Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
Citing the SC order in Sahara case, Sebi has passed orders against at least five companies and 21 individuals charged with collecting thousands of crores fraudulently
The Supreme Court on Wednesday directed the Maharashtra State Election Commission (SEC) and all the state authorities to ensure that process for local bodies' election is "immediately commenced" in accordance with the recommendation made by the dedicated commission for reservation to Other Backward Classes (OBC).
The Board of Control for Cricket in India's former principal legal advisor Usha Nath Banerjee questioned the Committee of Administrators' decision to debar three affiliated units, including Tamil Nadu from attending the Board's AGM and termed it "utterly arbitrary and wrong"
The plea said that the release of the movie may affect free and fair election as mandated in the Constitution.
The Gujarat University on Thursday told the high court in Ahmedabad the Right to Information Act cannot be used for satisfying someone's "childish curiosity" as it defended its petition seeking quashing of an order under the transparency law to provide information on Prime Minister Narendra Modi's degree to Delhi CM Arvind Kejriwal.
As the Supreme Court on Wednesday put on hold the application of sedition law, Union Law Minister Kiren Rijiju invoked "Lakshman Rekha" guiding different institutions, including the Executive and the Judiciary, and said no one should cross their "boundary".
There is an acute imbalance of power between the various organs of the State, including the executive, the legislature, the judiciary, and the ultimate sovereign -- the people, argues R Jagannathan.
Pranab Mukherjee signed the ordinance to keep state boards out of the common entrance test for MBBS and dental courses for this year.
Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 -- the highest ever by any Indian firm -- after it provisioned for Supreme Court-mandated statutory dues. The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has "cast significant doubt on the company's ability to continue as a going concern".
This time, Delhi saw a sharp improvement in air quality just ahead of Diwali which can be attributed to intermittent rainfall on Friday and wind speed favourable for the dispersion of pollutants.
Amidst the blazing heat, women line up the streets offering 'mor' (buttermilk), water, local snacks while supporters wait for a glimpse of their 'mother' AIADMK chief at an election rally in Tirunelveli.
The political row had erupted after the National Democratic Alliance government inked the Rs 59,000-crore deal on September 23, 2016 to procure 36 Rafale jets from French aerospace major Dassault Aviation after a nearly seven-year exercise to procure 126 Medium Multi-Role Combat Aircraft for the Indian Air Force did not fructify during the Congress-led United Progressive Alliance regime.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
Days after the Supreme Court held as "illegal" the extension of ED Director Sanjay Kumar Mishra's tenure, the Centre on Wednesday moved the apex court seeking modification of its order to allow him to continue in office till October 15 in view of the ongoing FATF review.
'What happened to Andhra Pradesh? It is the perfect example of the transientness of Federal Units.' 'Federalism is a transient thing in this country.'
The Bombay high court on Friday heard prosecution and defence arguments on the applications of former ICICI Bank CEO and MD Chanda Kochhar and her businessman-husband Deepak Kochhar, challenging their arrest by the Central Bureau of Investigation (CBI) in an alleged loan fraud case, and reserved its verdict which will be delivered on Monday. The Kochhars, along with Videocon group founder Venugopal Dhoot, were arrested by the CBI late last month for their alleged roles in the case and the trio is currently in jail under judicial custody. The Kochhar couple has termed their arrest as "illegal" on the ground that no sanction was obtained prior to the CBI action as required under provisions of the Prevention of Corruption Act (PCA).
Jayalalithaa, recuperating at a corporate hospital in Chennai, said she could not attend the meeting as she was hospitalised.
Some of the areas still gripped in the hazardous category of air quality index.
The Delhi high court on Tuesday dismissed a PIL challenging the appointment of Gujarat-cadre IPS officer Rakesh Asthana as city police commissioner.
The Congress sought her intervention in helping bring normalcy in violence-hit Manipur, and called for the constitution of a high-level inquiry commission headed by a serving or retired Supreme Court judge to probe the incident.
The Centre has no objection to a proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while it was hearing pleas relating to the Adani stocks rout after the Hindenburg report.
'Pura phas gaya woh... barbad, satyanash ho gaya woh.' 'Usko ticket bhi diya, election bhi ladha woh; ganda video bhi bahar aa gaya; hamara izzat bhi nikal diya woh; abhi letter ke baare main pooch ke kya hota hai?'
'Our confidence has been strengthened by the fact that the Supreme Court has decided to examine the Constitutional validity of all that has been done on August 5.' 'That in itself is an achievement because the Supreme Court could have very well said you don't have a case at all.' 'The very fact that the honourable court has decided to admit it for regular hearing, and refer it to a Constitutional bench, tells us that the Supreme Court has found merit in our case.'
Former Pakistani president Pervez Musharraf's lawyers were not allowed to meet him on Monday at his residence, which has been declared a sub-jail, despite an order issued by the Supreme Court.
The petitioner had sought enforcement of existing laws on call drops.
The Supreme Court-appointed Justice Rajendra Mal Lodha panel asked the Board of Control for Cricket in India to accept its reforms before proceeding ahead with the process of awarding the Indian Premier League media rights from 2018 onwards.
The Chief Justice, while speaking at the farewell reference organised by the high court, said that judges are only interpreters and are not here to make the law or to evolve a policy and a balance has to be maintained between judicial activism and restraint.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
Mirach Capital rejected accusations of indulging in forgery.
The cost of Rs 52.71 crore included Rs 33.49 crore spent on the construction of the house and Rs 19.22 crore on a camp office for the chief minister, the report said, citing records of the Public Works Department (PWD).
The states have outstanding liabilities of a whopping Rs 59,89,360 crore as on March 31, 2021, and the new sources of risk have emerged in the form of rising expenditure on non-merit freebies, the Supreme Court was told on Thursday by a PIL petitioner opposing irrational handouts.
Unsatiated greed for wealth has facilitated corruption to develop like cancer and the constitutional courts owe a duty to the people of the country to show zero tolerance to corruption and come down heavily against the perpetrators of the crime, the Supreme Court has said.
Senior general refuses to retire, reveals Rana Banerji, who headed the Pakistan desk at the Research and Ananlysis Wing, India's external intelligence agency.
The high court said simply because the detenue has put his signatures in English on the documents does not by any stretch of imagination show that he understands English and as a consequence understood the grounds of detention and relied upon documents.
The probe team's chief at that time, R K Raghavan, in his new book, said it required "tremendous persuasion" to make Modi agree to a short recess. "This was possibly Modi's concession to the need for a respite for Malhotra rather than for himself. Such was the energy of the man."
Former BCCI secretary Sanjay Jagdale, current IPL Governing Council member Ajay Shirke and Prof R S Shetty, the Board's General Manager (Game Development), deposed before the Supreme Court-appointed Justice Lodha Committee.
Nominated members of the Municipal Corporation of Delhi (MCD) cannot vote in the mayoral election and the constitutional provision is "very clear" on that, the Supreme Court observed on Monday.
The Centre has clarified in the Supreme Court that the surrogacy law says a surrogate mother may not be genetically related to the child born through the process.
It also issued notices to the four people who had originally moved the high court against the execution of the MoU on various grounds including that the settlement breached Article 3 of the Constitution.
