Says Satyam is not a commodity. B K Modi of Spice had earlier pushed for e-auction, for its transparency.
Subrata Roy was arrested in March 2014 after the company failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal.
The bench referred to the rising vacancies of judges in the high courts and the increasing number of pending cases.
Indian Banks' Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario.
The South African government and large pharmaceutical companies are in combat mode regarding the proposed national policy on intellectual property that hopes to improve access to medicines for the poorer sections of the population.
Should the Income-Tax Act have been simultaneously amended to exclude Sikhs and Jains from the definition of HUF once they were declared a minority by the government? Sanjeev Nayyar discusses the curious dichotomies in our laws.
SC wanted to know how it encashed securities deposited with RBI.
The vacation bench, comprising Justices A K Goel and U U Lalit, said: "Under what jurisdiction can we extend his detention? In the absence of any law we can't take away the right of a person. If the reformation programme takes 7 or 10 years, can we keep him under detention? Where is the legislative sanction?"
Unhappy with the Sports Authority of India's flip-flop over the dope testing episode involving weightlifter Monika Devi, Sports Minister M S Gill on Wednesday appointed former Chief Election Commissioner T S Krishnamurthy to inquire into all aspects of the matter. Krishnamurthy has been asked to submit his report within a week, sources in the Sports Ministry said.
The Supreme Court on Thursday asked the suspended chief of the Board of Control for Cricket in India, Narayanaswami Srinivasan, "who really owns" Indian Premier League franchise Chennai Super Kings. It also expressed his displeasure over India captain Mahendra Singh Dhoni holding important position in Srinivasan's India Cements, saying the "dual role is a matter of concern."
The Supreme Court on Tuesday said Narayanaswami Srinivasan's son-in-law Gurunath Meiyappan's role in the Indian Premier League betting and spot-fixing scandal seems like "insider trading" and agreed to hear a plea to make public the names of cricketers who were mentioned in the Justice Mudgal Committee report.
'We have conducted elections in even the most difficult times when the militancy was very high. It is not that elections cannot be conducted but we have to take reasonable precautions in conducting the elections,' says former CEC T S Krishnamurthy
Reminding the Narendra Modi government that cleaning of Ganga was on its poll manifesto, the Supreme Court on Wednesday asked why urgent steps are not being taken on it and set a two-week timeline for it to come up with a road map for making the 2500 km long river pollution free.
The loan was offered to Maytas by a consortium of banks to fund one of its infrastructure projects that has an execution period of few years. However, BOI has not given any direct credit to Maytas, a BOI official said. Maytas Infra came under the scanner of regulators and other agencies probing Satyam fiasco after Hyderabad-based IT giant plunged into a crisis on account of gross manipulations committed by its former chairman B Ramalinga Raju.
A bench headed by Chief Justice T S Thakur said that the Centre's decision to prohibit personnel of a particular community from sporting beard does not infringe upon the fundamental rights.
Indian cricket captain Mahendra Singh Dhoni said that he does not expect the speculation around his name to stop anytime soon despite nothing concrete coming up against him.
The high court dismissed the petition of Congress MLAs challenging their disqualification and the Supreme Court refusing to give any relief to them.
Recent liquidity easing measures from the central bank and the improving scenario might lower the lending and deposit rates in the next one month, a top banker said. As part of its efforts to ensure stability and sufficient liquidity in the financial system, Reserve Bank is likely to continue its ongoing policy measures but is unlikely to slash the repo rate in the forthcoming policy, Narayanasami said.
Lawyer T S Doabia told the court the government's approval was necessary for the rate at which RIL sells the gas to other private parties. The division bench of Justices J N Patel and K K Tated pointed out that, according to RNRL, the government stated in Parliament it would not be fixing the gas price, except for its own share. When told this was not contrary to what Doabia was saying, the court asked him to file an affidavit, clarifying the government's position.
The Supreme Court on Monday ordered replacement of "old and worn out" tarpaulin sheet, ropes and other material with new ones.
The main issue in the case is terms of Gas Supply Master Agreement whereby Mukesh Ambani-led RIL is to supply natural gas from its Krishna Godavari reserves to Anil Ambani's RNRL. Both parties have filed appeals before division bench, not satisfied with single judge's verdict last year.
The apex court asked the government to get back by March 9 about the policy.
The board said that practices provided by Muslim Personal Law on the issues of marriage, divorce and maintenance were based on holy scripture Al-Quran and "courts cannot supplant its own interpretations over the text of scriptures".
A petition has been filed in the Madras High Court against commissioning of the Kudankulam Nulcear Power Plant on the ground that authorities had not complied with all the directions issued by the Supreme Court while giving the green signal to the controversial project.
India believes rich nations should be away from farm subsidies.
The Supreme Court on Wednesday rejected plea of the Mumbai Cricket Association and the Maharashtra Cricket Association against the Bombay high court's order to shift the Indian Premier League matches out of drought-hit Maharashtra.
The one-man inquiry committee to probe the Monika Devi controversy on Friday ruled out any malafide intentions by the authorities to bar the Manipuri lifter from the Beijing Olympics on dope charges but came down heavily on the officials for the delay in communicating the test results to her. T S Krishnamurthy, who submitted the probe report to the Sports Ministry, did not find any violation of procedure in the whole testing process.
Rohan Bopanna of IOCL defeated teammate Sunil Kumar Sipaya in straight sets to win the men's singles title of the PSPB Inter-unit tennis tournament in Chennai on Friday.
December and January can bring a blizzard of pink slips.
Sacked Board of Control for Cricket in India secretary Ajay Shirke on Monday said he is 'absolutely fine' with the Supreme Court order asking him to leave office but hopes that the BCCI does not lose its international standing owing to the administrative upheaval.
With a term ending in January 2017, he has to move fast to tackle the tough tasks cut out for him, says M J Antony.
NTPC, India's largest thermal power operator, said it will stay away from the ongoing Reliance Industries and Reliance Natural Resources case in the Bombay high court over the supply of KG Basin gas.
HCL's founder and chairman Shiv Nadar is making a second foray into university education having sought 300 acres of land in Noida, near New Delhi, to set up a Rs 300-crore (Rs 3 billion) multi-disciplinary university.
'A President who is a living embodiment of high principles can tone up the entire national fabric,' says B S Raghavan, the distinguished civil servant.
The fate of Indian Premier League teams -- Chennai Super Kings and Rajasthan Royals -- will be known on Tuesday when the Supreme Court-appointed high-level Committee headed by former Chief Justice of India R M Lodha will pronounce the quantum of punishment against their franchisees and their team officials Gurunath Meiyappan and Raj Kundra for betting during the sixth edition of the T20 tournament in 2013.
The Supreme Court on Wednesday held real estate barons Sushil and Gopal Ansal guilty in the 1997 Uphaar cinema tragedy that claimed the lives of 59 people saying they were more interested about making money than ensuring safety of the cinegoers.
The court sought the Centre's response within four weeks and posted the matter for further hearing on July 10 on the petition filed by Pan-IIM Alumni Association. The association contended that the government had misinterpreted the Supreme Court judgment, which while upholding the OBC reservation policy, had said that it would not be applicable to the higher educational institutions.
The NDA govt told SC that it would withdraw the appeal filed by the erstwhile UPA govt challenging the Allahabad HC verdict holding the AMU as non-minority institution.
The year 2014 alone witnessed 2.37 lakh road accidents on national and state highways across the country which had left at least 85,462 people dead and 2.59 lakh injured.
Defence sources in Kohima, on Thursday, said the delegation of Myanmar Army held a meeting with their Indian counterpart, headed by Maj Gen T S Handa, GOC, 57 Mountain Division, and discussed various issues, including cross-border insurgency, arms smuggling and border management. The delegation also called on Lt Gen M S Dadwal, GOC, 3 Corps.
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