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Legal Era

From Legal Era
NCLAT Rules That Disciplinary Proceedings Initiated By Insolvency Regulator IBBI Cannot Be Quashed By NCLT
[ By Bobby Anthony ]Disciplinary proceedings initiated by insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) cannot be quashed by the National Company Law Tribunal (NCLT), the...
Group Of Jaypee Infratech Homebuyers Approach Supreme Court Challenging NCLAT Order On Resolution Plan
[ By Bobby Anthony ]A group of Jaypee homebuyers has approached the Supreme Court challenging the National Company Law Appellate Tribunal (NCLAT) order.Earlier, the NCLAT had passed an order on July...
SBI Slapped With Rs 7-Crore Penalty By RBI For Violating Income Recognition And Asset Classification Norms
[ By Bobby Anthony ]A penalty of Rs 7 crore has been imposed on the State Bank of India (SBI) by banking sector regulator Reserve Bank of India (RBI), for non-compliance with regulatory norms.The...
Capital Market Regulator Securities And Exchange Board Of India Fines GKS Properties Rs 5 Lakh For Fraudulent Trades
[ By Bobby Anthony ]Capital markets regulator Securities & Exchange Board of India (SEBI) has imposed a fine of Rs 5 lakh on GKS Properties for executing non-genuine trades in the illiquid stock...
Supreme Court Urges Securities And Exchange Board Of India To Investigate IL&FS Fraud To Protect Investors
[ By Bobby Anthony ]The Supreme Court recently asked the Securities & Exchange Board of India (SEBI) about why it should not be directed to probe the IL&FS fraud in order to protect investors.The...
Supreme Court Dismisses Moneylife Foundation's PIL Against Life Insurance Corporation’s Jeevan Saral Policy
[ By Bobby Anthony ]The Supreme Court has refused to entertain Money Life Foundation's plea alleging that the Life Insurance Corporation (LIC) misled and cheated its consumers to the tune of more than...
Pakistan Reopens Airspace To India
[ By Titus Manickam Rock ]In a welcome move for international and Indian airlines, Pakistan opened its airspace to civil aviation from and to India after months of restrictions since February 2019 as...
Essar Steel Lenders Tell Supreme Court That NCLAT Order Misinterpreted Insolvency And Bankruptcy Code Provisions
[ By Bobby Anthony ]Essar Steel’s lenders have informed the Supreme Court that the National Company Law Appellate Tribunal (NCLAT) has misinterpreted Insolvency and Bankruptcy Code (IBC) norms...
Capital Market Regulator SEBI Questions SBI About Its Failure To Comply With New Corporate Governance Norms
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has questioned State Bank of India’s (SBI) alleged failure to comply with new corporate governance norms.While SEBI has taken the...
JSW Tells NCLT That It Serious About Bhushan Power, While NCLT Says Fraud Reports Won’t Affect Insolvency Process
[ By Bobby Anthony ]JSW Steel’s lawyers told the National Company Law Tribunal (NCLT) that it is not backing out from the resolution process of Bhushan Power & Steel Ltd (BPSL) despite reports of...
Audit Of Jet Airways Reveals Diversion Of Funds, Fraudulent Billing, Excess Billing, Substantially Inflated Fuel Expenses
[ By Bobby Anthony ]A forensic audit of Jet Airways has revealed alleged misappropriation of funds relating to provision of loans as well as fraudulent billing for JP Miles.The State Bank of India...












