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Filing of cases in the Supreme Court will undergo a radical change with the introduction and operationalisation of e-fil...
04/05/2020

Filing of cases in the Supreme Court will undergo a radical change with the introduction and operationalisation of e-filing, chairperson of the e-committee of Supreme Court, Justice DY Chandrachud said in a telephonic interview.

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In order to ensure that the Bar is taken on board, the court might host a webinar for lawyers in coming days to unveil the module, understand their concerns and consider their suggestions.

A Delhi Court Friday granted bail to corporate lobbyist Deepak Talwar, arrested by the Enforcement Directorate in a mone...
02/05/2020

A Delhi Court Friday granted bail to corporate lobbyist Deepak Talwar, arrested by the Enforcement Directorate in a money laundering case related to receiving foreign funding illegally.

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A Delhi Court Friday granted bail to corporate lobbyist Deepak Talwar, arrested by the Enforcement Directorate in a money laundering case related to receiving foreign funding illegally.Special...

A division bench of the Delhi High Court on Wednesday stayed an interim order of a single-judge bench that had prohibite...
01/05/2020

A division bench of the Delhi High Court on Wednesday stayed an interim order of a single-judge bench that had prohibited coercive action against mortgage lender Indiabulls Housing Finance Ltd (IHFL) for failing to pay its dues to non- convertible debentures (NCD) holders.

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The two-judge bench of the Delhi HC has listed case for final arguments on 4 May.Sebi, Amfi and IDBI Trusteeship Services Ltd had moved the Delhi HC against the interim order

The Supreme Court on Wednesday directed the government to refund ₹733 crore to Vodafone Idea Ltd in a tax case related t...
30/04/2020

The Supreme Court on Wednesday directed the government to refund ₹733 crore to Vodafone Idea Ltd in a tax case related to the year ended March 2015 for which assessment has been completed but dismissed the company’s plea seeking refunds for three years following that as scrutiny of tax filings is pending.

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The refund for assessment year 2014-15 has to be issued within four weeks, directed the top court.The plea was initially filed by Vodafone Mobile Services, which in August 2018 had merged with Idea Cellular to form Vodafone Idea, seeking refunds for the four assessment years

The board of Axis Bank has approved purchase of an additional 29% stake in Max Life Insurance which will take the privat...
28/04/2020

The board of Axis Bank has approved purchase of an additional 29% stake in Max Life Insurance which will take the private lender's total stake in the insurer to 30%.

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Post completion of a series of transactions, Max Life will become a 70:30 joint-venture between Max Financial Services and Axis Bank

In a major relief for corporate borrowers hit hard by the coronavirus pandemic, the government has decided to amend the ...
25/04/2020

In a major relief for corporate borrowers hit hard by the coronavirus pandemic, the government has decided to amend the insolvency law to suspend up to one year provisions that trigger insolvency proceedings against defaulters.

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Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provision with respect to extending the time would be part of the ordinance, they added. Suspension of these provisions could be extended up to one year based on the e...

The Supreme Court today granted Republic TV Editor-in-Chief Arnab Goswami three weeks' protection from arrest in relatio...
24/04/2020

The Supreme Court today granted Republic TV Editor-in-Chief Arnab Goswami three weeks' protection from arrest in relation to the FIRs filed against for the alleged defamation of Congress President Sonia Gandhi.

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[Breaking] Supreme Court grants Arnab Goswami protection from arrest for three weeks, issues notice in plea against FIRs

State-run NBCC has moved the National Company Law Appellate Tribunal (NCLAT) challenging the March 3 order of the Nation...
23/04/2020

State-run NBCC has moved the National Company Law Appellate Tribunal (NCLAT) challenging the March 3 order of the National Company Law Tribunal (NCLT) that approved its resolution plan for debt-laden Jaypee Infratech (JIL).

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The NCLT also allowed JIL’s fixed deposit holders, who have not filed their claims within the statutory timelines, to continue their claims even after approval of the resolution plan.

The Central government has yesterday promulgated an Ordinance to amend the Epidemic Diseases Act, 1897 to make attacks o...
23/04/2020

The Central government has yesterday promulgated an Ordinance to amend the Epidemic Diseases Act, 1897 to make attacks on doctors and healthcare workers a cognizable and non-bailable offence.

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Read The Epidemic Diseases (Amendment) Ordinance, 2020 promulgated to punish those attacking healthcare workers

US social media conglomerate Facebook will invest Rs 43,574 crore into Jio Platforms, a unit of Reliance Industries, for...
22/04/2020

US social media conglomerate Facebook will invest Rs 43,574 crore into Jio Platforms, a unit of Reliance Industries, for a 9.99% stake, a development which on Wednesday boosted the shares of India's oil-to-retail conglomerate over 8% in early trade.

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Facebook will invest Rs 43,574 crore, largest FDI in India's technology sector.

An order of the Delhi high court obtained by private sector lender Indiabulls Housing Finance against markets regulator ...
21/04/2020

An order of the Delhi high court obtained by private sector lender Indiabulls Housing Finance against markets regulator Sebi has put mutual fund houses in a tight spot.

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India Business News: The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund houses, interes

The insolvency regulator IBBI has now ruled that the 40-day nationwide lockdown imposed by the Centre in the wake of o...
20/04/2020

The insolvency regulator IBBI has now ruled that the 40-day nationwide lockdown imposed by the Centre in the wake of outbreak will not be counted for the purpose of computation of timeline for any tasks under liquidation process.

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The insolvency regulator IBBI has now ruled that the 40-day nationwide lockdown imposed by the Centre in the wake of COVID-19 outbreak will not be counted for the purpose of computation of timeline fo

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