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Legal Era

From Legal Era
Government contemplates ways to distribute insolvency resolution proceeds to avoid delays and litigation
[ By Kavita Krishnan ]The government is in the process of devising a formula for distributing the proceeds of insolvency resolution among financial and operational creditors in a fixed proportion with...
RBI withdraws certain exemptions from HFCs and puts them at par with NBFCs
[ By Kavita Krishnan ]Certain exemptions granted to housing finance companies (HFCs) have been withdrawn by the Reserve Bank of India (RBI) putting the HFC regulations on a par with those of...
Kerala HC Advocates Urge CJI To Decide On Issues Raised By Lawyer Dushyant Dave About Cases Involving Adani Group
[ By Bobby Anthony ]The Kerala High Court Advocates Association has written to the Chief Justice of India, urging him to decide about issues raised by senior lawyer Dushyant Dave on cases involving...
Amazon launches “Project Zero” in India to hinder counterfeit goods
[ By Kavita Krishnan ]Amazon has launched “Project Zero” in India in order to ensure that customers receive authentic goods while shopping on Amazon. “Project Zero” introduces additional proactive...
SC sets aside NCLAT order that dissenting financial creditor should not be discriminated
[ By Kavita Krishnan ]The Supreme Court set aside an order of the National Company Law Appellate Tribunal (NCLAT) which had held that the dissenting financial creditor should not be discriminated...
Vodafone Group’s Risks Being Accused OF Fraud Due To Financial Statement, Says Hammurabi & Solomon Founder
[ By Bobby Anthony ]Vodafone Group's financial statement only strengthens the perception that it has risked itself to being accused of playing fraud upon investors and shareholders for lack of...
Vodafone Idea, Airtel All Set To File Review Petitions Before The Supreme Court Urging It To Reconsider Its AGR Ruling
[ By Bobby Anthony ]Vodafone Idea and Bharti Airtel are set to file a review petition shortly, which may include seeking a reduction in penalties and interest component of payable dues.The companies...
Mumbai Police EOW Arrests Two Auditors Jayesh Sanghani, Ketan Lakdwala In Connection With PMC Bank Fraud Case
[ By Bobby Anthony ]The Economic Offences Wing (EOW) of the Mumbai police has arrested two auditors, namely Jayesh Dhirajlal Sanghani and Ketan Pravinchand Lakdawala in connection with the Punjab &...
India must now reform its surveillance law
Few days back it was revealed that Israeli software – Pegasus, had been used to hack the WhatsApp accounts of — and spy on — numerous Indian human rights defenders, activists, and lawyers. It is yet...
Khoda municipality seeks response from residents to levy house tax
[ By Kavita Krishnan ]Khoda municipality passed a proposal on November 6 regarding levying of taxes in the area and has sought response from residents.Municipality Chairperson Reena Bhati had objected...
EOW Court In Mumbai Rejects Anticipatory Bail Petitions Of Two Former PMC Bank Board Members Sodhi And Narang
[ By Bobby Anthony ]An Economic Offences Wing (EOW) court in Mumbai has rejected the anticipatory bail applications of two former Punjab & Maharashtra Co-Operative Bank (PMC Bank) board members,...
MHADA assigns Rs. 5000 crore redevelopment project to tainted builder
[ By Kavita Krishnan ]SBM Realtors whose credentials and track records are under disgrace has been allowed by the Maharashtra Housing and Area Development Authority (MHADA), to redevelop the 25-acre...












