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Legal Era

From Legal Era
National Housing Bank Act amended to bring housing finance companies (HFCs) under RBI
The National Housing Bank Act has been amended thereby bringing housing finance companies (HFCs) under the ambit of the Reserve Bank of India.The implementation of the partial credit guarantee scheme...
Amrapali case: Special cell to start registration. Officials warned by SC of being sent to jail in case of delay
The Supreme Court has directed the Noida and Greater Noida authorities to start registration of flats in favour of Amrapali homebuyers and hand over the possession of flats to the homebuyers failing...
Centre to direct Maharashtra to bring unregistered projects under MahaRERA
Hardeep Singh Puri, Union Minister of housing and urban affairs would be directing the Maharashtra Chief Minister and the Maharashtra Real Estate Regulatory Authority (MahaRERA) to bring unregistered...
DS Kulkarni’s brother Makrand Kulkarni detained while trying to flee the country
Makrand Kulkarni, brother of Pune based builder DS Kulkarni was detained at the Mumbai airport when he was trying to flee the country. He is an accused in a cheating case of Rs.2000 crores. Last year,...
Navi Mumbai builder arrested for duping 350 home buyers
A Navi Mumbai builder Sachin Zende was arrested by the Economic Offences Wing (unit-2) of Navi Mumbai crime branch on 12th August 2019. Zende who had been absconding for three years had duped around...
Providing of scholarships is a revenue expenditure allowable under Section 37 (1) of the Income Tax Act: ITAT
The question before the Income Tax Appellate Tribunal (ITAT) was whether amount paid by an assessee as scholarships would be allowable under Section 37(1) of the Income Tax Act 1961 (IT Act). The...
National Company Law Tribunal Gives Green Signal To Consolidate Insolvency Process Of 13 Videocon Companies
[ By Bobby Anthony ]The National Company Law Tribunal has given the green signal to consolidate insolvency proceedings involving 13 Videocon group companies into a single process.The move is expected...
SC Keeps Activist Tehseen Poonawalla’s Plea Against J&K Shutdown Pending; Likely To Hear Matter After Two Weeks
[ By Bobby Anthony ]A recent petition filed by activist Tehseen Poonawalla against the shutdown of communication services in Jammu & Kashmir has been kept pending by the Supreme Court, which is...
Delhi High Court Directs Internet Service Providers To Block Websites Engaged In Illegal Streaming Of Films, TV Series
[ By Bobby Anthony ]Internet Service Providers (ISPs) have been directed by the Delhi High Court to block access to websites which allegedly indulge in illegal streaming of films and television...
Punjab National Bank Loan Default: Debt Recovery Tribunal Restrains Liquor Baron Shiv Lal Doda From Leaving Country
[ By Bobby Anthony ]The Chandigarh Debt Recovery Tribunal has restrained liquor baron Shiv Lal Doda from leaving the country in a case involving a default of Rs 17-crore loan he had availed from the...
Delhi High Court Restrains Portal From Using 'Vistara' Brand To Sell Products Since It Poses A Threat To Airport Security
[ By Bobby Anthony ]The Delhi High Court has restrained an aviation related web portal from selling counterfeit ‘Vistara’ branded products since it poses security risks at airports due to its...
Nirav Modi Chose To Remain In An English Jail Rather Than Return To India: Enforcement Directorate Tells PMLA Court
[ By Bobby Anthony ]The prime accused in the Rs 13,500-crore Punjab National Bank (PNB) fraud case, Nirav Modi preferred to remain in a United Kingdom jail rather than return to India after he was...












