Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government to the seven-year old dispute over levy of back taxes, the company - which is now known as Capricorn Energy PLC - has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected. Two sources with direct knowledge of the matter said Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.
The government on Friday extended he deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment would be tax exempt.
A five-judge Constitution bench headed by Chief Justice of India D Y Chandrachud was faced with several consequential legal questions, such as adoption, succession, intestacy and laws governing pension and gratuity where a once legally-acknowledged spouse is the beneficiary, if it decides to legalise same-sex marriage.
Janata Dal-United president Rajiv Ranjan Singh alias Lalan on Saturday alleged that political strategist-turned-politician Prashant Kishor was 'working for' the Bharatiya Janata Party, as part of its 'conspiracies' to find a firm foothold in Bihar.
If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
Sanjay Mishra is the saving grace of Subhash Ghai's forgettable comedy-thriller, 36 Farmhouse, observes Namrata Thakker.
In a fresh plea on Tuesday, the Centre said it had acquired 67 acres of land including the 2.77 acre disputed Ram Janambhoomi-Babri Masjid site and sought permission of the top court to return the excess land to its original owners.
The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
In January last year, the US signed the first phase of the trade deal with China, which former President Donald Trump described as historic, concluding more than a year of tough negotiations including several months of suspension of talks between the two largest economies of the world.
The submission was vehemently opposed by senior advocate C S Vaidyanathan, representing deity 'Ram Lalla', who said: "This is totally unwarranted".
The latest incident took place on Saturday night near a hostel where she resides.
Shivling claim is an attempt to create communal disharmony, The All-India Muslim Personal Law Board said.
'The decision by this Hon'ble Court, whichever way it goes, will impact future generations.'
The plea, filed by advocates Shishir Chaturvedi and Karunesh Kumar Shukla, said that apart from private individuals and members of state Sunni Board, the presence of central and state government representatives was essential to ensure proper management of the funds.
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.
China has been an aggressor against India along the Himalayan border, a top American diplomat nominated by President Joe Biden as his next envoy to Beijing has told lawmakers, stating that the US must hold the Chinese government accountable for failing to play by the rules.
His appeal came when certain organisations of the neighbouring Barak Valley region of Assam observed a 12-hour bandh on Wednesday and have been staging an economic blockade on the National Highway-306 that connects Mizoram with the rest of the country since July 26, disrupting transportation of goods to the state.
A five-judge Constitution Bench headed by Chief Justice Ranjan Gogoi said that even if one per cent chance of mediation exists in the politically sensitive land dispute matter, it should be done.
Called Signature Villa, the property was gifted to him by Nakheel Public Joint Stock Company. The dispute was over whether this was a gift or payment for services Khan had rendered to the company.
District Judge AK Vishvesha turned down the Hindu petitioners' plea seeking scientific investigation and carbon dating of the 'shivling', citing Supreme Court directives for its safe keeping so that no tampering can be done.
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.
Despite Sharad Pawar's categorical stand, the Maharashtra government has done nothing to ease the suffering of the Bhima Koregaon 16, who have been denied their basic rights to health and to communication with their families while in jail.
Resisting the Supreme Court's attempt to revisit the 2016 demonetisation exercise, the government said on Friday the court cannot decide a matter when no tangible relief can be granted by way of "putting the clock back" and "unscrambling a scrambled egg".
"A police team left for UP to trace the culprits, as it suspects that they must have fled to that state," a senior police official said on Monday.
In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.
Ranaut's lawyer Rizwan Siddiqui claimed that the BMC had damaged the property, leading to water and electricity connections getting disrupted.
The senior advocate had on Tuesday told the court that the birth place of Lord Ram is also a deity and Muslims cannot claim right over the 2.77-acre disputed land in Ayodhya as any division of the property would amount to "destruction" and "mutilation" of the deity itself.
'All the benefits of democracy will flow to Kashmir now. This has not happened in the last 70 years.'
Delhi Police ask for 45 documents for opening a restaurant, only 19 for a gun: Survey
Atique Ahmed is one of the most feared dons of Uttar Pradesh today. There was another don who preceded Atique and had he survived, Atique wouldn't have been around today, recalls Sudhir Bisht.
The bench questioned as to how the belief of Hindu worshippers can be challenged with regard to existence of 'janmasthan' and said the "sanctity of belief" that Lord Ram took birth there and whether it was genuine or "frivolous" can only be tested under Hinduism.
India abstained in the United Nations General Assembly on a draft resolution calling for Russia to be held accountable for violations of international law by its invasion of Ukraine and requiring Moscow to pay reparations to Kyiv for damages, loss and injury resulting from the war.
A State Bank of India (SBI)-led consortium that gave loans to fugitive businessman Vijay Mallya on Friday received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the ED said. Mallya is accused in a multiple banks loan default case of about Rs 9,000 crore. The disputes resolution tribunal (DRT) had sold these shares on June 23 after the Enforcement Directorate had transferred shares worth about Rs 6,624 crore of UBL to the SBI-led consortium on the directions of a special PMLA court that is hearing the case involving Mallya in Mumbai. These shares were attached under the Prevention of Money Laundering Act (PMLA) by the ED, a central probe agency.
The US move came after the Justice Department said that hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
These mistakes can turn out very expensive and not just in terms of your finances, but also in the time it will take to resort to the conflict at hand. Having a legal hand can save you from any unforeseen troubles, alerts Harshit Malik, entrepreneur, wisdom coach and enrichment guide.
'Akahara' apprised a 5-judge Constitution bench, headed by Chief Justice Ranjan Gogoi, of its stand following a direction whether it opposes the plea of the deity in view of the fact that its right as 'shebait' (devotee) over the property can only stand if the lawsuit of 'Ram Lalla Virajman' is allowed.
"Suppose the suit of Ram Lalla goes then you have no independent claim... You can't survive if the deity does not survive."
