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Legal Era

From Legal Era
65% loans outstanding to DHFL to be termed as unsustainable
As part of a debt settlement plan, the lenders to Dewan Housing Finance Corp. Ltd (DHFL) are set to declare 65% of loans outstanding to DHFL as unsustainable.A total Rs. 24,700 crore is the portion of...
Supreme Court Issues Notice To The Centre After Petition Challenges Constitutional Validity Of Triple Talaq Law
[ By Bobby Anthony ]The Supreme Court has issued a notice to the Centre on a petition challenging the constitutional validity of the Muslim Women (Protection of Rights on Marriage) Act 2019 which...
Plea Filed In SC Challenges Unlawful Activities Prevention Amendment Act Which Designates Individuals As Terrorists
[ By Bobby Anthony ]A petition has been filed in the Supreme Court challenging the Unlawful Activities (Prevention) Amendment (UAPA) Act, 2019, notified by the Centre, to designate an individual as a...
SEBI Allows Rating Agencies To Collect Debt Data Details Of Their Clients In Order To Prevent Potential Loan Defaults
[ By Bobby Anthony ]The Securities And Exchange Board of India has allowed credit rating agencies to get details of the existing as well as future debt of their clients.The idea behind the move is to...
NSEL is not a financial establishment and does not fall within the ambit of MPID Act: Bombay HC
In this case before the Bombay High Court, a significant and axial issue was involved in two writ petitions revolving around the National Spot Exchange Limited (NSEL) and the parties were...
Solicitor General Tushar Mehta Seeks 5-Day CBI Custody To Grill Chidambaram About Alleged Role In INX Media Case
[ By Bobby Anthony ]The prosecution has sought a five-day custody of former union finance minister P Chidambaram, in order to interrogate him, after he was arrested by the Central Bureau of...
Former Banker And Alleged Key Conspirator In PNB Scam Case Refuses To Undergo Polygraph, Narco-Analysis Tests
[ By Bobby Anthony ]A former banker and key conspirator in the multi-crore PNB scam case named Gokulnath Shetty has refused to give his consent to undergo polygraph and narco-analysis tests.Former...
CBI Files Fresh Case Against NDTV Promoters Prannoy Roy, Radhika Roy For Alleged Violation Of FDI Regulations
[ By Bobby Anthony ]The Central Bureau of Investigation (CBI) has registered a fresh case of “criminal conspiracy and cheating” against NDTV founders Prannoy and Radhika Roy and the news channel’s...
Delhi based AFSPL Director arrested by EOW for swindling of Rs.344 crores of Dalmia Bharat
The Economic Offences Wing (EOW) of Delhi Police has arrested Allied Financial Services Pvt. Ltd. (AFSPL) Director Awanish Kumar Mishra for swindling of Rs. 344 crores. He was arrested on charges of...
Competition Commission of India introduces Green Channels for fast track approvals of Mergers & Acquisitions and certain Combinations
The Competition Commission of India (CCI) has set up Green Channels which will enhance the fast track approvals of certain Mergers and Acquisitions or Combinations. An amendment has been made by the...
Supreme Court Issues Notice To DLF, SEBI For Not Disclosing Key Information To Shareholders Through QIP Prospectus
[ By Bobby Anthony ]The Supreme Court has issued notice to real estate developer DLF for suppressing key information in the Qualified Institutional Placement (QIP) prospectus meant for its...
In debt recovery cases, money deposited with the Bank to establish bonafides to be treated as money deposited with the registry of the Court: SC
M/s Kut Energy Pvt. Ltd. (company/appellant) had entered into an agreement with the Government of Himachal Pradesh in 2008 for setting up 24 MW Kut Hydro Electric Project in Shimla District. For...











