Supreme Court tells Airtel, Vodafone to give TRAI details of segmented offers
NEW DELHI: The Supreme Court on Friday directed Bharti Airtel and Vodafone Idea to disclose details sought by the Telecom Regulatory Authority of India (TRAI) in connection with segmented offers. A bench headed by Chief Justice S.A. Bobde and comprising Justices A.S. Bopanna and V. Ramasubramanian said: “In the light of the above historical background, […]
Reliance Industries to appeal in Supreme Court against SAT ruling
NEW DELHI: Reliance Industries Limited (RIL) on Thursday said it will challenge in Supreme Court the dismissal of its plea by the Securities Appellate Tribunal (SAT) against a Sebi ruling barring the firm and 12 of its promoter group entities from dealing in equity derivatives for alleged unfair trade practices. SAT, by a 2:1 majority […]
Loan moratorium: RBI urges Supreme Court to lift order banning declaration of NPAs
NEW DELHI: The RBI Thursday urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders, saying it is facing difficulty due to the directive. In a relief to stressed borrowers who are facing […]
Supreme Court asks Modi govt to file status report on confidential proceedings in UK on Vijay Mallya’s extradition
NEW DELHI: The Supreme Court Monday asked the Narendra Modi government (Centre) to file status report in six weeks on the confidential legal proceedings pending in the United Kingdom on extradition of fugitive businessman Vijay Mallya to India. The Centre had on October 5 told the apex court that Mallya cannot be extradited to India […]
Asked banks to pay difference in interest to borrowers: RBI to Supreme Court
NEW DELHI: The RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take “necessary actions” to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 […]
Shapoorji Pallonji Group formally seeks separation from Tata in Supreme Court
NEW DELHI: Shapoorji Pallonji (SP) Group has formally sought separation from Tata in the Supreme Court and argued that Tata Sons is effectively a two-group company. The Tata Group comprises Tata Trusts, Tata family members and Tata companies holding [ 81.6%] of the equity share capital, and the Mistry family owning the balance 18.37%. Tata […]
Common man’s Diwali in government’s hands:Supreme Court on loan moratorium
NEW DELHI: The Supreme Court on Wednesday told the Narendra Modi government (Centre) that the common man’s Diwali is in the government’s hands, as it sought implementation of the decision to waive interest-on-interest for loans up to Rs 2 crore for eight categories. The top court gave time till November 2 to the Centre to […]
Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to Supreme Court
NEW DELHI: A loan moratorium exceeding six months might result in vitiating the overall credit discipline , which will have a debilitating impact on the process of credit creation in the economy, the Reserve Bank of India has told the Supreme Court. In an affidavit filed in the apex court in the loan moratorium case, […]
Secret proceedings on in Vijay Mallya case in UK, delaying extradition: Centre to Supreme Court
NEW DELHI: The Narendra Modi government (Centre) on Monday informed the Supreme Court that beleaguered business tycoon Vijay Mallya’s extradition case is over, but some “secret” proceedings is on in the UK and government is not a party to it, which is delaying his extradition to India. Solicitor General Tushar Mehta, representing the Centre, contended before […]
RJD MP moves Supreme Court, says farm laws violate Constitution
NEW DELHI: Rashtriya Janata Dal (RJD) MP Manoj Jha has moved the Supreme Court to challenge the constitutional validity of the new agriculture-related laws. “The Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, The Farmers’ Produce Trade And Commerce (Promotion and Facilitation) Act, 2020 and The Essential commodities (Amendment) Act […]
Offered Rs 14, 000 crore to banks as settlement: Vijay Mallya’s UB tells Supreme Court
NEW DELHI: Fugitive liquor baron Vijay Mallya’s United Breweries (Holding) Ltd on Wednesday told the Supreme Court that it had offered over Rs 14,000 crore to various banks to settle its dues and that the company’s assets exceeded its total debt. Senior advocate C.S. Vaidyanathan, appearing for United Breweries, submitted before a bench comprising Justices […]
Decision in 2-3 days over interest on deferred instalments by banks, Modi government tells Supreme Court
NEW DELHI: The government of India (Centre) informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the COVID-19 pandemic. The top court asked the Centre to bring the decision on record and […]
Airline ticket refund: DGCA tells Supreme Court that tickets booked during lockdown are entitled for refund
NEW DELHI: Airline ticket refund, DGCA, Supreme Court, Coronavirus lockdownThe Directorate General of Civil Aviation (DGCA) has informed the Supreme Court that people who had booked air tickets during the lockdown are entitled to immediate refunds. The DGCA also clarified that in case of tickets booked prior to the lockdown up to May 24, the […]
Centre to Supreme Court: No removal of 48,000 jhuggis along rail tracks for now
NEW DELHI:The Centre on Monday informed the Supreme Court that for the time being there will be no removal of 48,000 slums along the railway tracks in Delhi. Solicitor General Tushar Mehta, representing Centre, submitted before a bench headed by Chief Justice S.A. Bobde that the Railways, urban development ministry and Delhi government will sit […]
BJP to raise removal of 48,000 slum dwellings along rail tracks during Delhi Assembly session
NEW DELHI:The BJP MLAs will raise the issue of removal of 48,000 slum dwellings along the railway tracks in the national capital during the one-day session of the Delhi Legislative Assembly on September 14, Leader of Opposition Ramvir Singh Bidhuri said on Saturday. BJP legislator O P Sharma demanded that the session should be extended […]
AAP will provide homes to those displaced, if Centre can’t: Raghav Chadha
NEW DELHI: Aam Aadmi Party (AAP) spokesperson Raghav Chadha on Friday said that if the Central government is not able to provide houses to everyone then AAP will. He said that the Arvind Kejriwal government has written a letter to the BJP-led Central government demanding a pucca house (dwellings designed to be solid and permanent) […]