The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
On the first day after the fall of Hasina's government, a tense atmosphere prevailed at the secretariat on Tuesday, the Dhaka Tribune newspaper reported.
He made the remarks during a meeting with the leaders of various political parties and civil society representatives at Bangabhaban in the presence of the chief of three forces, the Bengali-language daily Prothom Alo reported.
Over 100 people have been killed in the violence across Bangladesh as chaos reigned supreme hours after Sheikh Hasina resigned as prime minister and fled the country on Monday, reports said on Tuesday amid signs of return to normalcy.
A decision to approve an amendment to the act was taken at the Union Cabinet's meeting held earlier this week. The amendment is likely to be introduced in Parliament in its next session.
Bangladesh's interim government on Sunday issued a stern warning to media organisations, stating that they will be shut down if they publish or broadcast false or misleading news, in a move aimed at curbing the spread of misinformation.
The Securities Appellate Tribunal on Thursday dismissed an appeal by two Sahara group firms against Sebi in the high-profile case involving refund of about Rs 24,000 crore (Rs 240 billion) with interest to about three crore investors.
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
A special tribunal on Wednesday upheld the ban imposed by the Centre on Students Islamic Movement of India, which has links with Pakistan-based terrorist outfits including Lashkar-e-Tayiba and its front, Indian Mujahideen.
Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, said that it has acquired another aircraft for the conversion slot in early February 2025.
Chairman of the Cauvery Water Disputes Tribunal Justice N P Singh has resigned from his post citing ill health. Sources in the water resources ministry said Justice Singh, 80, had sent his resignation papers earlier this week.
Nobel laureate Prof Mohammad Yunus, the designated head of Bangladesh's interim government, on Wednesday fervently appealed everybody 'to stay calm' and 'refrain from all kinds of violence' as the country witnessed a major reshuffle in the security establishment after the ouster of the Sheikh Hasina government.
Images from the US Open men's singles final between Jannik Sinner and Taylor Fritz, at Flushing Meadows, New York, on Sunday.
While that created a stir so did the decision on his penultimate day at work with the Supreme Court rechristening its summer vacation "partial court working days", an issue that has led to criticism that the apex court judges enjoyed long breaks.
ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to withdraw all claims against each other. As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL), both "have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the SIAC and all related legal proceedings initiated in the NCLT and other forums," said a joint statement.
The tribunal passed the order on a plea by four MCD employees, who sought its direction to the municipal body to release their salary for the period between 2006, when they were relieved from their services and 2008, when they were terminated.
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
IPL matches in Bengaluru under NGT scanner
The finance ministry's proposal to set up a National Tax Tribunal has moved a step closer with the law ministry finding no objection with the plan.
The Delhi high court on Wednesday upheld an order of the Income Tax Appellate Tribunal (ITAT) refusing to stay a notice issued by the Income Tax department to the Congress party for recovery of outstanding tax of more than Rs 100 crore.
According to officials in the know of the development, the findings of a Court of Inquiry and his conviction and sentencing were confirmed by the higher Army authorities on November 11 as required under the law.
Muhammad Yunus urged the people to "exercise patience" before judging his government's role.
HP has been charged with underpaying customs duties while importing products and spare parts.
Sheikh Hasina, who was elected for a record fourth consecutive term and fifth overall term this year, was always admired by her supporters as "Iron Lady", before the dramatic development that abruptly ended her 15-year-rule in Bangladesh.
63 Moons Technologies that has a claim of Rs 200 crore from Dewan Housing Finance, which is being taken over by the Piramal Group for as low as Rs 37,500 crore against a total claim of close to Rs 85,000 crore, on Tuesday said it will challenge the resolution at the NCLAT shortly. On Tuesday, making an about-turn, the Mumbai bench of the National Company Law Tribunal (NCLT) chaired by HP Chaturvedi and Ravikumar Duraisamy, allowed Piramal Group to take over DHFL under the bankruptcy code for as low as Rs 37,500 crore against a claim of close to Rs 85,000 crore. It had on May 25 asked the committee of creditors to consider the Wadhawans offer of paying back almost Rs 93,000 crore to the lenders and creditors, which was stayed by the NCLAT after the Pirmal group challenged it.
An income tax tribunal held that the amount received by Google Ireland from Google India towards marketing and distribution rights of the AdWords programme is not royalty, and hence, cannot be taxed at the hands of the assessee (Google Ireland). The ruling by the Bengaluru-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts. Explaining the case, Amit Maheshwari, tax expert at AKM Global, said Google Ireland had received Rs 8,662.93 crore under the Google Reseller Agreements.
The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
Former military ruler Pervez Musharraf's efforts to seek election to parliament from four seats suffered major setbacks on Tuesday when tribunals barred him from contesting the May 11 polls from two constituencies in the Pakistani capital and Punjab province.
The tribunal also granted conditional bail to Captain Bhoopendra Singh and directed him to appear before its principal registrar at a regular interval starting from January next year.
Byju Raveendran, the founder of the beleaguered ed-tech firm Byju's, put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, the chief executive officer of edtech firm Unacademy. Munjal highlighted the importance of 'blunt feedback'. In a post on X, he alleged that Byju's founder stopped listening and failed to have people who could give him the right feedback.
Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.
Maharani Lakshmi Bai of Jhansi is a "national hero" and history should not be divided on "communal politics", the Delhi high court said on Wednesday while pulling up the Shahi Idgah managing committee for making "scandalous pleadings" in its plea against installation of her statue inside the Shahi Idgah Park at Sadar Bazar in New Delhi.
The Supreme Court on Tuesday said it will lay down guidelines for all citizens and not for any particular community on the issue of demolition of properties.
Pointing out the "several acts of contract breach" by the AIFF side in the past, Stimac charged AIFF chief Kalyan Chaubey with "changing my public statement given to AIFF media".
The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
Jannik Sinner will hope to block out a rocking home crowd on Sunday when he faces Taylor Fritz in the US Open final at Flushing Meadows, where the 12th seed will be bidding to become the first American man in 21 years to win a Grand Slam singles title.
