Enforcement Directorate attaches immovable, movable assets worth Rs 3.14 crore under PMLA Act

Posted On & filed under Corporate Law News.

On Friday, Enforcement Directorate (ED) attached immovable & movable assets of accused Amit Kohli, Diwakar Gupta & others, worth Rs 3.14 crore under Prevention of Money Laundering Act, 2002 (PMLA) in a case related to the illegal export of prescription drugs & psychotropic substances. According to the probe agency, the attached asset includes immovable & movable property… Read more »

Amrapali Case: List of Aggrieved Homebuyers Submitted to SC

Posted On & filed under Corporate Law News.

A list of 6,000 aggrieved homebuyers of 6 different Amrapali projects was on Friday submitted to the SC on its direction by their counsel M L Lahoty. On Aug 26, a bench headed by Justice Arun Mishra asked Lahoty to furnish project-wise details of the people, who are presently residing in various apartments of the… Read more »

High Court: Hire Law Officers on Contract in City’s 16 jails

Posted On & filed under Corporate Law News, Court, Judiciary & Legal System.

Delhi HC has advised the state govt to appoint law officers on a contractual basis in the 16 jails of the capital for their better administration & smooth functioning. A bench of Chief Justice (CJ) DN Patel & Justice C Hari Shankar on Thursday made the remarks while hearing a public interest litigation (PIL) seeking appointment of one law officer in each of… Read more »

HC expounds: MD and CEO of Company is Competent Authority for initiation of Disciplinary Action against any officer for ‘minor penalties’ (Read Judgement)

Posted On & filed under Corporate Law News.

Section 178 of the Companies Act, 2013 has no role to play with respect to the initiation of the disciplinary proceedings.”   The Delhi High Court was dealing with a Writ Petition filed by a Senior employee of Public limited company, claiming to be victimized by higher officials for raising voice against corrupt practices. The… Read more »

National Consumer Disputes Redressal Commission Asks LIC to Pay Claim, Interest to Policy Holder’s Widow, Trashes Plea of Hiding Ailments

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Rejecting Life Insurance Corporation (LIC)’s claim that a policy-holder lied about his health condition at the time of purchasing insurance, the national consumer forum has directed the firm to pay Rs 1.5 lakh along with bonus & interest to his widow. The National Consumer Disputes Redressal Commission (NCDRC) asked Life Insurance Corporation (LIC) to pay… Read more »

Cop Files Plea in High Court for Eight-Hour Work Shift

Posted On & filed under Corporate Law News.

A UT head constable has filed a public-interest petition in the Punjab & Haryana HC to ask for a maximum 8-hour work shift for all the cops in Chandigarh, Punjab, as well as Haryana. Making a case for a new duty chart based on the 2014 advice of the Bureau of Police Research & Development (BPRD), the… Read more »

Chopper scam: Ratul Puri already in custody, can’t surrender, enforcement department tells court

Posted On & filed under Corporate Law News.

The ED Wednesday told a Delhi court that Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, was not in a position to surrender as offered by him in the AgustaWestland chopper scam since he is already in its custody in another case. The Enforcement Directorate made the submission before special judge Arvind Kumar… Read more »

Cost of ₹1 lakh imposed on company for abusing the process of law

Posted On & filed under Corporate Law News.

On Tuesday, the Karnataka High Court dismissed with costs of ₹1 lakh a petition filed by the Mumbai-based Council for Harm Reduced Alternatives, a charitable company, for “abusing the process of law” in “espousing the cause of manufacturers of e-cigarettes” in the nature of a public interest litigation by challenging State Govt’s June 2016 circular… Read more »

Court reserves order on businessman Sana Satish Babu’s bail plea

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A Delhi court will pronounce on August 17 its order on a bail plea of Hyderabad-based businessman Sana Satish Babu, who is arrested in connection with a money-laundering case involving meat exporter Moin Qureshi. Special Judge Anuradha Shukla Bharadwaj reserved the order after hearing arguments in the matter. Babu is currently in judicial custody. The… Read more »