Corporate Law News Amrapali Case: List of Aggrieved Homebuyers Submitted to SC August 30, 2019 by Legal India Admin | Leave a Comment 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 » amrpali case Supreme Court
Corporate Law News Court, Judiciary & Legal System High Court: Hire Law Officers on Contract in City’s 16 jails August 30, 2019 by Legal India Admin | Leave a Comment 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 » Delhi High Court law officers
Corporate Law News HC expounds: MD and CEO of Company is Competent Authority for initiation of Disciplinary Action against any officer for ‘minor penalties’ (Read Judgement) August 30, 2019 by Legal India Admin | Leave a Comment 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 » Disciplinary action High Court
Corporate Law News National Consumer Disputes Redressal Commission Asks LIC to Pay Claim, Interest to Policy Holder’s Widow, Trashes Plea of Hiding Ailments August 29, 2019 by Legal India Admin | Leave a Comment 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 » LIC NCDRC
Corporate Law News Cop Files Plea in High Court for Eight-Hour Work Shift August 29, 2019 by Legal India Admin | Leave a Comment 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 » 8 hour shift Haryana High Court plea
Corporate Law News Chopper scam: Ratul Puri already in custody, can’t surrender, enforcement department tells court August 28, 2019 by Legal India Admin | Leave a Comment 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 » chopper scam ED OFFICIALS surrender rahul puri
Corporate Law News Cost of ₹1 lakh imposed on company for abusing the process of law August 28, 2019 by Legal India Admin | Leave a Comment 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 » abusing laws company laws fine
Corporate Law News Court reserves order on businessman Sana Satish Babu’s bail plea August 17, 2019 by Legal India Admin | Leave a Comment 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 » businessman Sana Satish Court reserves order Sana Satish Babu's bail plea
Corporate Law News Supreme Court Agrees to Hear Homebuyers’ plea Against Jaypee Liquidation July 5, 2019 by Legal India Admin | Leave a Comment As the insolvency resolution process for debt-ridden real estate giant Jaypee Infratech Ltd comes to a dead end & the company is staring at liquidation for not completing the process within the statutory time period of 270 days, the Supreme Court on Tuesday agreed to hear plea of homebuyers seeking its intervention to protect their […] Read more » Agrees to Hear Homebuyers’ Jaypee Liquidation plea Against Supreme Court
Corporate Law News Madras High Court directs Cognizant, shareholders to approach Dispute Resolution Panel over 2017 Tax Dispute June 29, 2019 by Legal India Admin | Leave a Comment The Madras High Court on Tuesday dismissed writ petitions filed by Cognizant Technology Solutions India Private Limited (Cognizant) and two of its foreign shareholders – Cognizant (Mauritius) Limited and New Jersey-based Cognizant Technology Solutions Corporation – over tax disputes relating to the buy-back of shares. Justice K Kalyanasundaram dismissed the petitions on grounds of maintainability, […] Read more » approch dispute resolution cognizant shareholders Madras High Court
Corporate Law News SAT Stays SEBI Order Barring Prannoy Roy & Radhika Roy From Holding Directorial Or Managerial Positions In NDTV June 19, 2019 by Legal India Admin | Leave a Comment In a temporary relief to Prannoy Roy and Radhika Roy, the Securities Appellate Tribunal has stayed the June 14 order issued by Securities and Exchange Board of India restraining them from holding manegerial or directorial posts in New Delhi Television Ltd (NDTV). Admitting the appeal filed by Roys and RPPR Ltd, the promoters of NDTV, […] Read more » DIRECTIONAL MANAGERIAL POSITIONS SEBI
Corporate Law News Supreme Court Order : Bail Cannot Be Made Conditional Upon Heavy Deposits Beyond The Financial Capacity Of Applicant June 13, 2019 by Legal India Admin | Leave a Comment Holding that bail cannot be made conditional upon heavy deposit beyond the financial capacity of the applicant, the Supreme Court has modified an order passed by the Madras High Court. The applicant was one M D Dhanapal, who was the Chief Priest of a temple in Thiruchirappalli district in Tamil Nadu, where seven pilgrims had […] Read more » Bail Cannot Be Made Beyond The Financial Capacity Conditional Upon Heavy Deposits Of Applicant Supreme Court order
