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Legal Era

From Legal Era
Reserve Bank Of India Blocks Merger Of Lakshmi Vilas Bank With Indiabulls Housing Finance Ltd Citing Bad Loans
[ By Bobby Anthony ]The Chennai-based Lakshmi Vilas Bank Ltd (LVB) has announced that the Reserve Bank of India (RBI) has rejected its proposed merger with Indiabulls Housing Finance Ltd.The Reserve...
Sanjay Gupta joins Link Legal as Disputes Partner
Sanjay Gupta has joined Link Legal as a Partner in the firm’s Dispute Resolution practice. Sanjay has extensive experience providing innovative and strategic advice on various legal matters ranging...
NCLAT Rules That The NCLT Cannot Straight Away Direct A Probe Into Affairs Of Any Corporate Debtor By The SFIO
[ By Bobby Anthony ]The NCLAT has clarified that under the National Company Law Tribunal (NCLT) has no power under the Insolvency and Bankruptcy Code,2016 (IBC) to straightaway order a probe a...
Securities & Exchange Board Of India Clears J Kumar Infraprojects From Charges Of Misrepresenting Its Books
[ By Bobby Anthony ]The Securities & Exchange Board of India has stated that there are no reasonable grounds to believe that there has been any misrepresentation of financials by J Kumar Infraprojects...
Punjab & Haryana HC Directs Central Government To Decide About Linking Aadhaar Card With Property Transactions
[ By Bobby Anthony ]The Punjab and Haryana High Court has directed the central government and the two state governments to take a decision on linking the Aadhaar card with all property transactions by...
Halliburton To Pay USD 275,000 To Two Muslim Employees Of Indian And Syrian Origin For Religious Discrimination
[ By Bobby Anthony ]Houston-based American multinational corporation Halliburton is all set to pay USD 275,000 to two of its Muslim employees of Indian and Syrian origin who were subjected to...
HDIL’s Auditors May Be Probed As Part Of Investigations Into Punjab & Maharashtra Co-Operative Bank Ltd Fraud
[ By Bobby Anthony ]Mumbai-based chartered accountant firm Rajeswari & Associates which was Housing Development & Infrastructure Ltd (HDIL) auditor is likely to be probed by the Mumbai police’s...
Non-FATF members like Mauritius and Cayman Islands to be hit by new SEBI rules
Financial centres like Mauritius, Cayman Islands and Cyprus which are not Financial Action Task Force (FATF) members will not be allowed to deal in participatory notes as per the new rules laid by...
Serious Fraud Investigation Office Sends Notices To Law Firms, Legal Consultants To Disclose Information On IL&FS
[ By Bobby Anthony ]The Serious Frauds Investigation Office (SFIO) has sent notices to law firms and legal consultants to disclose all information about IL&FS during the 10 year period when these...
40 Attorneys General to join anti-trust probe against Facebook
Nearly 40 state attorneys general are set to join probe against Facebook's anti-competitive business practices.They met officials from the Justice Department and Federal Trade Commission (FTC) in...
Facebook fined $40 million for inflating data on video ads in a class-action law suit
Social networking platform – Facebook had been incorrectly calculating average viewing time for video ads on its platform for which it was directed to pay a hefty fine of $40 million in a class-action...
Google do not have to apply the “right to be forgotten” globally: European Court of Justice
The European Court of Justice (ECJ) which is the highest court in the European Union (EU) has ruled that search engines like Google are not under any obligation to apply the “right to be forgotten”...












