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Legal Era

From Legal Era
Look Out Circular Against Fraud Accused Ousted CG Power Chairman Gautam Thapar; SFIO Likely To Investigate Case
[ By Bobby Anthony ]The Ministry of Corporate Affairs (MHA) has issued a look-out circular against Gautam Thapar, the ousted chairman of fraud-hit CG Power and Industrial Solutions.The MCA which is...
Four New Judges Appointed to the Supreme Court: Strength Reaches 34
Four new judges have been appointed to the Supreme Court on 18th September 2019, increasing its strength to 34, the highest-ever.Justices Krishna Murari, SR Bhat, V Ramasubramanian and Hrishikesh Roy...
CCI to monitor e-commerce platforms for the deep discounts offered during festive season
E-commerce platforms such as Amazon and Flipkart, are geared up to launch big sales in the upcoming festival period and would be offering consumers significant discounts on products during the sale...
Ex-Vedanta Group GC Nitin Banerjee joins Ola as its Group General Counsel
Former group General Counsel (GC) of Vedanta Limited, Nitin Banerjee, has joined the Ola group, as its Group General Counsel. Ola is owned by ANI Technologies Pvt. Ltd. that also owns Foodpanda,...
ED attaches assets worth Rs. 278 crores of Telengana based firm in Ponzi Scam
The Enforcement Directorate has attached assets worth Rs. 278 crore in connection with its money laundering probe in an alleged ponzi scam involving a Telangana-based multi-level marketing group.The...
SC order of demolition of the complexes in Maradu in Kerala leads to protests
The Supreme Court had on 6 Sept ordered the demolition of the complexes in Maradu near the backwaters of Ernakulam as the construction had violated the Coastal Regulatory Zone rules. The deadline for...
The determination of disputes concerning the validity of the imposition of a statutory due arising out of a “deficiency in service”, can be undertaken by the consumer fora: SC
A bench of Justices N.V. Ramana, Mohan M. Shantanagoudar and Ajay Rastogi ruled that the determination of disputes concerning the validity of the imposition of a statutory due arising out of a...
PMLA Appellate Tribunal releases assets of 63 moons from ED attachment
The PMLA Appellate Tribunal, released the assets of 63 moons from attachment by the Enforcement Directorate (ED) on 17th September 2019. The tribunal, after quashing attachment orders, has asked the...
Apple Inc. fights the biggest tax case in European Union (EU) General Court
Apple Inc. is battling the world’s biggest tax case in a European Union (EU) General Court in Luxembourg, trying to rein in the European Union’s powerful antitrust chief ahead of a potential new...
No need to report the receipt of gift of Rs. 1 lakh to the Government: FCRA rules amended
Under the amended Foreign Contribution Regulation Act an individual shall need to report all gifts received from abroad only if their value is above Rs. 1 lakh. Earlier, the threshold value was fixed...
RBI Puts Lakshmi Vilas Bank And Indiabulls Housing Finance Under The Scanner After PIL Filed In the Delhi High Court
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has begun scrutiny of the managements of the Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance (IHF) which were in the process of a...
Government Announces Rs 20,000 Crores For Stalled Housing Projects; benefit to 3.5 lakh home-buyers
The Government came to the rescue of 3.5 lakh distressed home-buyers by announcing Rs 20,000 crore fund to help real estate developers complete projects that are stuck on account of “last mile” cash...












