Want To Hear The Word Waqf'

'They Don't Want To Hear The Word Waqf'

Rediff.com15 May 2025

'So, they have taken away the word Waqf from the Bill.' 'It will now be known as the UMEED Act.'

India rejects ruling by Hague-based tribunal in dispute with Pakistan

India rejects ruling by Hague-based tribunal in dispute with Pakistan

Rediff.com6 Jul 2023

India on Thursday said it cannot be compelled to participate in "illegal" proceedings at the Permanent Court of Arbitration over the Kishenganga and Ratle hydropower projects in Kashmir after The Hague-based tribunal ruled that it has the "competence" to consider the dispute between New Delhi and Islamabad on the matter.

Govt sets up Delhi HC judge-led tribunal to look into PFI ban

Govt sets up Delhi HC judge-led tribunal to look into PFI ban

Rediff.com7 Oct 2022

The Union home ministry issued a notification, announcing the formation of the tribunal.

SC fines Centre for appeal against pension to soldier's wife

SC fines Centre for appeal against pension to soldier's wife

Rediff.com3 Dec 2024

The Supreme Court on Tuesday imposed a cost of Rs 50,000 on the Centre for filing an appeal against an order of the Armed Forces Tribunal, which granted a liberalised pension to the widow of a soldier who died during a counter-terrorism patrol in Jammu and Kashmir.

Haldiram inks pact with Temasek as strategic investment partner

Haldiram inks pact with Temasek as strategic investment partner

Rediff.com30 Mar 2025

Haldiram has entered into an agreement with Temasek as part of which the Singapore-headquartered global investment firm will "acquire an equity stake from the existing shareholders" of India's largest packed snack and sweets company and restaurant operator, according to a statement issued on Sunday. It did not disclose details of the deal or the valuation at which Temasek acquired the equity stake, but this is the first official confirmation of the deal from Haldiram.

'NCLAT Verdict Bittersweet For CCI, Meta'

'NCLAT Verdict Bittersweet For CCI, Meta'

Rediff.com24 Jan 2025

'Each side could consider challenging the NCLAT's stay order before the Supreme Court.'

RPL stock case: Relief to Mukesh Ambani as SC junks Sebi plea

RPL stock case: Relief to Mukesh Ambani as SC junks Sebi plea

Rediff.com11 Nov 2024

The Supreme Court on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007. A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.