A bankruptcy appeals court has scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered imposed a steep Rs 62,000 crore haircut upon banks. The National Company Law Appellate Tribunal (NCLAT) asked creditors to initiate the fresh sale of Videocon, a consumer durables company manufacturing products ranging from air-conditioners to washing machines, for recovery of their unpaid Rs 64,637.6 crore. While a majority of lenders had previously accepted Twin Star Technologies' Rs 2,962.02 crore offer, Bank of Maharashtra (BoM) and IFCI Ltd dissented, saying the amount offered was close to the liquidation value of the bankrupt firm and that they cannot be paid less than the liquidation value.
Pakistan Prime Minister Imran Khan on Thursday began his engagements in Moscow by laying a wreath at the Tomb of the Unknown Soldier, and is scheduled to meet Vladimir Putin, hours after the Russian president ordered a special military operation in eastern Ukraine, ignoring last-minute appeals and warnings from the West.
This is the first time in the institute's 62-year history that a new academic year will start with no students on campus. Other IITs are likely to follow suit with similar announcements for the autumn semester that runs from July till December.
The high court also faulted the authorities concerned for not taking steps for issuance of death warrant after the rejection of appeals of the accused by the Supreme Court in 2017.
Bhupinder's magical legacy lives on in the musical masterpieces he left behind.
Reliance-Google's new smartphone has got mixed reviews from analysts and brokerages. The phone pricing is seen unattractive for low-end customers and bundled offers are being viewed as non-disruptive. While this could slow the pace of adoption, it could set the stage for tariff hikes in the industry, feel analysts.
Dog-meat tweeting judge in Sun doping case had doubtful impartiality
"It can stay awake till midnight to hear the Yakub Memon case and it can extend the hearing of the Ram Janmabhoomi title case for three months, while crores of Indians wait for it."
IMAGES from the IPL 2022 game between Rajasthan Royals and Sunrisers Hyderabad, in Pune, on Tuesday
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
Heavy rains that lashed the national capital on Wednesday morning led to waterlogging and traffic snarls in many parts of the city, including the Minto Road railway underpass, while several low-lying areas were submerged.
'The EC's role in this is questionable. What is the reason for this delay? Are they waiting for instructions?'
A local court in Jodhpur deferred the judgement in the Arms Act case against Bollywood actor Salman Khan related to the 1998 black buck poaching incident, saying four pending applications from the prosecution have come to light on which it will decide on March 3.
The meeting is being held simultaneously with the interaction between the agitating farmer leaders and the government at Vigyan Bhawan, sources said.
Student activists Natasha Narwal, Devangana Kalita and Asif Iqbal Tanha walked out of Tihar prison on Thursday, hours after a court here ordered their immediate release in the north-east Delhi riots 'conspiracy' case.
The Supreme Court on Wednesday granted bail to A G Perarivalan, serving life sentence in the Rajiv Gandhi assassination case.
In an interview with PTI, Chidambaram also stressed that no Congress MLA elected in the upcoming assembly polls can be poached by the Bharatiya Janata Party in Goa this time, saying 'our house is well-guarded' and though the 'thief' is still out there, the people 'will teach him a lesson'.
Asha Devi said that justice was delayed, but not denied, and added that they would continue their fight for justice for India's daughters.
'During the making of the film, he (Rishi Kapoor) kept fighting with Ayan and me.' 'Who takes so long to make a film? Who spends so much money?' 'Ranbir, you are not making a penny on this film. Who will watch a VFX film in the country?'
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
'Once you are in their system, they finish you with the never-ending processes.' 'Once your family member is arrested, you are just running between lawyers, courts and the jail.' 'The process to prove that you are innocent drains you to such an extent that you are finished.'
The verdict makes it clear the amendment to the Hindu Succession Act, 1956 granting equal rights to daughters to inherit ancestral property would have retrospective effect.
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
Individuals and entities, whose accounts are not required to be audited, were mandated to file I-T returns by July 31.
The proposed rules, aimed at replacing RTI rules of 2012, have been placed by the department of personnel and training on its website for comments from public.
The CBI had moved the trial court seeking permission for further probe in the matter saying it had come across fresh material and evidence.
Jadhav, the 50-year-old retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of espionage and terrorism in April 2017.
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
There is nothing to suggest that the DMK stands to gain from the AIADMK split nor is there anything indicative of an extraordinary advantage for the BJP, independently or in the company of the AIADMK, explains N Sathiya Moorthy.
The film will releases both in theatres and digitally, reveals Subhash K Jha.
Prime Minister Narendra Modi on Monday appealed to protesting farmers to end their agitation against the new farm laws even as he questioned opposition parties for their sudden 'U-turn' on the agriculture sector reforms.
Chief Minister Charanjit Singh Channi had convened an emergency meeting of newly reconstituted Council of Ministers in view of the 'Bharat Bandh' call given by the Samyukt Kisan Morcha (SKM) to protest against the three agri laws, an official statement said after the cabinet meeting.
APCC president Ripun Bora said following discussions with various parties, it has been decided that the Congress will join hands with the All India United Democratic Front (AIUDF), the Communist Party of India, the Communist Party of India-Marxist, Communist Party of India-Marxist Leninist and the Anchalik Gana Morcha.
The convicts, who did not seek any further action after the Supreme Court dismissed their appeals challenging their death penalty and review pleas of three of them in May 2017 and July 2018, vigorously started pursuing the legal remedies left to them from January 7 onwards as a trial court had fixed January 20 for their hanging.
The Supreme Court on Friday refused to entertain the appeal of Sushant Singh Rajput's sister challenging the Bombay high court order which refused to quash a first information report lodged against her on the complaint of actress Rhea Chakraborty, the late actor's girlfriend.
Some hospitals in the national capital appealed to authorities on Tuesday to replenish their oxygen stocks, saying their patients' lives were at stake owing to erratic supplies.
The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.
Justice Ruth Bader Ginsburg, who handles emergency applications from the 2nd Circuit, on Wednesday denied Gupta's request to stay out of prison.
