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Legal Era

From Legal Era
National Company Law Tribunal Asks State Bank Of India Not To Sell Off Videocon's Overseas Oil And Gas Assets
[ By Bobby Anthony ]The National Company Law Tribunal (NCLT) has asked the State Bank of India (SBI) not go ahead with its plans to sell off overseas oil and gas assets (subsidiaries) of Videocon...
Satyam scam: Audit firms are registered with ICAI; SEBI cannot exercise its power over audit firms nor debar them as they do not deal in the securities market: SAT
Pricewaterhouse (PW) Bangalore was given the audit for auditing the books of accounts of B. Ramalinga Raju owned Satyam Computers Services Limited (Satyam Computers).In the year 2009, Securities...
Attorneys General Of 50 US States Initiate Investigation Into Google's Anti-Trust Practices In Online Advertising Market
[ By Bobby Anthony ]In a significant development, Attorneys General for 50 US states have announced a probe into Google's anti-trust practices, focusing on whether the tech giant is overly dominant in...
Remember That a Job Well Done is a Reward in Itself
After spending over seven years at the Bar in Coimbatore, covering a wide spectrum of civil law work both in litigation and transactions, K. S. Suresh joined ITC in 1990. ITC is an Indian conglomerate...
Supreme Court Orders Investigation Into Cab Aggregator Uber's Alleged Abuse Of Its Market Dominance In India
[ By Bobby Anthony ]The Supreme Court has given its nod to investigate cab aggregator Uber’s alleged anti-competitive practices and abuse of market dominance in India.The development comes after Meru...
HC orders continuity of Gurugram Rapid Metro till Sept 17
In a major relief to commuters, the Punjab and Haryana High Court on Monday ordered Rapid Metrorail Gurgaon South Limited (RMSGL) to continue to operate and manage the Rapid Metro Rail on both lines...
Ousted CG Power Chairman Gautam Thapar Sends Legal Notice To Company Board Contesting His ‘Illegal’ Removal
[ By Bobby Anthony ]The ousted chairman of CG Power & Industrial Solutions, Gautam Thapar, has sent a legal notice to the company board through the law firm Shardul Amarchand Mangaldas & Company,...
NCLT Initiates Insolvency Proceedings Against Raheja Developers; Appoints Interim Resolution Professional
[ By Bobby Anthony ]The National Company Law Tribunal (NCLT) has begun insolvency proceeding against the real estate development company Raheja Developers.As a part of the insolvency process, a public...
SAT quashes SEBI’s order of 2 year audit ban on Price Waterhouse Coopers (PwC)
The Securities Appellate Tribunal (SAT) reversed the order passed by markets regulator Securities and Exchange Board of India (SEBI) banning Price Waterhouse Coopers from auditing any listed company...
Adani Group move Bombay High Court against GVK bid to stall its deal in the Mumbai airport stake
Adani Group led by Gautam Adani has dragged the shareholders of the GVK Group-run Mumbai airport (MIAL) and the aviation ministry to the Bombay High Court, seeking a direction to them to allow buying...
New amendments to the Income Tax Act with effect from 1st September 2019
The full Budget for Financial Year 2019-20 was presented in July this year after the general elections. Hence the tax changes came into effect from September 1, 2019.• Tax Deducted at Source (TDS) on...
Madras HC Chief Justice Vijaya K Tahilramani Submits Her Resignation; Stops Attending Court After Abrupt Transfer
[ By Bobby Anthony ]Chief Justice of the Madras High Court Vijaya Kamlesh Tahilramani has resigned from office after she was transferred to the Meghalaya High Court, due to which she has stopped...











