The Supreme Court on Thursday gave a final opportunity to fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, to appear before it personally or through his lawyer in a contempt case where he has been found guilty. The top court said it has given multiple opportunities to Mallya to appear either personally or through a lawyer and had even given specific directions in its last order dated November 30, 2021. A bench of justices U U Lalit, S Ravindra Bhat and P S Narasimha posted the contempt case for further hearing after two weeks, saying that respondent contemnor (Mallya) is at liberty to act as per direction given in order dated November 30 last year, failing which the matter shall be taken to its "logical conclusion".
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.
Ten years after Kingfisher Airlines was grounded, its former employees continue to wait for their dues. On Monday, the Supreme Court awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case. The apex court also ordered him to deposit $40 million plus interest in four weeks to avoid attachment of his properties.
VIL pegs dues at Rs 21,533 cr, less than half of DoT estimate. During a meeting with Vodafone Group CEO Nick Read, Telecom Minister Ravi Shankar Prasad made it clear that the government is against a monopoly in the telecom sector, and wants Vodafone Idea to survive and remain invested in India.
A number of social media users suggested it was an assassination attempt "ordered" by Hillary Clinton, while others thought US President Barack Obama was involved.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
'As the film was suppose to release on December 1, there are over 50 countries where this process (of certification) is on.'
Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.
Some Twitter users were serious in their demand for the return of the Kohinoor diamond, while others had a humorous take on the issue.
Mallya has an automatic right to appeal in the UK High Court against the Chief Magistrate's order but is yet to confirm if he plans to do that.
The Centre on Monday told the Supreme Court that it is taking all measures to extradite fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines from United Kingdom, but the process is being delayed due o some legal issues involved in the matter. A bench of Justices U U Lalit and Ashok Bhushan posted the matter for further hearing on March 15, after Solicitor General Tushar Mehta sought some time to file report on the status of extradition of Mallya. At the outset, Mehta shared a letter of the ministry of external affairs' official Devesh Uttam written to him on the status of extradition of Mallya from the United Kingdom.
Income Tax officials surveyed the British broadcaster's offices in Mumbai and Delhi.
The government had disallowed as much as $1.005 billion of its investment as KG-D6 output lagged targets.
The government should convert Vodafone Idea's (Vi) debt into equity to avoid a duopoly in the telecom sector, Deutsche Bank Research said in its report on Monday. This, the bank suggested, would be the only viable solution in the backdrop of the Supreme Court dismissing the telecom company's application for recomputation of adjusted gross revenue (AGR) dues.
A special court had ordered him to join the CBI investigation within 16 hours of his arrival from the United Kingdom and Europe, where he had gone with the permission of the Supreme Court and the special court itself.
The liquidator said the properties are being sold under two distinct phases over a period of two days
Russian tennis star Maria Sharapova has decided not to officially change her name to 'Sugarpova' for the US Open despite giving the move a serious consideration, according to the tennis star's agent.
Nagender Chindam, founder and chairman of Pravasi Bharat, a UK-based right group that has been campaigning for the right to an absentee ballot, on his journey and experiences as a NRI professional turned voting rights campaigner. Exclusive to Rediff.com
China's stand is that relevant parties should find a solution internally.
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
British MPs voted in favour of the European Union (Notification of Withdrawal) Bill after two days of debate by a majority of 384-498 votes in favour to 114 against.
Stock broker Ketan Parekh, alleged mastermind of the securities scam of the 1990s, has moved the Supreme Court seeking permission to travel abroad for the treatment of his daughter.
Trinamool Congress leader Mahua Moitra was expelled on Friday from the Lok Sabha after the House adopted the report of its Ethics Committee that held her guilty of accepting gifts and illegal gratification from a businessman to further his interest.
Mahindra Satyam had filed a lawsuit in a New York court against Upaid, seeking to make it solely responsible for any tax liability arising from an out-of-court settlement reached by them.
Maintaining that no tax liability arises from its $11 billion buyout deal with Hutchison in 2007, UK-based telecom major Vodafone today said it would continue to "vigorously" pursue the case in the Indian court.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
'We want to make sustainability affordable.' 'We tell everyone, don't just recycle, Craste it!'
Earlier, two different benches of the apex court had refused to hear the cross-appeals saying that one or the other judges had been linked to the adjudication of the issue before.
A bench headed by Justice S H Kapadia asked the company to challenge the ruling before an appropriate high court. The apex court also stayed both the AAR order and the assessment till the company moves a high court. On May 9, the AAR said that income of Foster's Australia Ltd from the transfer of its right, title and interest in trademarks and Foster's brand intellectual property is taxable in India.
A Bench headed by Justice C K Thakker also sought a response from the agency on a plea seeking the presence of Quattrocchi before the trial court in Delhi.
The panel, which has been set up by the Supreme Court to investigate the scandal that has shaken Pakistan's politics, has permitted the Pakistan-American businessman to depose from the UK after his lawyer said his client was prepared to record his statement at the Pakistani mission in London.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
A three-judge bench headed by Chief Justice S H Kapadia asked the company to file its representation before the IT department.
The 63-year-old former Kingfisher Airlines boss, an avid cricket fan, is wanted in India on fraud and money laundering charges amounting to an alleged Rs 9,000 crores.
Former India wicketkeeper Farokh Engineer slammed the current selection committee led by MSK Prasad, labelling them as a 'Mickey Mouse selection committee'.
The controversial issue of marital rape was again raked up on Monday before the Delhi HC.
Three cases -- Avenfield properties case, Flagship Investment case and Al-Azizia steel mills case -- were launched by the National Accountability Bureau on September 8, 2017 following a judgment by the apex court that disqualified Sharif.
The Centre has issued directions for blocking multiple YouTube videos and Twitter posts sharing links to the BBC documentary 'India: The Modi Question', sources said.
