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Legal Era

From Legal Era
NCLT Rejects Sun Pharma Plan To Demerge Subsidiary
[ By Bobby Anthony ]The Ahmedabad bench of the National Company Law Tribunal (NCLT) has rejected a proposal by Sun Pharmaceutical Industries’ plans to consolidate its subsidiaries, as per which the...
PMLA Court Allows Banks To Sell Off Mallya's Assets
[ By Bobby Anthony ]A special Prevention of Money Laundering Act (PMLA) court in Mumbai has given its green signal to a lenders’ consortium of 15 banks to sell off absconding liquor baron Vijay...
Carlos Ghosn Flees Trial In Japan And Reaches Lebanon
[ By Bobby Anthony ]Carlos Ghosn, the ousted Nissan Motor Company chairman, has confirmed that he is currently in Lebanon, adding that he decided to escape Japan in order to not become a “hostage” of...
Meeting Called Between Copyright Entities, Music Users
[ By Bobby Anthony ]The Union Commence and Industry Ministry has called a meeting at Udyog Bhavanto discuss issues related to single and multiple copyright societies, according to a ministry...
Law To Be Amended To Allow Women To Work At Night
[ By Bobby Anthony ]Karnataka plans to amend the law to allow women to work in night shifts in shops as well as commercial establishments across the state, according to an official.The Karnataka state...
Facebook Fined USD 1.6 Million For Sharing User Data
[ By Bobby Anthony ]Brazil's Ministry of Justice and Public Security has imposed a fine of USD 1.6 million on Facebook for sharing of data belonging to 4,43,000 Brazilian users in relation to the...
ED Attaches Pixion Media’s Assets Worth Rs 127 Crore
[ By Bobby Anthony ]The Enforcement Directorate (ED) has stated that it has attached properties of Pixion Media Pvt Ltd and its group companies to the tune of Rs 127 crore in Mumbai, Kolkata and Noida...
Google files for patent for its ML model speed prediction to improve navigation in India
[ by Kavita Krishnan ]Tech major Google has moved the Indian patent office seeking a patent to its new machine learning (ML) model for prediction of the speed of vehicles on particular routes, which...
Release Assange, Demands Reporters Without Borders
[ By Bobby Anthony ]International non-profit organization of journalists called Reporters Sans Frontieres (RSF) has demanded the immediate release of WikiLeaks founder Julian Assange, stating that the...
Karvy’s Lenders Eye DRT, IBBI After No SEBI Relief
[ By Bobby Anthony ]ICICI Bank, Bajaj Finance Ltd, HDFC Bank, IndusInd Bank, Axis and other lenders banks which had lent to Karvy Stock Broking Ltd have begun exploring other avenues after failing to...
IRDAI Restores RCap’s 100% Shareholding In RGICL
[ By Bobby Anthony ]The Insurance Regulatory and Development Authority of India (IRDAI) has canceled the pledge enforcement of Reliance General Insurance shares by Credit Suisse and Nippon India...
PMC Bank Inspection Report Not Yet Finalized, Says RBI
[ By Bobby Anthony ]The inspection report on the financial position of the scam-hit Punjab and Maharashtra Cooperative Bank as on March 31 this year is yet to be finalized, the Reserve Bank of India...












