SC orders ED to handover Bhushan Power & Steel properties worth Rs 4,025 crore to JSW Steel, ET LegalWorld
The Supreme Court on Friday directed the Enforcement Directorate (ED) to handover to JSW Steel the debt-ridden Bhushan Power & Steel’s properties worth Rs 4,025 crore that were provisionally attached in 2019 in connection with a money laundering probe linked to an alleged bank loan fraud by the erstwhile management. The ED has now taken […]
Lucknow court summons Rahul Gandhi over remarks against Savarkar, ET LegalWorld
A local court here on Friday summoned Congress leader Rahul Gandhi on January 10, 2025, to face trial for allegedly promoting enmity and disturbing harmony among people by making mischievous statements about freedom fighter Vinayak Damodar Savarkar. Additional Chief Judicial Magistrate (ACJM) Alok Verma passed the order on a criminal complaint filed by local lawyer […]
Sebi introduces flexibility in pro-rata rights for AIF investors, ET LegalWorld
To enhance flexibility, markets regulator Sebi on Friday introduced exemptions to the requirement of maintaining pro-rata rights in investments and distribution of proceeds under the alternative investment funds (AIF) rules. Under this, pro-rata rights will not apply to cases where investors are excused or excluded from specific investments; fail to meet their contribution obligations, or […]
NGT cracks down on resort construction in Nahargarh, ET LegalWorld
National Green Tribunal (NGT)’s central zonal bench in Bhopal on Thursday issued notices to the state and Union govts, and also to private entities, over allegations of illegal construction within the Eco-Sensitive Zone (ESZ) of Nahargarh Wildlife Sanctuary. The case was filed by Hemraj Meena, who alleged that a resort was being built unlawfully by […]
Sebi provides relaxation to issuers looking to list unlisted ISIN, ET LegalWorld
Markets regulator Sebi on Friday provided relaxation to issuers aiming to list their unlisted International Securities Identification Numbers (ISINs) outstanding as of December 31, 2023 to encourage bringing these into the listed space. Under the new framework, such ISINs, when converted to listed ones, will be excluded from the maximum ISIN limit that can mature […]
Sebi mulls facilitating participation of retail investors in algo trading, ET LegalWorld
Capital markets regulator Sebi on Friday proposed facilitating the participation of retail investors in algorithmic trading (algo trading), which provides advantages of faster order execution and improved liquidity. The proposal, if implemented, is expected to fill in the void for retail investors who want to trade using algos with adequate safeguards. In an effort to […]
Bombay High Court allows criminal proceedings against Coca-Cola after spider webs found in bottles, ET LegalWorld
The Bombay High Court has declined to quash proceedings against Hindustan Coca-Cola Beverages Private Limited, which faces allegations of selling adulterated beverages. The company had sought to dismiss the case initiated by a magistrate’s court in Maharashtra’s Jalna district after the Food and Drug Administration (FDA) found a fibrous substance and cobwebs inside bottles of […]
NCLT order frees assets of 60 parties in Gitanjali Gems case after SFIO drops charges, ET LegalWorld
After six years of investigation against fugitive diamantaire Mehul Choksi-promoted firm Gitanjali Gems, the Serious Fraud Investigation Office (SFIO) has decided to drop charges against almost five dozen parties, including individuals and companies. The list of 60 individuals and parties includes Nirav Modi’s wife Ami, his children Rohin, Ananya and Apasha and brother Nehal Modi […]
Competition Comm directs Table Tennis Federation of India to cease, desist from unfair practices, ET LegalWorld
Fair trade watchdog CCI has directed the Table Tennis Federation of India (TFFI) and its affiliate bodies to cease and desist from indulging in anti-competitive practices. With the federation taking corrective measures to address concerns of unfair practices, the regulator decided not to impose any monetary penalties on the body and its affiliates, a release […]
Purushottam Lal Paliwal vs Shrimati Suchi Sharma, … on 10 December, 2024
Rajasthan High Court – Jodhpur Purushottam Lal Paliwal vs Shrimati Suchi Sharma, … on 10 December, 2024 Author: Dinesh Mehta Bench: Dinesh Mehta [2024:RJ-JD:50484] HIGH COURT OF JUDICATURE FOR RAJASTHAN JODHPUR S.B. Writ Contempt No. 1027/2018 in S.B. Civil Writ Petition No.16013/2017 Dungav Ram S/o Shri Kesar Dev, Aged About 66 Years, R/o Village Ladhsar, […]