Supreme Court asks Amrapali home buyers to clear their dues as per payment plan
NEW DELHI: The Supreme Court on Friday warned that the flat buyers of Amrapali Group who are not clearing their dues as per the payment plan should not be in any kind of delusion as their units can be cancelled and will be considered as unsold inventory. A special bench of Justice U U Lalit […]
Supreme Court directs demolition of Supertech Emerald’s twin 40-storey towers in 3 months
NEW DELHI: The Supreme Court on Tuesday directed demolition of twin 40-storey towers of Supertech’s Emerald Court project in NOIDA here for violation of building by-laws. The apex court directed that the entire amount of home buyers be refunded with 12 per cent interest from the time of the booking and the Residents Welfare Association […]
Supreme Court refuses to entertain pleas of Amazon, Flipkart against CCI probe
NEW DELHI: The Supreme Court Monday refused to entertain pleas of e-commerce firms, Amazon and Flipkart, challenging an order permitting the Competition Commission of India (CCI) to carry out a preliminary investigation into the alleged violation of the competition law. A three-judge bench headed by Chief Justice N V Ramana said that challenging the enquiry […]
Supreme Court reserves verdict on Amazon’s pleas against Future-Reliance deal
NEW DELHI: The Supreme Court Thursday reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance Retail. Amazon.com NV Investment Holdings LLC and FRL are embroiled in a bitter legal fight over the deal and the US-based firm has sought in […]
Why aren’t you repealing British era sedition law, Supreme Court asks Modi government
NEW DELHI: Concerned over enormous misuse of the colonial era penal law on sedition, the Supreme Court on Thursday asked the Narendra Modi government (Centre) why it was not repealing the provision used by the British to silence people like Mahatma Gandhi to suppress freedom movement. Agreeing to examine the pleas filed by Editors Guild […]
Supreme Court strikes down West Bengal law on regulating real estate, holds it unconstitutional
NEW DELHI: The Supreme Court on Tuesday struck down West Bengal’s law on regulating the real estate sector in the state, and said it was unconstitutional as the statute encroached upon the Centre’s Real Estate (Regulation and Development) Act,. A bench of justices D Y Chandrachud and M R Shah said the West Bengal Housing […]
Revisit current Covid-19 vaccine policy, it may create disparity: Supreme Court to Centre
NEW DELHI: The Supreme Court has directed the Centre to revisit its COVID-19 vaccine pricing policy, saying it would prima facie result in a detriment to the right to public health. A bench headed by Justice D Y Chandrachud said as of date, the manufacturers have suggested two different prices, a lower price which is […]
Supreme Court asks Narendra Modi government to explain rationale of different price slabs for Covid-19 shots
NEW DELHI: The Supreme Court on Tuesday took note of different prices of COVID-19 vaccines for Centre (Narendra Modi government), states and the private hospitals and asked the central government to explain to it the rationale and basis behind such a pricing policy. The top court, hearing a suo motu case related to ‘distribution of […]
Amazon moves Supreme Court against Delhi High Court stay order restraining Future-Reliance deal
NEW DELHI: Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business. “The company’s advocates are in receipt of communication dated April 13, […]
‘Public streets should not be blocked’: Supreme Court
NEW DELHI: Public streets should not be blocked , observed the Supreme Court on Friday while hearing a plea of a Noida-based woman alleging difficulties in commuting to Delhi for work due to road blockades by protesting farmers. A bench comprising justices Sanjay Kishan Kaul and Hemant Gupta took note of the reply of Delhi […]
Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 crore hit
NEW DELHI: Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above Rs 2 crore as loans below this got […]
Supreme Court-appointed panel on farm laws submits report
NEW DELHI: The Supreme Court-appointed committee to study the three new controversial agricultural laws has submitted its report to the apex court on March 19 in a sealed cover, one of its members said on Wednesday. Farmers have been protesting seeking repeal of the three contentious farm laws on the borders of New Delhi for […]
Supreme Court restrains banks from charging interest-on-interest on borrower during moratorium
NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. A bench comprising Justices D. Y. Chandrachud, M. R. Shah and Sanjiv Khanna pronounced the verdict. The top […]
Supreme Court halts Future Group’s $3.4 billion deal on Amazon plea
By Upmanyu Trivedi NEW DELHI: India’s Supreme Court has stopped regulatory approval for the Future Group’s $3.4 billion asset sale to Reliance Industries Ltd., effectively halting the deal and marking another victory for Amazon.com Inc., which wants to scuttle the transaction in its bid to dominate the country’s retail sector. Agreeing with the American e-commerce […]
Supreme Court notice to Modi government, WhatsApp on plea alleging low privacy standards
NEW DELHI: The Supreme Court on Monday sought responses from the Narendra Modi government (Centre) and WhatsApp within four weeks on a fresh plea alleging lower standards of privacy for Indians in comparison to European users of the messaging app. The top court said that people have grave apprehensions that they will lose their privacy, […]
Amazon moves Supreme Court in Future-Reliance deal dispute
NEW DELHI: E-commerce major Amazon has moved the Supreme Court in a bid to block Future group’s Rs 24,713-crore deal with Reliance, according to sources. The development comes after a recent Delhi High Court’s ruling that stayed a previous order on status quo of the deal and ruling that statutory authorities cannot be restrained from […]