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Legal Era

From Legal Era
DRT puts restraint on DHFL from making payments to unsecured creditors
[ by Kavita Krishnan ]The Pune bench of the Debt Recovery Tribunal (DRT) has restrained Dewan Housing Finance Limited (DHFL) from making any further payments to any of its unsecured creditors,...
DHFL allowed to pay banks and NBFCs with which it has securitization deals: Bombay HC
[ by Kavita Krishnan ]The financial lenders of Dewan Housing Finance Corporation (DHFL) heaved a sigh of relief after the Bombay High Court allowed the stressed mortgage financier to make payments to...
NCLAT ruling in Essar Steel-ArcelorMittal set aside by Supreme Court
[ by Kavita Krishnan ]The Supreme Court has set aside the National Company Law Appellate Tribunal's (NCLAT) ruling in the Essar Steel-ArcelorMittal case that provided for equal distribution of...
HSBC India’s Former CEO Stuart Milne, Executives Named in FIR For Allegedly Defrauding Senior Citizens Of Rs 1.48 Crore
[ By Bobby Anthony ]The Mumbai police has registered a first information report (FIR) against HSBC India, its former chief executive Stuart P Milne, Priya Paul, its relationship manager as well as...
SAT Slams SEBI's ‘Vested Interest’ In Stalling Complaint Related To Bennett, Coleman & Company Ltd For Six Years
The Securities Appellate Tribunal (SAT) has come down heavily on the Securities & Exchange Board of India (SEBI) for not performing its duties and keeping a complaint involving the investment...
Enforcement Directorate Arrests Former Religare Promoters Malvinder Singh, Sunil Godhwani For Money Laundering
[ By Bobby Anthony ]The Enforcement Directorate (ED) has stated that that it has arrested former Religare Health Enterprises Ltd promoters Malvinder Singh and Sunil Godhwani in connection with its...
Brick and mortar phone retailers protest as online sales hit record high
[ by Kavita Krishnan ]The Confederation of All-India Traders (CAIT), representing 70 million brick and mortar traders across the nation, has levelled serious allegations against e-commerce players...
Reliance Industries Begins Arguments Before SAT Against 2017 SEBI Order Barring It From Equity Derivatives Market
[ By Bobby Anthony ]Reliance Industries Limited (RIL) has begun its arguments before the Securities Appellate Tribunal (SAT) against a 2017 Securities & Exchange Board of India (SEBI) order barring it...
Sacked CFO Of CG Power & Industrial Solutions Claims That Law Firm Vaish Associates Report Is ‘Biased And Concocted’
[ By Bobby Anthony ]The former Chief Financial Officer (CFO) of CG Power & Industrial Solutions, V R Venkatesh has written to the Securities & Exchange Board of India (SEBI) and the Ministry of...
Anti-money laundering rules amended; use of Aadhaar made easier
[ by Kavita Krishnan ]The government has amended the anti-money laundering rules to allow people to use Aadhaar for identification and yet use an address different from the one given in Aadhaar...
Tamil Nadu to unveil a policy for ethical use of Artificial Intelligence
[ by Kavita Krishnan ]In a first of its kind in India, Tamil Nadu is all set to unveil a policy for safe and ethical use of Artificial Intelligence (AI).Tamil Nadu e-Governance agency executes...
Supreme Court Refers Its Sabarimala Verdict Which Lifted Bar On Entry Of Women To A Larger Seven-Judge Bench
[ By Bobby Anthony ]In a 3:2 majority verdict, the Supreme Court has referred the issue of entry of women to the Sabarimala temple in Kerala, as well as other religious places to a larger seven-judge...












