Retd I-Tax official sentenced to two year jail for bribe

Posted On & filed under Corporate Law News.

A retired income tax department official has been sentenced to two years in jail by a Delhi court for accepting bribe from a man, who was seeking early refund of excess tax paid by him. Special CBI Judge MR Sethi held Pitampura resident Mohan Das Gupta, who was a clerk in the Income Tax Department… Read more »

SC green signal to Vishnugad Hydroelectric project

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Tehri Hydro Development Corporation has got green signal by the Supreme Court of India to go ahead with its hydroelectric project over river Alaknanda in Uttarakhand while dismissing a plea against it. A bench headed by Justice H L Dattu expressed concern that petitions are being filed in courts to delay such projects despite the fact… Read more »

High Court restrains HPCL from operating oil depot in village

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The Delhi High court has restrained the Hindustan Petroleum Corporation (HPCL) from operating its oil depot, built near a village, till the safety measures are complied with by the company. Hindustan Petroleum Corporation has been asked by the bench of Chief Justice D Murugesan and Justice V K Jain to inform it about the steps taken by… Read more »

Interest of small traders should not be affected by FDI

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The Supreme Court told that interest of small retail traders should not be affected due to foreign direct investment (FDI) in retail sector and sought response from the Centre on how it intends to safeguard their interests. A bench headed by Justice R M Lodha asked the Centre to file its response within three weeks. “What checks… Read more »

Owaisi sent in judicial custody till Jan 22

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MIM legislator Akbaruddin Owaisi had been sent back in judicial custody, one day before the completion of his five-day police custody. Akbaruddin Owaisi was arrested for his alleged hate speech. A local court at Nirmal town in Adilabad District had earlier granted five-day custodial interrogation of Majlis-e-Ittehadul Muslimeen (MIM) MLA Owaisi from January 12 to 16… Read more »

Court directs police to investigate complaint against Jindal

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Delhi Police has been asked by a court here in Delhi to investigate the defamation complaint filed against Congress Member of Parliament Naveen Jindal and 16 others by Zee News Editor Sudhir Chaudhary who had alleged that “false allegations” were levelled against him to tarnish his image. Metropolitan Magistrate Jay Thareja directed the Station House… Read more »

Zee Group Chairman allowed to go abroad

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Zee Group Chairman Subhash Chandra, who is facing probe in a case of alleged bid of extortion of Rs 100 crore from Congress MP Naveen Jindal’s firm by two editors of the news channel, has been allowed by a Delhi court to stay abroad till January 26. Additional Chief Metropolitan Magistrate Mukesh Sharma, who had… Read more »

Charges in spect case in NDA regime for cognisance

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A local court will take up for cognisance the charge sheet in the allocation of additional spectrum during the NDA regime with CBI saying the then government’s decision had “brightened” the outcome of the IPO of one Bharti Airtel’s group companies. The charge sheet has named three telecom firms — Bharti Cellular Ltd, Hutchison Max Pvt Ltd (now… Read more »

SC rejects Sahara plea on refund of Rs 24K crore

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The petitions of two Sahara companies has been rejected by the Supreme Court for review of its August 31 judgment directing them to refund Rs 24,000 crore they had collected between 2008 and 2011 from over 2.96 crore investors flouting mandatory regulatory provisions and the Companies Act. The three-month deadline given by the bench of… Read more »