Tag: Supreme Court

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 […]

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, […]

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 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 […]

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