News for 'Tribune'

Should CJI be involved in executive appointments? Experts differ

Should CJI be involved in executive appointments? Experts differ

Rediff.com15 Feb 2025

The views came in the wake of Vice President Jagdeep Dhankhar wondering on Friday that how could the CJI, even by "statutory prescription", get involved in executive appointments such as that of Central Bureau of Investigation director, and said it was time to "revisit" such norms.

Zepto completes reverse flip from Singapore to India ahead of IPO

Zepto completes reverse flip from Singapore to India ahead of IPO

Rediff.com28 Jan 2025

Quick commerce company Zepto has completed a reverse flip from Singapore to India to become an Indian parent's entity ahead of its proposed IPO. Its co-founder and CEO Aadit Palicha, in a post on LinkedIn, described it as a historic milestone for the Indian startup ecosystem and an inflection point that represents long-term confidence in the liquidity and depth of Indian capital markets.

Women We Admire: India's Legal Eagles

Women We Admire: India's Legal Eagles

Rediff.com8 Mar 2025

This Women's Day Week, we celebrate the groundbreaking achievements of Justice Anna Chandy, Justice M Fathima Beevi and Justice Leila Seth.

Fake court busted in Gujarat, man posing as 'judge' arrested

Fake court busted in Gujarat, man posing as 'judge' arrested

Rediff.com22 Oct 2024

Police have uncovered a nefarious scheme orchestrated by a man masquerading as a judge in his own fake tribunal and passing 'judgements' since 2019 especially in land deals in Gandhinagar area.

Tribunal orders insolvency proceeding against Future Retail

Tribunal orders insolvency proceeding against Future Retail

Rediff.com20 Jul 2022

The National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India's plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd (FRL). The tribunal rejected Amazon's objection to initiating insolvency proceedings against Future Retail. Admitting the lenders' plea, the NCLT appointed Vijay Kumar Iyar as the resolution professional for FRL.

'Radical organisation': Plea seeks ban on ISKCON in Bangladesh

'Radical organisation': Plea seeks ban on ISKCON in Bangladesh

Rediff.com28 Nov 2024

This comes amid the row over the arrest of former priest of ISKCON Bangladesh, Chinmoy Krishna Das Brahmachari, over sedition charges, which led to protests and unrest in Bangladesh.

Two more insolvency pleas against SpiceJet

Two more insolvency pleas against SpiceJet

Rediff.com18 Nov 2024

Two more insolvency petitions were filed by Sabarmati Aviation and JetAir 17 against budget carrier Spicejet at the National Company Law Tribunal (NCLT) on Monday. The NCLT issued a notice to the airline over the plea by operational creditor Sabarmati Aviation while asking another complainant, JetAir 17, to file additional documents in support of its claims of $27 million.

The Lady Judge Who Heads Gujarat UCC Panel

The Lady Judge Who Heads Gujarat UCC Panel

Rediff.com5 Mar 2025

On the basis of her committee's report, the UCC in Uttarakhand established mandatory registration for marriages and live-in relationships, banned polygamy, and provided equal inheritance rights for women.

JD-U sacks Manipur unit chief soon after he withdrew support from BJP

JD-U sacks Manipur unit chief soon after he withdrew support from BJP

Rediff.com22 Jan 2025

The Janata Dal-United state unit in Manipur has withdrawn support to the Bharatiya Janata Party-led Biren Singh government and the party has informed its decision to governor Ajay Kumar Bhalla.

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.

'Goal for Axis Max Life Insurance is to become listed entity'

'Goal for Axis Max Life Insurance is to become listed entity'

Rediff.com17 Feb 2025

'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'

'I haven't done anything wrong'

'I haven't done anything wrong'

Rediff.com10 Jan 2025

Sinner unclear about CAS case ahead of Australian Open defence

Protesters set afire Mujibur Rahman's home in Dhaka during Hasina's address

Protesters set afire Mujibur Rahman's home in Dhaka during Hasina's address

Rediff.com6 Feb 2025

A large group of protesters vandalized and set fire to the residence of Bangladesh founder Sheikh Mujibur Rahman in Dhaka during a live online address by his daughter and deposed prime minister Sheikh Hasina. The incident occurred as Hasina was delivering a speech organized by the Awami League's now disbanded student wing Chhatra League, calling upon the countrymen to resist the current regime.

Waiting for muhurat? SC slams Assam over delay in deporting foreigners

Waiting for muhurat? SC slams Assam over delay in deporting foreigners

Rediff.com4 Feb 2025

The Supreme Court of India censured the Assam government for keeping persons declared foreigners in detention centers indefinitely and not deporting them. The court questioned the state's explanation for not sending nationality verification forms to the Ministry of External Affairs, stating that detainees should be deported immediately once identified as foreigners. The court directed the Assam government to initiate the deportation process of 63 declared foreign nationals whose nationality was known and file a status report in two weeks. The court also directed the Centre to provide details of those deported and how it plans to deal with detainees whose nationality is unknown.

SC raps Assam govt for not deporting 63 foreigners

SC raps Assam govt for not deporting 63 foreigners

Rediff.com4 Feb 2025

"Are you waiting for some muhurat," the Supreme Court remarked on Tuesday as it came down heavily on the Assam government for keeping people declared as foreigners in detention centres indefinitely rather than deporting them.

Hasina's party members face brunt of violence in Bangladesh

Hasina's party members face brunt of violence in Bangladesh

Rediff.com7 Feb 2025

Protesters in Bangladesh have attacked and torched houses of leaders of Sheikh Hasina's Awami League across the country, while murals of the country's founder Sheikh Mujibur Rahman were demolished and defaced in nearly two dozen districts. The unrest sparked after a live online address of Hasina, who is living in India following a massive student-led protest that toppled her Awami League's 16-year regime. The protesters have also called for scrapping the 1972 Constitution and changing the national anthem.

'Old Tax Scheme Will Naturally Go Away'

'Old Tax Scheme Will Naturally Go Away'

Rediff.com4 Feb 2025

'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'

Kashmiri Pandit women marrying non-migrants won't lose status: HC

Kashmiri Pandit women marrying non-migrants won't lose status: HC

Rediff.com1 Dec 2024

The two women -- Seema Koul and Vishalni Koul -- had moved the high court in 2018 after their provisional selection to the post of legal assistant in the department of disaster management relief, rehabilitation and re-construction under the PM package for Kashmiri migrants in December 1, 2017 forfeited on the ground that they have lost their migrant status having married non-migrant persons.

Udaan set for IPO as NCLT clears demerger plan

Udaan set for IPO as NCLT clears demerger plan

Rediff.com15 Jan 2025

Udaan, India's largest business-to-business (B2B) e-commerce company, has received approval from the National Company Law Tribunal (NCLT) for its internal corporate restructuring plan, according to sources. By consolidating into a single entity, the restructuring will enhance Udaan's agility and pave the way for various financing options, including the ability to pursue an initial public offering (IPO) in India by 2026, according to people familiar with the matter.

Petition filed in NGT seeking safe disposal of carbide waste

Petition filed in NGT seeking safe disposal of carbide waste

Rediff.com5 Jan 2025

A petition has been filed in the National Green Tribunal's Bhopal bench, seeking an assurance from the Madhya Pradesh government that the Union Carbide waste disposal in Pithampur won't harm people in nearby areas. The petition, filed by a Jabalpur-based social organisation, has urged the NGT to direct the state's chief secretary to declare on oath about the safety of people in Pithampur in Dhar district where the waste has been transported for disposal. The petition also seeks direction to the MP government to publish a specific report regarding the disposal of this waste to allay public concerns.

Budget curtails carry-forward losses for mergers and acquisitions

Budget curtails carry-forward losses for mergers and acquisitions

Rediff.com4 Feb 2025

The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).

Djokovic slams tennis over Sinner doping secrecy

Djokovic slams tennis over Sinner doping secrecy

Rediff.com29 Dec 2024

Novak Djokovic expressed his frustration at being "kept in the dark" about world number one Jannik Sinner's doping case, saying in Brisbane on Sunday that it was not a good look for tennis.

Assam coal mine tragedy: Bodies of 3 more labourers recovered

Assam coal mine tragedy: Bodies of 3 more labourers recovered

Rediff.com11 Jan 2025

The body of another worker, who was trapped inside a coal mine in Assam's Dima Hasao district, was recovered on Saturday from the quarry during rescue operations, an official said.

Sinner hopes to let racket do the talking

Sinner hopes to let racket do the talking

Rediff.com8 Jan 2025

Sinner gives the impression of a player with all the answers against whoever he comes up against, but the off-court questions he is likely to face about the doping case that surfaced in August might be harder to shrug off.

Foreign secretary to visit Bangladesh for talks amid tensions

Foreign secretary to visit Bangladesh for talks amid tensions

Rediff.com4 Dec 2024

Indian Foreign Secretary Vikram Misri is scheduled to visit Bangladesh next week for a foreign secretary-level meeting, amidst ongoing tensions between the two countries. The visit comes after the interim government led by Muhammad Yunus took power in Bangladesh, following the ouster of Sheikh Hasina as prime minister. The meeting will focus on a range of bilateral issues, including the potential extradition of Hasina and visa-related matters. Tensions between the two nations escalated further with the arrest of Hindu monk Chinmoy Krishna Das in Bangladesh, leading to concerns from India regarding attacks on minorities in the country.

Bangladesh launches $5 billion graft probe against Hasina

Bangladesh launches $5 billion graft probe against Hasina

Rediff.com24 Dec 2024

An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.

What Is A Front-Running Scam?

What Is A Front-Running Scam?

Rediff.com4 Jan 2025

Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit.

Waqf panel okays govt's 14 clauses, junks Oppn changes

Waqf panel okays govt's 14 clauses, junks Oppn changes

Rediff.com27 Jan 2025

The parliamentary committee scrutinising the Waqf bill is set to propose that existing 'Waqf by user' properties will remain so if not in dispute or are government facilities but they must be registered before the new law takes effect, providing little relief to Waqf bodies in their unverified title claims.

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.

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.

Vijay Mallya slams ED, banks for taking more than 2x his debt

Vijay Mallya slams ED, banks for taking more than 2x his debt

Rediff.com19 Dec 2024

Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. His remarks came following a statement by Finance Minister Nirmala Sitharaman in Parliament about recovery of over Rs 14,130 crore from his attached assets.

SC orders liquidation of Jet Airways' assets

SC orders liquidation of Jet Airways' assets

Rediff.com7 Nov 2024

The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside the National Company Law Appellate Tribunal (NCLAT) decision upholding the resolution plan of Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC).

How Manmohan Singh safeguarded environment and tribal rights

How Manmohan Singh safeguarded environment and tribal rights

Rediff.com27 Dec 2024

Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Sunset for once-storied Jet Airways as turbulent insolvency flight ends

Rediff.com7 Nov 2024

More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.

'Unacceptable': Chinese envoy on security lapses in Pakistan

'Unacceptable': Chinese envoy on security lapses in Pakistan

Rediff.com30 Oct 2024

Chinese Ambassador to Pakistan Jiang Zaidong urged that the government should launch a crackdown against all anti-China terrorist groups after two deadly attacks took place in Pakistan within only six months, The Express Tribune reported.

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.

IL&FS group resolves debt of Rs 38,082 cr as of Sep-end

IL&FS group resolves debt of Rs 38,082 cr as of Sep-end

Rediff.com6 Nov 2024

IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. "As on September 30, 2024, the total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 38,082 crore," the status report said. This includes Rs 20,289 crore from monetisation of assets, Rs 8,140 crore from auto-debits, green entity principal servicing, NFB release and Rs 9,653 crore from interim distribution.

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.

Bangladesh formally writes to India seeking Hasina's return

Bangladesh formally writes to India seeking Hasina's return

Rediff.com23 Dec 2024

Bangladesh's interim government has requested India to extradite deposed Prime Minister Sheikh Hasina, who has been living in exile in India since August. The request comes after the Bangladesh-based International Crimes Tribunal issued arrest warrants for Hasina and several others for "crimes against humanity and genocide." The interim government has cited an existing extradition treaty between the two countries as grounds for the request. Hasina has accused the interim government of perpetrating "genocide" and failing to protect minorities since her ouster.

Pakistan rolls out red-carpet for Zakir Naik

Pakistan rolls out red-carpet for Zakir Naik

Rediff.com30 Sep 2024

Wanted for alleged money laundering charges, controversial Islamic preacher Zakir Naik has arrived in Pakistan on Monday morning at the invitation of the Government of Pakistan, amid tight security for his lecture series at Islamabad, Karachi and Lahore.