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Legal Era

From Legal Era
Indiabulls Housing Finance Ltd Seeks Early Delhi High Court Hearing On Fraud Allegations After A Record Share Slump
[ By Bobby Anthony ]Indiabulls Housing Finance Ltd is seeking to bring forward a court hearing on fraud allegations after a record share slump of 35%.Currently, the Delhi High Court hearing is...
PMC Bank Account Holders File PIL Before Bombay High Court Seeking Relief From Reserve Bank Of India Curbs
[ By Bobby Anthony ]A Mumbai-based Non-Governmental Organization (NGO), along with nine account holders of the PMC Bank have filed a PIL before the Bombay High Court seeking relief from curbs on...
Securities & Exchange Board Of India Bars Chromatic India From Capital Markets For Five Years For Fixing Its GDR Issue
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has barred Chromatic India Limited from the capital markets for five years for manipulation its global depository receipts (GDR)...
Mumbai Bench Of NCLT Initiates Corporate Insolvency Resolution Process Against D S Kulkarni Developers Limited
[ By Bobby Anthony ]The Mumbai bench of the National Company Law Tribunal (NCLT) has initiated a corporate insolvency resolution process against D S Kulkarni Developers Limited (DSKDL).DSKDL happens...
Central Government Puts Out Look Out Circular Against HDIL Directors Sarang And Rakesh Kumar Wadhawan
[ By Bobby Anthony ]The Ministry of Corporate Affairs has got the central government to put out a look out circular against two directors of realty firm HDIL directors Sarang Wadhawan and Rakesh Kumar...
Irate Shareholders Threaten To File Class Action Suit Against Anil Ambani Led Management At Annual General Meeting
[ By Bobby Anthony ]Angry shareholders have threatened to file the country’s first ever class action suit against the Anil Ambani Group led management, if he does not address issues like poor...
RBI-Appointed Administrator Of PMC Bank To File An FIR Against Former Management For Financial Irregularities
[ By Bobby Anthony ]An FIR is likely to be filed at the Economic Offences Wing (EOW) of the Mumbai police shortly by the bank’s RBI appointed administrator against the former management of the Punjab...
India All Set To Lose Major Trade Dispute Over Export Subsidy Programs To The United States At The WTO
[ By Bobby Anthony ]India is all set to lose a major trade dispute with the US at the World Trade Organization (WTO) after a WTO panel upheld a US complaint that export provisions provided by the...
Chief Justice Of India Recuses From Hearing Navlakha’s Plea To Quash FIR Against Him In The Bhima Koregaon Case
[ By Bobby Anthony ]Chief Justice of India Ranjan Gogoi has recused from hearing the plea filed by Gautam Navlakha seeking the quashing of an FIR registered against him in the Bhima Koregaon...
NCLAT confirms agreement between Dutch court and Jet resolution professional
The National Company Law Appellate Tribunal (NCLAT) has approved an agreement between a Dutch court and the Resolution Professional looking into the insolvency process of the debt-ridden carrier – Jet...
Securities & Exchange Board of India Approves Relaxed Buyback Norms For Firms With Housing Finance, NBFC Arms
[ By Bobby Anthony ]The Securities & Exchange Board of India has eased its rules for buyback by listed companies which have housing finance and NBFC subsidiaries.Repurchase of shares by listed...
Jyoti Singh goes independent after her exit from Phoenix Legal
Phoenix Legal Equity Partner Jyoti Singh who also handled the firm’s Disputes and Insolvency practice in their Mumbai office has quit the firm to start her own boutique dispute resolution and...











