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Legal Era

From Legal Era
Supreme Court Directs Metal Scrap Trade Corporation To Auction Attached Properties Of The Amrapali Group
[ By Bobby Anthony ]The Supreme Court has directed the Metal Scrap Trade Corporation (MSTC) to auction attached properties of the defunct Amrapali Group of Companies as well as its directors, and...
Indian Government to decriminalize two-thirds of offences under Companies Act
The Indian Government is set to abolish prison term in over 40 out of the 66 sections under the Companies Act where compounding is permitted. The compounding methodology helps a company or its...
RBI Imposes Penalties Of Rs 1 Crore On LVB and Rs 75 Lakh On Syndicate Bank For Not Complying With Regulations
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has imposed penalties of Rs 1 crore on Lakshmi Vilas Bank (LVB) and Rs 75 lakh on Syndicate Bank respectively.The RBI stated that it has penalized...
New Data Protection to be placed in Parliament soon: Ravi Shankar Prasad
Union Communications, Electronics and Information Technology Minister Ravi Shankar Prasad said the Data Protection Bill is ready and would be placed in Parliament soon.According to sources, the...
India Proposes Data Localization at RCEP for Security Reasons and for the protection of national interests
India has proposed to locate computing facilities inside the country for security and protect national interests amid the ongoing negotiations of the proposed Regional Comprehensive Economic...
Securities & Exchange Board Of India Bans Directors, Former Directors Of Fairwealth Securities From Capital Markets
[ By Bobby Anthony ]Securities & Exchange Board of India (SEBI) has ruled that the directors and former directors of stock broker Fairwealth Securities Ltd, along with six other entities, have been...
NCLT Begins Insolvency Proceedings Against Nirav Modi Linked Company Called Firestar Diamond International
[ By Bobby Anthony ]The National Company Law Tribunal (NCLT) has initiated a corporate insolvency resolution process involving Firestar Diamond International (FDIPL), which happens to be a key...
NCLAT Asks ED To Release Assets Of Bhushan Power And Steel Limited As It Stays Rs 19,700-Crore Sale To JSW Steel
[ By Bobby Anthony ]The Rs 19,700-crore payout by JSW Steel to acquire debt-ridden firm Bhushan Power & Steel Limited (BSPL) has been put on hold by The National Company Law Appellate Tribunal (NCLAT)...
SC Refuses To Entertain Fresh Public Interest Litigation Seeking Linkage Of Aadhaar With Social Media Profiles
[ By Bobby Anthony ]The Supreme Court has refused to entertain a fresh public interest litigation (PIL) seeking linkage of Aadhaar with social media profiles.The Supreme Court stated that a similar...
Interpol Rejects Petition Filed By Nirav Modi’s Sister Purvi Challenging A Red Corner Notice Issued Against Her
[ By Bobby Anthony ]The Interpol has rejected defaulter diamantaire Nirav Modi's sister Purvi's plea challenging a Red Corner notice issued against her.Earlier, Purvi Modi had filed the petition...
Retail Investors In Alok Industries Petition NCLAT Against Reliance Industries Ltd Move To Delist The Textile Company
[ By Bobby Anthony ]Retail investors in Alok Industries have approached the National Company Law Appellate Tribunal (NCLAT) opposing Reliance Industries Ltd's (RIL) move to delist the textile firm.RIL...
Delhi Police Economic Offenses Wing Tells Delhi Court That Rs 1,260 Crore Was Diverted To Malvinder Singh’s Company
[ By Bobby Anthony ]The Economic Offenses Wing (EOW) of the Delhi police which is probing the Religare Fraud Case told a Delhi court that Rs 1,260 crore has been diverted to Malvinder Singh's firm RHC...











