The Delhi High Court has asked low-cost airline SpiceJet’s Managing Director Ajay Singh to appear before it in January in proceedings relating to a dispute over interest dues on arbitral award of over Rs 570 crore passed in favour of media baron Kalanithi Maran. “Ajay Singh, the Managing Director, shall […]
Legal News
Chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch has launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE). Risk Mitigation in financial markets is an evergreen subject and constant efforts are made by regulators to address risks of various kinds. […]
The Supreme Court Tuesday cautioned Patanjali Ayurved, a company co-founded by yoga guru Ramdev and dealing in herbal products, against making “false” and “misleading” claims in advertisements about its medicines as cure of several diseases. “All such false and misleading advertisements of Patanjali Ayurved have to stop immediately. The court […]
A parliamentary panel has held that the Hindi names given to the three proposed criminal laws is not unconstitutional, dismissing criticism against the move by some political parties and their leaders. The Parliamentary Standing Committee on Home Affairs headed by BJP MP Brijlal has taken note of the wording of […]
The Supreme Court is slated to hear on Monday (November 20) the issue of delay by the Centre in notifying about the appointment or transfer of judges after recommendations were forwarded by the Collegium. As per the causelist published on the website of the apex court, a bench of Justices […]
A Delhi court on Saturday sought a response from the Enforcement Directorate (ED) on the bail aplication of Hari Om Rai, Managing Director (MD) of Lava International mobile company, in connection with a money laundering case related to Chinese smartphone-maker Vivo. Last week, the court had extended the judicial custody […]
Sebi has directed Jakraya Sugar Ltd and its directors to refund the money collected from investors without complying with the regulatory norms. In addition, these entities have been restrained from buying, selling, or otherwise dealing in the securities market “till the expiry of a period of three years from the […]
The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident. According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them. Banks should keep a tight vigil, […]
Sebi has ordered the attachment of bank and demat accounts of Karvy Group’s three former officials to recover Rs 1.80 crore for the misappropriation of client’s funds by Karvy Stock Broking Ltd (KSBL). The recovery proceedings against KSBL’s former VP (finance and accounts) Krishna Hari G; KSBL’s former compliance officer […]
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company. This is to inform you that the Administrator of Reliance Capital Limited is in receipt of “No objection” […]