1. Morning News Bulletin: Track latest stories

Morning News Bulletin: Track latest stories

The country’s top court appeared precariously divided on Friday, after four judges, the senior-most after the Chief Justice of India (CJI), took the unprecedented step of holding a press conference to air their differences with the CJI over the way the highest judicial body is administered.

By: | Published: January 13, 2018 10:29 AM

The Supreme Court’s Split Decision: 4 senior judges revolt against Chief Justice of India

The country’s top court appeared precariously divided on Friday, after four judges, the senior-most after the Chief Justice of India (CJI), took the unprecedented step of holding a press conference to air their differences with the CJI over the way the highest judicial body is administered. While these judges, led by justice Jasti Chelameswar, did not elaborate much on the issues involved, they shared a letter they had recently sent to the CJI with the media, where it is alleged that “cases having far-reaching consequences” were assigned by “the Chief Justices of this Court” to the benches “of their preference” without assigning any reason. Chelameswar, who had in the past expressed his contrarian views on many issues concerning the judiciary in the relevant fora, including on the SC-imposed collegium-system to appoint and promote judges, acknowledged that it was “an extraordinary event in the history of any nation, more particularly this nation”.

Multi-year contract: TCS wins $2-billion US insurer order

The country’s largest IT services exporter, Tata Consultancy Services (TCS) continued its momentum of bagging multi-billion dollar deals with a multi-year contract from Transamerica worth over $2 billion, the company announced on Friday. Just last month, TCS had entered into a $2.25-billion IT outsourcing contract with Nielsen, a global TV rating measurement company. TCS said it will digitise the life insurance and annuities business of Transamerica, which is a leading provider of life insurance, retirement and investment solutions in the US. This will amount to servicing 10 million insurance policies through a single platform. The agreement is expected to lead to annual run-rate savings of about $70 million initially, going up to $100 million over time, for Transamerica, with much of this expected to reflect in the company’s earnings.

Cyrus Mistry himself sought advice from Tata Trusts, Tata Sons counsel Abhishek Manu Singhvi tells NCLT

Senior counsel Abhishek Manu Singhvi, representing Tata Sons, told the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday that the allegations made by Cyrus Mistry and his family firms of interference from Tata Trusts in the running of Tata Sons cannot be termed interference as Mistry himself sought their advise a number of times. In his arguments, Singhvi said, “Advise as given by R2 and R14 who have given their sweat and blood to Tata Sons and Tata Group cannot amount to interference, more so when such an advise was actively sought by R11 on R11’s instructions”. R2 refers to Ratan Tata, R14 to NA Soonawala and R11 is Cyrus Mistry. Citing a few email exchanges between Mistry and Tata, Singhvi told the NCLT that Mistry as well as the operating companies looked up to Tata and Soonwala post their retirement, in their unique position as former employees of Tata Sons or its directors, or trustees of certain Tata Trusts for guidance from time to time, given their knowledge and experience. “This duality of status has been there for 100 years,” he said.

Sherin Mathews’ father indicted on capital murder charge

The father of Sherin Mathews, a 3-year-old Indian girl whose body was found near their suburban Dallas home less than a year after she was adopted from an Indian orphanage, was today indicted for capital murder by a grand jury.Sherin, reported missing on October 7, was found dead in a culvert about 1 km from her home on October 22 by a cadaver dog during a massive search for the missing toddler.

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