In its reply to the Securities Appellate Tribunal (SAT), the Securities and Exchange Board of India (Sebi) said urgent action was warranted against the promoters of Zee Entertainment Enterprises Limited (ZEEL) in the alleged fund diversion case to safeguard the management and protect investors and other stakeholders. It termed the applications made by Essel Group Chairman Subhash Chandra and ZEEL managing director (MD) and Chief Executive Officer (CEO) Punit Goenka as "completely false and misleading" in its response submitted to SAT on June 17. "We have a situation before us where the chairman emeritus and the MD and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons.
"This follows disgraceful attacks on the Indian cultural centre, temples and Hindu homes in several places, even as reports came in of Muslim civilians protecting other minority homes and places of worship," Tharoor said in a post on X.
The top court also took note of the fact that the complaint in the case was filed in August, eight years after the alleged incident took place in 2016.
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition. Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours. As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company.
The Bombay High Court has granted bail to researcher Rona Wilson and activist Sudhir Dhawale, arrested in the Elgar Parishad-Maoist links case. The court noted that they had been in jail since 2018 and the trial was yet to start. The court said the two had spent more than six years in jail as under-trial prisoners. The NIA, the prosecution agency, did not seek a stay to the HC order. Eight other activists have been granted bail in the case, which pertains to provocative speeches allegedly delivered at the Elgar Parishad conclave held in Pune on December 31, 2017.
The bench gave liberty to Sharad Pawar to move the poll panel for allocation of the party symbol and directed the poll panel to allot it in one week of the application.
President Mohammed Shahabuddin said he did not have any documentary evidence of Hasina resigning as prime minister before she fled the country on August 5 amidst student-led mass protests.
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.
Prolonged incarceration without trial amounts to infringement of the right to life under the Constitution, the Bombay high court said while urging a special court to expedite the trial in the 2018 Elgar Parishad-Maoist links case.
A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar also indicated that it may not take up the pending scheduled petitions, heard earlier by a three-judge bench, during the day as it was sitting in a combination of two judges.
In a setback to the Internet Service Providers, telecom tribunal TDSAT on Friday refused to grant any interim stay on the government order asking the ISPs to stop offering corporate network services unless they have the licence to offer the service.
The Delhi high court on Friday sought the stand of news portal NewsClick and its editor-in-chief on a plea by the Enforcement Directorate (ED) seeking vacation of an earlier order granting them protection from coercive action in a money laundering case.
Go First CEO Kaushik Khona on Wednesday described the NCLT's decision to admit the airline's plea for voluntary insolvency resolution proceedings as a "landmark judgement" that is very timely and effective for its revival. The National Company Law Tribunal (NCLT) has appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. Besides, the tribunal has imposed a moratorium on the company and has suspended its board of directors.
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
Justice Sanjeev Narula said it would be in the interest of both -- the two Shiv Sena factions and the general public -- that the Election Commission's proceedings on the use of Shiv Sena's bow and arrow election symbol and name are concluded soon. It asked the poll panel to decide the issue as expeditiously as possible.
He also appealed to the Muslim side for a peaceful solution for all these three temples.
Top Telugu actor Allu Arjun on Tuesday appeared before the Chikkadpally police in Hyderabad for questioning in connection with the death of a woman in a stampede during the screening of Pushpa-2 on December 4.
The SC invoked its special power under Article 142 of the Constitution to grant relief to Khan.
A lawyer was killed on Tuesday during clashes between the security personnel and followers of a Hindu community leader, who was denied bail and sent to jail by a court in the port city of Chattogram in Bangladesh, police said.
A bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha and Justice JB Pardiwala took note of the submissions of lawyer Vishnu Shankar Jain that the district judge of Varanasi has deferred five times the decision on a plea seeking clubbing of all civil suits pertaining to the dispute.
Congress supporters celebrate the Supreme Court's interim order to stay Rahul Gandhi's conviction in a 2019 criminal defamation case.
The court issued the interim direction on a bunch of seven petitions challenging the provisions of Madhya Pradesh Freedom of Religion Act, 2021.
A Supreme Court vacation bench of Justice Surya Kant and Justice MM Sundresh noted that the petition was still pending in the high court and asked the ED to approach that court.
The Supreme Court refused to give any interim relief to Zee-Turner on Wednesday.
West Bengal chief minister, who had a talk with government lawyer Kalyan Banerjee on the apex court order, said the Supreme Court had not stopped the land survey and process of distribution of land in Singur.
The Supreme Court on Thursday refused to interfere with an interim order of the Bombay high court by which the decision of Maharashtra government to provide 16 per cent reservation to Marathas in jobs and educational institutions was stayed.
The high court, which refused to prepone the date of hearing of the petition, said an endeavour shall be made to hear and dispose of the petition on April 10.
Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers' purse.
'There is no question that Putin's preference will be to avoid unpleasantness with Trump, leave alone a collision course,' observes Ambassador M K Bhadrakumar.
Her lawyers told the court that it was impossible to get informed written consent of the husband and if the matter was delayed any further, the worst may happen.
The decision was taken at a meeting chaired by Chief Minister Basavaraj Bommai, which was attended by Home Minister Araga Jnanendra, Primary and Secondary Education Minister B C Nagesh, Higher Education Minister C N Ashwath Narayan, and senior officials of the government.
The Supreme Court on Monday sought response of former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar on a plea of the CBI challenging the interim bail granted to them by the Bombay high court in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi issued notice on the plea of the CBI and sought the response of the couple in three weeks.
A spot-kick from Noah Sadaoui (44th minute) was enough for Kerala Blasters FC to secure a win.
The Supreme Court on Monday agreed to hear a plea on a dispute involving the Gyanvapi mosque in Varanasi on November 10.
Yunus in his 26-minute speech did not give any deadline for the tenure of his interim government but acknowledged that "everyone is interested to know when our government will leave".
Justice Jay Sengupta directed that the probe will be monitored by it and the SIT will file a progress report of the investigation on February 12, the next date of hearing in the case.
India has lodged a strong protest with Pakistan over recent objectionable remarks made against Bhagat Singh, the government said in Lok Sabha. The Minister of State for External Affairs, Kirti Vardhan Singh, stated that India has been raising concerns about attacks on cultural heritage, growing intolerance, and lack of respect for minority communities in Pakistan. Singh also highlighted the strong ties between India and Bangladesh, emphasizing that their relationship is independent of Bangladesh's relations with other countries. The government closely monitors developments impacting India's national interests and takes necessary measures to protect them. Singh also provided information about the deportation of Indian nationals from the US, citing data from the US government.
The Supreme Court on Monday said it will hear on January 18 a plea of US tech giant Google against an order of the National Company Law Appellate Tribunal (NCLAT) refusing an interim stay on the competition regulator imposing a Rs 1,337 crore penalty on it. The NCLAT, on January 4, had refused an interim stay on an order of the competition regulator and had asked Google to deposit 10 per cent of the amount. The NCLAT admitted the search giant's challenge to the CCI slapping a Rs 1,337.76 crore fine for abusing the dominant position of its Android smartphone operating system in the country.
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
He also said that there is improvement in the law and order situation in the country.
