Legally Bharat

SEBI suspends trading of Bharat Global for misleading financials, ET LegalWorld

The Security Exchange Board of India (SEBI) has suspended trading in the scrip of Bharat Global Developers Ltd till further orders. The scrip saw a steep 105-times jump in its share price from ₹ 16.14 in November 2023 to ₹ 1702.95 in November 2024. The market regulator found the statements of Bharat Global to misrepresent […]

Global Flight secures interim stay on royalty demand from AAI, ET LegalWorld

Highlights Global Flight Handling Services has obtained an interim stay order from the High Court of Madras regarding the outstanding royalty payment of ₹ 2,41,74,288 due to the Airport Authority of India, Chennai. The High Court of Madras dismissed the Writ Petition challenging the demand for royalty dues, but the subsidiary company has secured a […]

N.Jayamurugan vs M/S.Saravana Global Holdings Ltd on 30 October, 2024

Madras High Court N.Jayamurugan vs M/S.Saravana Global Holdings Ltd on 30 October, 2024 Author: M.Sundar Bench: M.Sundar O.S.A.(CAD).No.142 of 2023 IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on 14.10.2024 Pronounced on 30.10.2024 CORAM THE HONOURABLE MR.JUSTICE M.SUNDAR and THE HONOURABLE MRS.JUSTICE K.GOVINDARAJAN THILAKAVADI O.S.A.(CAD).No.142 of 2023 N.Jayamurugan … Appellant Vs. M/s.Saravana Global Holdings […]

RBI board reviews global and domestic economic scenario, outlook, ET LegalWorld

The 610th meeting of the Central Board of Directors of the Reserve Bank of India was held on Wednesday in Mumbai under the Chairmanship of Governor Shaktikanta Das. As per a statement from the central bank, they reviewed the global and domestic economic scenario and outlook, including associated challenges. The Board also reviewed various areas […]