CBI opposes Sunil Mittal & Ravi Ruia’s plea in court

Posted On & filed under Corporate Law News.

Relying on the legal authority and the careful scrutiny of evidence by the trial court judge, the CBI has urged the Supreme Court not to interfere with the coercive orders against Sunil Bharti Mittal, CMD of Bharti Airtel, and Essar Group promoter Ravi Ruia, and dismiss their appeals. The duo have challenged the summoning orders… Read more »

Airhostess moves SC to get her contract renewed by Air India

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Salome Sinosit an air hostess has moved to Supreme Court of India for directions to the company to take her back because her contract was not renewed by an Air India subsidiary on the grounds that she has become overweight. Petitioner Salome Sinosit, 39, was an airhostess in Airline Allied Services Limited, a subsidiary of Air India…. Read more »

TELCO to pay Rs 2.5 lakh for selling defective car

Posted On & filed under Corporate Law News.

The  apex consumer commission directed the Tata Engineering and Locomotive Co Ltd (TELCO) to pay Rs 2.5 lakh to a customer as compensation for selling him a defective car. The order has been passed by the National Consumer Disputes Redressal Commission (NCDRC) while upholding the decision of the Delhi State Consumer Commission which had directed TELCO to pay the… Read more »

SC stays proceedings on Sahara group & Subrata Roy’s petition

Posted On & filed under Corporate Law News.

Proceedings on plea filed by the Sahara group and its chief Subrata Roy has been stayed by the Supreme Court here in New Delhi. The plea was filed against refunding Rs 24,000 crore to investors and attachment of their properties after the Sebi accused them of approaching different forums for delaying the process. A bench comprising by justices KS Radhakrishnan and JS Khehar… Read more »

SC stays proceedings on Sahara group & Subrata Roy’s petition

Posted On & filed under Corporate Law News.

Proceedings on plea filed by the Sahara group and its chief Subrata Roy has been stayed by the Supreme Court here in New Delhi. The plea was filed against refunding Rs 24,000 crore to investors and attachment of their properties after the Sebi accused them of approaching different forums for delaying the process.   A bench comprising by justices KS Radhakrishnan and JS… Read more »

Consumer is king: SC says and clears hurdles for FDI in retail

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NEW DELHI: The Supreme Court today cleared the hurdles for the implementation of FDI in multi-brand retail sector saying that the “consumer is king and if that is the philosophy working behind the policy then what is wrong”. The apex court said the policy aimed at “throwing out” the middleman, who are “curse to Indian economy” and “sucking” it,… Read more »

No contempt made out against us: Sahara to SC

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“No case of contempt is made out against them as they have complied with its directions on the issue of supplying documents to Sebi and has started refunding Rs 24,000 crore to its investors,” said by the  Sahara group and its promoter Subrata Roy  to Supreme court here in New Delhi. The Sahara group mentioned the matter before a… Read more »

SC exempts Mittal & Ruia from personal appearance

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Bharti Cellular Limited CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia has been exempted by the Supreme Court here in New Delhi on Friday from personally appearing in the trial court in connection with alleged irregularities in the 2G spectrum allocation in 2002. A Bench comprising Chief Justice Altamas Kabir, Justice S S Nijjar… Read more »