Indu Bhan

Relief for Hyundai: Supreme Court stays Rs 420-crore fine

A Bench led by Justice AM Khanwilkar stayed the CCI’s order after senior counsel P Chidambaram sought a stay on the grounds that the apex court had in other appeals also granted interim relief against the impugned direction

Industry News

RPPL moves Supreme Court against NCLAT order on Binani

In its 44-page order, the appellate tribunal noted that the RPPL's resolution plan discriminated between some of the financial creditors who are equally situated and not balanced the other stakeholder, such as operational cre

Industry News

Adani gets SC nod to supply natural gas to three areas in Ahmedabad

The Supreme Court on Monday allowed Adani Gas to supply natural gas to commercial and industrial units in the areas of Sanand, Bavla and Dholka of Ahmedabad district of Gujarat till further orders.

Economy News

Channel rates: Supreme Court dismisses Star India plea against TRAI order

The Supreme Court on Tuesday upheld the Madras High Court’s May 23 order which said that the Telecom Regulatory Authority of India (Trai) is within its powers in fixing tariffs at which broadcasters offer channels to DTH an

India News

Supreme Court seeks response from Vedanta on Renaissance Steel’s appeal

Vedanta has offered to pay Rs 5,320 crore upfront to the lenders of the bankrupt steelmaker.

Industry News

Russia’s VTB seeks apex court approval to bid for Essar Steel

Crinium Bay Holdings, a member of Russia’s VTB group, has moved the Supreme Court seeking permission to bid independently or jointly with “a suitable partner” for embattled Essar Steel (ESIL).

Industry News

Examine steps taken for implementing MCLR regime: SC to RBI

The Supreme Court on Monday asked RBI to examine within six weeks the steps being taken for proper implementation of the marginal cost of funds based lending rate (MCLR) regime and whether repo rate benefits are being passed

Economy News

SC partially stays NGT order against ECE Industries

The Supreme Court on Monday stayed a part of the National Green Tribunal's order that had asked the Uttar Pradesh Pollution Control Board to initiate criminal prosecution against the owners of elevator manufacturer ECE Indust

Industry News

SC upholds government stand on jurisdiction in Hardy case

The Supreme Court on Tuesday upheld the oil ministry’s stand that Indian courts have jurisdiction to hear its appeal against a Kuala Lumpur arbitration tribunal that asked it to pay a Rs 600-crore ($113 million excluding in

jardy case, sc, supreme court News

Top court lifts ban on sale of Saridon, two other popular drugs

In a major relief to pharma majors GlaxoSmithKline and Piramal Healthcare, the Supreme Court on Monday lifted the ban on manufacture and sale of Saridon, Piriton Expectorant and Dart.

Industry News

Supreme Court hearing: Numetal challenges Arcelor’s 3-day time frame

Even as the Supreme Court hears ArcelorMittal’s appeal against the National Company Law Appellate Tribunal (NCLAT) order relating to its eligibility to bid for bankrupt Essar Steel, rival Numetal also on Wednesday moved the

Industry News

Ambuja Cement moves SC against Rs 6,300-cr CCI fine

CCI had slapped Rs 6,700 cr penalty on 11 cement firms as well as the Cement Manufacturers Association for indulging in cartelisation

Industry News

NCLAT order: Arcelor moves Supreme Court

ArcelorMittal on Monday moved the Supreme Court against the NCLAT order that asked it to first clear dues of Rs 7,000 crore of firms it was previously associated with by September 11 to be eligible to bid for bankrupt Essar S

Industry News

NCLT needs Supreme Court nod before finalising bids for Ruchi Soya

The Supreme Court on Monday allowed the National Company Law Tribunal to continue processing bids for Ruchi Soya Industries, which is undergoing insolvency proceedings, but restrained it from finalising the bid without its ap

Industry News

SC restrains government from taking a call on 15 banned FDC drugs

The apex court in December referred the issue of 329 FDC drugs to the DTAB for a fresh review before recommending any action.

sc, supreme court News

Delhi HC asks ex-Ranbaxy promoter Malvinder Singh to deposit 3.5 million Singapore dollars

Delhi High Court asked former Ranbaxy promoter Malvinder Singh to deposit the sale proceeds of around S$3.5 million of his shareholding in Singapore-listed Religare Health Trust within four weeks.

ranbaxy, delhi hc, delhi high court News

Supreme court admits BEL plea seeking setting aside of part of Tata Steel resolution plan

The NCLT had also rejected BEL objections that the rights under a contract were valuable property rights and no person could be deprived of its property save by authority of law under Article 300A of the Constitution.

Industry News

SC no to vehicle insurance cover deadline extension

Buyers of new cars and two-wheelers will have to purchase upfront insurance cover for three and five years, respectively, from Sunday, with the Supreme Court on Friday dismissing a plea by the General Insurance Council.

Insurance News

SC seeks steel ministry’s response on iron ore pellets export

The Supreme Court on Thursday sought response from the steel ministry on an application by the Federation of Indian Mineral Industries, Southern Region (FIMI South), seeking to export iron ore pellets produced in Karnataka’

Industry News

SC upholds HC decision on ‘Form C’ availability after GST

The HC said the CST Act does not restrict the usage of Form C only for the purpose of resale, but can be used for resale, manufacture, processing or generation/distribution of electricity.

Economy News

Lenders can sell assets of personal guarantors under IBC: Apex court

The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate debtor under the Insolvency and Bankruptcy Code.

Markets News

No Supreme Court stay on NCLAT’s Bhushan Power order

In a setback for Tata Steel, the Supreme Court on Friday refused to stay the National Company Law Appellate Tribunal (NCLAT) order that allowed the three bidders — Tata Steel, JSW Steel and Liberty House — in the fray for

Industry News

SC stays NCLAT order allowing asset freeze of 4 independent directors

In a case that will redefine the role of independent directors in the corporate sector, the Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s July order that paved way for the government to freeze

Industry News

Stressed power assets: SC refuses to stay HC proceedings

The Supreme Court on Tuesday refused to stay the Allahabad High Court proceedings related to the RBI circular that mandates insolvency proceedings for a debt servicing default beyond 180 days.

Banking & Finance News

Rs 25,000-crore asset sale: Supreme Court paves way for RCom-RJio deal

RCom will now be able to reinstate bank guarantees encashed by DoT earlier this year.

Industry News

Bhushan Power: Tata Steel moves Supreme Court on revised bid order

Tata Steel on Friday knocked the doors of the Supreme Court seeking a stay on the August 1 order of the National Company Law Appellate Tribunal (NCLAT) that allowed the three bidders — Tata Steel, JSW Steel and Liberty Hous

Industry News

Ericsson urges SC not to quash RCom insolvency case till its dues are paid

Opposing Reliance Communications’ (RCom) plea for quashing of the insolvency proceedings initiated against it and its two subsidiaries, telecom equipment manufacturer Ericsson India on Thursday urged the Supreme Court not t

Industry News
Switch to Hindi Edition