The apex court also rejected DVI’s application for rectification, terming it to be “an attempt to renege from the resolution plan which it submitted and to resile from its obligations. This is a devious attempt which must
The issue with regard to interpretation of the Sebi regulations governing winding up is yet to be examined. The Karnataka High Court in its judgment on October 24 had expressed disappointment over ambiguities in the market re
A bench comprising Chief Justice DN Patel and Justice Jyoti Singh agreed to hear the appeal on Thursday. It rejected FRL senior counsel Darius Khambata’s request to hear the stay application in the afternoon itself. “FRL
It alleged grave and material breach of binding agreements committed by the Future Group, particularly on account of the proposed transaction relating to transfer of retail assets of Future Retail to the Mukesh Ambani group.
“Having held that the Emergency Arbitrator’s order was not ‘coram non judice’ (without jurisdiction), the single judge could not have, in the same order, render any observations inconsistent with the express premises
A day after Bharti Airtel, Vodafone Idea also moved the Supreme Court seeking modification of its order so that the department of telecommunications (DoT) can consider its submissions regarding arithmetical errors in the calc
The Supreme Court on Wednesday dismissed Sebi’s appeal against the Securities Appellate Tribunal’s order that quashed its decision to impose Rs 7-lakh penalty on the NHAI for the delay in filing financial results.
The Supreme Court on Tuesday admitted the government’s appeal against the telecom tribunal’s order that asked it to maintain parity between Unified Licence Internet Service Providers (ISPs) and old licensees on licence fe
The Supreme Court on Monday allowed state-owned National Hydro power Corporation (NHPC) and its subsidiary Lanco Teesta Hydro Power to process the tender for completion of balance works for the Teesta-VI Hydro Electric Projec
Chennai-based NGO India Awake for Transparency had accused the Premjis of illegally transferring assets from the firms Vidya, Regal and Napean into a private trust and a new company in 2014 without following due process.
Justice Khanna during the hearing also observed that the “the issue is big. People wanted refund...let Sebi answer... If they knew people will withdraw money like anything during Covid, why didn't Sebi do something like RBI