In a rare order, the Securities Appellate Tribunal on Thursday asked the Securities and Exchange Board of India to bear the costs amounting to Rs 100,000 in a case involving Goldman Sachs. A division bench of Justice N K Sodhi, Arun Bhargava and Utpal Bhattacharya imposed the penalty on the capital market regulator and set aside the adjudication order of September 8, 2006.
New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etcetera owe their existence to the recommendations of the first Narasimham Committee.
In August, the Supreme Court had said that the total amount should be deposited within 3 months with its Registry, pending the outcome of the appeal filed by the DLF against the May 19 order of Competition Appellate Tribunal's upholding the penalty imposed by CCI.
Differences on pricing of channels persisted between south India-based broadcaster Sun Group and DTH operator TataSky, which feels that rates quoted by Sun were fit for international channels but not regional.
Sebi ruled that Pendse has violated various provisions of the PFUTP Regulations and the Securities Contracts Regulation Act with his illegal transactions.
So far, most of those horrified by the dramatic evidence that surfaced last week of Telecom Minister A Raja's largesse on 2G spectrum costing the nation $10bn (that on 3G will probably cost another $5bn) have comforted themselves with one thought: maybe the Telecom Dispute Settlement and Appellate Tribunal, which is hearing the case, will conclude the policy changes were illegal and smacked of favouritism.
Securities Appellate Tribunal on Monday adjourned its hearing till January 21, on complaints against Anil Ambani group's $3-billion Reliance Power IPO, scheduled to hit the market on Tuesday. On January 4, SAT had refused to stay the Initial Public Offer, while saying that it would consider the issue on January 14.
Global giants Nokia, Sony and Ericsson were among 11 multinational corporations, whose Indian operations were found guilty of violating foreign exchange regulation by an Appellete Tribunal.
The Cellular Operators Association of India on Tuesday filed an appeal in the Supreme Court against the Telecom Dispute Settlement and Appellate Tribunal's majority judgement which had allowed limited mobility (WLL) services to basic operators.
Taxman will not breathe on you if you have taken a cash loan from a family member, provided you can explain the reasons for doing so, as per a recent tax tribunal ruling.
Telecom Disputes Settlement and Appellate Tribunal has clubbed the two cases filed by Bharat Sanchar Nigam Limited challenging Telecom Regulatory Authority of India's decision to reduce the levy collected from private operators.
The ED had filed an application before a special PMLA court seeking the 'fugitive' tag for Mallya under the Fugitive Economic Offenders' Act, 2018.
The taxman is rapidly catching up with foreign companies operating in India through agents. After Star, Morgan Stanley and Sony, it was the turn of UK-based Rolls Royce to be asked to pay taxes on a part of profits earned from Indian operations.
State-run BSNL on Saturday approached telecom tribunal TDSAT against sector regulator TRAI's decision to cut a levy paid by private operators to the public sector company for its rural operations.
The Supreme Court asked on Thursday market regulator Securities and Exchange Board of India and some stock brokers to file written submissions in a case relating to modification of penalty imposed on intermediaries.
Reliance Energy Ltd said on Friday the Appellate Tribunal for Electricity has quashed an order of Maharashtra Electricity Regulatory Commission that restricted the company from offering rebates to its retail consumers in the city.
The ban had been imposed by the Ministry of Information and Broadcasting after one of its radio jockeys allegedly made a derogatory remark against Indian Idol winner Prashant Tamanag.
The tribunal raised tax demand against several airlines, including Jet.
Shoaib Akhtar may have been cleared to play in the Indian Premier League but former players say the maverick pacer will find it tough to make an impact in the twenty20 league as months of absence from the cricket field has robbed him of match fitness.
Beleaguered speedster Shoaib Akhtar heaved a huge sigh of relief as the appellate tribunal of the Pakistan Cricket Board on Sunday decided to suspend the five-year ban on him for a month to allow him to play in the Indian Premier League (IPL).
"The execution of the death sentence will be a form of judicial assassination," the CPI(M) said, urging all sections of the people to protest the death sentence.
The NCLAT, in its December 18, 2019 order, had restrained the company, its board of directors and shareholders from exercising the power under the article against minority members except in exceptional circumstances and in the interest of company. A bench headed by Chief Justice S A Bobde dealt with this issue in its 282-page verdict which set aside the NCLAT's order that had restored Cyrus Mistry as the executive chairman of the USD 100 billion salt-to-software conglomerate.
The Supreme Court in its order said it was not open for SP group companies to call Ratan Tata a "shadow director" when the board of which Cyrus Mistry was chairman had nominated him as chairman emeritus of the USD 100 billion salt-to-software Tata group.
A recent ruling by Income Tax Appellate Tribunal (ITAT) in the case of Chandrakant Shah stated that if you borrow interest-free money from friends and colleagues neither you nor the lender will have to pay tax.
Tata Sky gets Zee bouquet, not to charge extra.
"Respondent (Zee-Turner) would supply all its 32 channels from all bouquets to the petitioner (Tata Sky) within 48 hours," said TDSAT chairman Justice Arun Kumar, admitting the prayer of Tata Sky, an 80:20 Tata-Star venture, in this regard.\n\n
After remaining closed for more than two months, the Telecom Disputes Settlement and Appellate Tribunal is set to resume functioning with new chairman from next week.
From banks and credit card firms to mobile operators, everyone is using the power of SMS to reach out to potential customers and now, even Telecom Disputes Settlement And Appellate Tribunal has jumped the SMS bandwagon.
The Securities Appellate Tribunal on Friday set aside market regulator -- Securities and Exchange Board of India -- order banning Samir Arora, former fund manager with Alliance Capital Management, clearing him of insider trading charges.
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
As many as 15 multi-national firms like Nokia, Sony, Samsung and Ericsson have been found guilty of violating foreign exchange regulations and a penalty of over Rs 42 crore (Rs 420 million) has been imposed on them.
The Appellate Tribunal for Electricity has set aside an order of Maharashtra Electricity Regulatory Commission against Reliance Energy Ltd on a dispute related to billing complaints by its customers in Mumbai.
Bharti Group chairman Sunil Mittal on Tuesday said the unified licensing regime proposed by the Telecom Regulatory Authority of India could not be pursued in its present form, as it was in contradiction of the TDSAT judgement.
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