Cairn has already taken steps to have the arbitration award recognised in nine major jurisdictions such as the US, UK, France, the Netherlands, Singapore and Canada's Quebec province, where Indian sovereign assets have been identified. It hasn't said what it might go after but assets could include Air India's planes, vessels belonging to the Shipping Corporation of India and property owned by state banks.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
The judgment in the matter is to be pronounced by November 17, the day the CJI will retire.
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
The court then asked Prasaran if question of this nature about birth of a religious figure has ever arisen in any court.
They also termed as 'unwarranted' and 'unfortunate', the submission of Muslim parties that the archaeological report be trashed.
Bolton said that the arguments for China joining the World Trade Organisation was that it would become a more market-oriented rules-based society.
The apex court, which took notice of the attack and ordered the local authorities to appear before the court on January 5, also directed the board to submit in court details of all functional and non-functional temples and gurdwaras across Pakistan, Dawn newspaper reported.
GST is a landmark reform considering the sweeping changes it brings about in the indirect tax regime in India.
Chief Metropolitan Magistrate Gurmohina Kaur gave five days to the investigating agencies to inspect the premises before it is handed over to Saad's family. The court was hearing an application filed by Saad's mother Khalida seeking unlocking of the premises where they resided.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
While five pleas have been filed by Maulana Mufti Hasbullah, Moulana Mahfoozur Rehman, Mishbahuddin, Mohd Umar and Haji Nahboob, who are all supported by the All India Muslim Personal Law Board, the sixth one has been filed by Mohammad Ayub.
A will is important not only to divide the assets but to close the succession loop.
Here are ways to ensure your children and other legal heirs don't tear at each other when you're gone
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
In the recently released Bhaag Milkha Bhaag, based on renowned athlete Milkha Singh's life, the disturbing assassination of his family during Partition is an insurmountable cause of his anxiety.
Representatives of Apple appeared in a Shanghai court on Tuesday to respond to the case filed by Shanghai Zhizhen Network Technology Co, the developer of a voice technology called Xiao i Robot.
Atletico should have plenty of money available after talismanic striker Antoine Griezmann said last month he is to leave the club.
"Most of the members of first Lok sabha and Rajya Sabha were all lawyers and members from the legal fraternity. Unfortunately, we know what is happening now in the Parliament with respect to debates on laws," CJI Ramana said in his address to the bar members.
UK-based Cairn Energy PLC on Wednesday said it has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK as it has accepted the Indian government's offer to settle tax dispute relating to the levy of taxes retrospectively. Meeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government now has to accept this and issue Cairn a so-called Form-II, that will commit it to refund the tax collected to enforce the retrospective tax demand.
Both men were carrying loaded handguns, and police found an AR-type rifle in the Hummer.
UK's Cairn Energy Plc has offered to forego $500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred because of being taxed retrospectively, sources said. The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan. In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation.
The litigant, in review plea filed through lawyer Ejaz Maqbool, has also sought an interim stay on operation of the verdict in which it had directed the Centre that a trust be formed within three months for construction of the temple at the site.
Rajbir Singh, a controversial Delhi Police 'encounter' specialist with over 50 kills to his credit, was shot dead on Monday night in neighbouring Gurgaon allegedly by a property dealer over a dispute on "investments" he had made with the realtor. The 48-year-old assistant commissioner, whose career had its share of both glory and controversy, was gunned down at the office of the real estate agent Vijay Bhardwaj after an altercation over payment of money in a property deal.
Oncologist Dr Sthabir Dasgupta talks about the impact of Novartis's losing patent case on the Indian pharma industry.
A 'botched up' autopsy on Sunday led to the deferment of cremation of liquor baron Ponty Chadha with police insisting on a second postmortem and taking the body to All India Insititute of Medical Sciences after doctors informed them that they have not removed three bullets from his body.
Kerala police on Sunday arrested four Central Industrial Security Force personnel in connection with destruction of property during the June 10 clash at Karipur airport.
Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties
A day after over seven persons brazenly opened fire in an Intensive Care Unit of a private hospital here, one of the injured persons today succumbed to his injuries while his father was battling for life, even as the police on Wednesday claimed to have arrested the key accused.
Controversial liquor and real estate baron Ponty Chadha and his brother Harvinder have died in a shootout at their Chattarpur farmhouse in New Delhi. Police says the two brothers opened fire at each other as they disputed over property.
Testimony presented before the Bhima Korgaon Commission over the last two months reveals the background to the violence that broke out on January 1, 2018.
Hasnain had butchered 14 of his family members and then ended life after a weekend feast on Sunday.
The statement says the new phase in ties between the nations beginning today will enhance cooperation in 10 sectors including the economy and defence
Iqbal Ansari, one of the main plaintiffs who fought for the right of the community over the disputed land, says Muslims in Ayodhya won't be satisfied if the Sunni Waqf Board accepts the five acres in Dhannipur.
As and when the pandemic recedes from these shores, rebuilding the economy will be the biggest challenge for Modi in the remaining three years of his term, observes Virendra Kapoor.
Finance Minister Nirmala Sitharaman on Thursday reiterated that an international arbitration ruling on India's sovereign right to taxation sets the wrong precedent, but said the government is looking at how best it can sort out the issue arising out of New Delhi being ordered to return $1.2 billion plus interest and cost to UK's Cairn Energy Plc. The government, which participated in an international arbitration brought by the Scottish firm against being taxed retrospectively, has appealed against The Hague based tribunal's ruling asking the government to return the value of shares expropriated and liquidated, tax refunds withheld and dividend seized to recover a wrongly levied retroactive tax demand.
Sanjiv Bhatt and seven others, including some former policemen attached with the Banaskantha Police, were initially detained for questioning in the case.
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
