Delhi HC seeks response from Govt. on crypto regulations amidst Bitbns investor complaints, ET LegalWorld
Highlights The Delhi High Court has issued a notice to the Ministry of Finance, Reserve Bank of India, and Securities and Exchange Board of India, seeking their response regarding the regulation of cryptocurrencies in India following a Writ Petition from victims of the BitBNS exchange. Investors have reported significant losses due to the BitBNS exchange’s […]
SC says fake advocates a serious issue, seeks status of verification in 8 weeks, ET LegalWorld
With a sizeable percentage of 1.5 million advocates in India feared to be fake, the Supreme Court Thursday expressed serious concerns over the delay in weeding out imposters who dupe gullible litigants and asked Bar Council of India (BCI) to file a status report on the verification drive it had undertaken over nine years ago. […]
Sebi floats consultation paper on sachetisation of mutual funds; seeks public comment, ET LegalWorld
To increase the reach and facilitate participation from low-income groups in mutual funds, regulator Sebi on Wednesday floated a consultation paper on ‘sachetisation’ of mutual funds. In its consultation paper, Sebi has proposed a sachetized mutual fund product –small ticket systematic investment plan (SIP) of Rs 250. Further, small ticket SIPs can be offered in […]
DDA admits to committing contempt in SC, seeks to plant 70k trees, ET LegalWorld
Delhi Development Authority (DDA) on Tuesday admitted before the Supreme Court that it had committed contempt by allowing felling of over 600 trees in the Ridge area in south Delhi to broaden a road leading to a hospital and promised to plant 70,000 trees over 185 acres in the city to get the proceedings against […]
SC widens ambit, seeks DDA, MCD response on vehicular pollution in NCR, ET LegalWorld
Widening the ambit of its hearing, the Supreme Court on Monday sought responses from various authorities including MCD and DDA over the rise in vehicular pollution in the national capital region. A bench comprising Justices Abhay S Oka and Ujjal Bhuyan said it would deliberate the norms granting permission to construct apartments and said no […]
Aakash Institute seeks NCLT nod to amend Articles of Association amid shareholder feud, ET LegalWorld
Aakash Institute, a subsidiary of Think & Learn, the parent company of Byju’s, on Tuesday, requested the National Company Law Tribunal (NCLT) bench to set aside a previous order that had prevented the coaching centre operator from amending its Articles of Association (AoA), citing the need to raise funds. The matter pertains to the institute […]
Competition Comm seeks more info from complainant on allegations against quick commerce cos, ET LegalWorld
The Competition Commission, which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter. The complaint was submitted by the All India Consumer Products Distributors Federation (AICPDF) to the the commerce and industry ministry. Competition Commission […]
DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties, ET LegalWorld
The communications ministry has sought clarity from the telecom regulator on which licence clauses can be invoked to encash telcos’ bank guarantees (BGs) to recover fines related to spam, or unsolicited communications. A few months ago, in an unprecedented move, the Telecom Regulatory Authority of India (Trai) urged the government to encash telecom operators’ BGs […]
Delhi HC seeks Patanjali stand on Dabur’s plea over disparaging ad, ET LegalWorld
The Delhi High Court has sought Patanjali Ayurved’s stand on a lawsuit by Dabur over advertisements allegedly disparaging its product Chyawanprash. On December 24, Justice Mini Pushkarna issued summons on the lawsuit to the defendants — Patanjali Ayurved and Patanjali Foods Ltd — for a reply in the matter. “Accordingly, let the plaint be registered […]
Plea in SC seeks protection of all wetlands under 2017 conservation and management rules, ET LegalWorld
A plea has been filed before the Supreme Court seeking direction that all wetlands of size less than 2.25 hectares be notified and protected under the provisions of the Wetlands (Conservation and Management) Rules, 2017. The application for direction has been filed in the pending matter relating to the conservation of wetlands and other water […]