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Legal Era

From Legal Era
Vijay Mallya’s Appeal Against His Extradition Order Listed For A Three-Day Hearing By UK High Court In February 2020
[ By Bobby Anthony ]Defaulter Vijay Mallya's appeal in the UK High Court against his extradition order has been listed for a three-day hearing from February 11, 2020, a UK court has stated.Recently,...
Securities & Exchange Board Of India Revises Disclosure Regulations For Listed Banks Regarding Provisioning Assets
[ By Bobby Anthony ]Disclosure requirements for listed banks regarding divergence in provisioning of assets have been revised by markets regulator Securities & Exchange Board of India (SEBI).The...
ArcelorMittal Moves SC Against Part Of National Company Law Appellate Tribunal Order In Essar Steel Insolvency Case
[ By Bobby Anthony ]ArcelorMittal has moved the Supreme Court against a part of the order of the National Company Law Appellate Tribunal (NCLAT) in the Essar Steel insolvency case.The appellate...
MCA Gets NCLT Nod To Prosecute Deloitte Haskins, BSR Associates Which Had Audited IL&FS Financial Services
[ By Bobby Anthony ]The Ministry of Corporate Affairs (MCA) has received a nod from the National Company Law Tribunal (NCLT) to prosecute Deloitte Haskins and BSR Associates which had audited IL&FS...
IL&FS Scam Side Effect: CARE Becomes The Second Credit Rating Agency After ICRA To Send Its Top Boss On 'Leave'
[ By Bobby Anthony ]The board of directors of the credit ratings company CARE has sent Rajesh Mokashi, its Managing Director & CEO, “on leave with immediate effect until further notice”, it has been...
Government To Amend Companies Act In Order To Penalise Companies Not Meeting Mandated 2% CSR Spending Norm
[ By Bobby Anthony ]The government has recommended several amendments to the Companies Act including provisions to penalise companies which do not meet the mandated 2% spending on corporate social...
Audit Firm Partners Facing Any Disciplinary Proceedings To Be Barred From Signing Bank Balance Sheets, States RBI
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has directed that audit firm partners who are in the midst of any disciplinary proceedings will be barred from signing the balance sheet of any bank...
Allahabad Bank Reports Rs 688-Crore Fraud By SEL Manufacturing Adding That The Matter Is Before The NCLT
[ By Bobby Anthony ]The state-owned Allahabad Bank has stated in a regulatory filing that it has been hit by a fraud of Rs 688.27 crore by SEL Manufacturing and the matter is before the National...
Government Accepts 7 Out Of 9 Supreme Court Collegium Recommendations To Appoint Chief Justices To High Courts
[ By Bobby Anthony ]The Lok Sabha has been informed that seven of the nine recommendations made by the Supreme Court collegium this year to appoint chief justices to nine high courts have been...
Secured Lenders Set To Get Preference Over Operational Creditors As Government Moves To Amend Insolvency Law
[ By Bobby Anthony ]The government plans to amend the Insolvency and Bankruptcy Code (IBC), providing clarity about preference to secured lenders over operational creditors.The cabinet has approved...
SFIO Investigation Reveals That Wife Of Former IL&FS Top Boss Had Private Business Deal With Defaulter Businessman
[ By Bobby Anthony ]The wife of former IL&FS head Ravi Parthasarathy probably had business dealings with C Sivasankaran in a private capacity, according to a Serious Fraud Investigation Office (SFIO)...
SEBI, MCA Asks Indigo To Submit All Documents, Including EY Report Which Had Examined Related-Party Transactions
[ By Bobby Anthony ]The Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) have asked IndiGo to submit all documents, including the EY report that examined the...












