Lawstreet Journal

‘Securing My Square Inch Of Motherland’ Movement Launched By CAPSI
Nov 22 2019 Editor : Shreya Bansal 37 0
Central Association of Private Security Industry (CAPSI) and Association of Private Detectives and Investigators organised two day 14th Security Leadership Summit 2019 at PHD...
NCLT Initiates Insolvency Proceedings Against Aviva Life Insurance [Read Order]
Nov 12 2019 Editor : Shreya Bansal 6 0
The National Company Law Tribunal (NCLT), New Delhi Bench-V, on November 4, 2019, in the matter of Apeejay Trust v. Aviva Life Insurance Co. India Ltd., has initiated a...
Financial and Economic Development: India’s Voice At The UN General Assembly Debate
Oct 14 2019 Staff Reporter 77 0
Speaking at the 74th Session of United Nations General Assembly, General Debate of the Second Committee, Mr. Siddharth Malik (First Secretary) put forth certain points on economic...
Over 150 Crore Network18 Scam Exposed
Oct 19 2019 Staff Reporter 48 0
A startling discovery has been made today (October 18, 2019) revealing the abominable scam committed by Network 18 through its subsidiary company HomeShop 18. The scam involved a...
PMC Bank: RBI Increases Withdrawal Limit From Rs 1,000 To Rs 10,000
Sep 26 2019 Staff Reporter 34 0
In a major relief for Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India today (September 26, 2019) increased the withdrawal limit from Rs 1,000...
RBI Imposes Restrictions On PMC Bank For 6 Months; Only Rs 1,000 Per Account Can Be Withdrawn
Sep 25 2019 Staff Reporter 11 0
Throwing the lives of thousands of traders, self-employed and daily wage earners into disarray, the Reserve Bank of India (RBI) has ordered Punjab and Maharashtra Co-operative...
‘Settlement Against DRT Order’, NCLAT Orders Review Of Mcdonald's-Vikram Bakshi Settlement [Read Order]
Sep 23 2019 Staff Reporter 11 0
The settlement of a six-year dispute between McDonald’s India and Vikram Bakshi may be in jeopardy, as the National Company Law Appellate Tribunal (NCLAT) on September 18,...
NCDRC Directs Developer To Refund Money To Homebuyer Ruling That They Cannot Be Made To Wait Indefinitely For Possession [Read Judgment]
Sep 13 2019 Staff Reporter 90 0
The National Consumer Disputes Redressal Commission (NCDRC) on September 6, 2019, in the case of Alok Kumar v. M/S. Golden Peacock Residency Private Limited & Anr. has...
Forever 21 Bankruptcy: Retailer Says Reports Are Wrong, Company ‘Not Planning To File For Bankruptcy’
Sep 12 2019 Staff Reporter 46 0
Forever 21 says a report the retailer is set to file for bankruptcy is "inaccurate" and that it intends to continue operating the "vast majority" of its U.S. stores and a "smaller...
ED Files Money Laundering Case Against Rolls-Royce
Sep 10 2019 Staff Reporter 60 0
The Enforcement Directorate (ED) has registered a money laundering case against London-based Rolls-Royce Plc. and its subsidiary Rolls-Royce India Private Limited over alleged...
Realtor Unitech Asked To Clear ₹2,734 Crore Dues In 15 Days Or Lose Noida Land
Sep 06 2019 Staff Reporter 83 0
The Noida Authority has asked realtor Unitech Limited, India’s largest real estate builder, to clear its ₹2,743.29 crore dues within 15 days against the land allocated to...
In A First, NCLT Initiates Insolvency Proceedings On Homebuyer ' s Plea Against Builder For Defaulting Payment Of Refund [Read Judgment]
Aug 30 2019 Staff Reporter 99 0
The National Company Law Tribunal (NCLT) on August 20, 2019, for the first time after the Supreme Court upheld the right of homebuyers to approach the Tribunal as "financial...
Woman Complains Swiggy Of Sexual Harassment By Delivery Boy, Receives Sorry With Rs 200 In Reply
Apr 01 2019 Staff Reporter 62 0
Swiggy, the food delivery app has recently came under a lot of criticism for sending an apology and a coupon worth Rs 200 to a woman who complained of sexual harassment by a...
ED files a fresh chargesheet against liquor baron Vijay Mallya
Jun 19 2018 Editor : Shreya Bansal 33 0
The Enforcement Directorate (ED) on Monday (June 18th, 2018) filed a fresh chargesheet against liquor baron Vijay Mallya, including his two companies, i.e., United Breweries...
RBI Slaps Rs 26 Lakh Fine On Mobikwik, Hip Bar For Non-Compliance Of Regulatory Guidelines
Aug 01 2019 Staff Reporter 9 0
The Reserve Bank of India (RBI) has imposed a total penalty of around Rs 26 lakh on two online payment solutions providers Mobikwik Systems and Hip Bar.Gurugram-based payments...
NCLT Clears Way For Liquidation Of Moser Baer Solar
Jun 19 2019 Staff Reporter 2 0
The National Company Law Tribunal (NCLT) has recently ordered the liquidation of Moser Baer Solar as there were no takers for the Delhi-based company during the mandated 270-day...
Anil Ambani’s Reliance Marine Admitted For Insolvency Proceedings By NCLT Ahmedabad
Aug 27 2019 Staff Reporter 77 0
The National Company Law Tribunal (NCLT) Bench of Ahmedabad has admitted initiation of insolvency proceedings against 'RMOL Engineering and Offshore Ltd' (till recently known as...
Financial Creditor Cannot Challenge Insolvency Proceedings On Ground That It Has Superior Claim Over The Claim Of Other Financial Creditors: NCLAT
Aug 26 2019 Staff Reporter 18 0
The National Company Law Appellate Tribunal (NCLAT) on August 19, 2019, has dismissed an appeal filed by L&T Infrastructure Finance Company Ltd. while holding that a Financial...
Bangalore Court Restrains Cure.Fit From Launching Gym.Fit In Suit Filed By Book Your Game [Read Interim Order]
Aug 26 2019 Editor : Shreya Bansal 4 0
BookYourGame (BYG), a marketplace to discover and book fitness centres, has been granted an ex-parte interim injunction restraining the Mukesh Bansal cofounded Cure.fit from...
Gurugram Woman’s Threat To Jump Off Building After Being Fired Creates Panic Amongst Employers
Jun 01 2019 Staff Reporter 56 0
The news of a woman threatening to jump off her office building’s terrace in Gurugram after being fired from her job has created panic amongst the employers.The question as to...
CBI Books NDTV Promoters Prannoy Roy, Radhika Roy For Criminal Conspiracy, Cheating [Read FIR]
Aug 22 2019 Staff Reporter 20 0
The CBI on August 19, 2019, has lodged an FIR against NDTV promoters Prannoy Roy and Radhika Roy and others for alleged offences of criminal conspiracy and cheating, an allegation...
Flash Electronics Files Lawsuit Against Royal Enfield For Patent Violation
May 22 2019 Staff Reporter 70 0
Electric auto components maker Flash Electronics on May 20, 2019, filed a lawsuit against Eicher Motors' Royal Enfield for patent infringement in the US regarding the production...
Mcdonald's Faces 25 New Sexual Harassment Charges
May 22 2019 Staff Reporter 50 0
On May 21, 2019, the world's most recognizable brands McDonald’s Corp was accused in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and...
Bombay HC Allows Sale Of Sensodyne Toothpaste [Read Judgment]
May 20 2019 Editor : Shreya Bansal 63 0
The Bombay High Court on April 26, 2019, in the case of GlaxoSmithKline Consumer Healthcare Ltd and others v. The State of Maharashtra has...
Haldiram's Outlet In Nagpur Shut Down After 'Dead Lizard' Found In Vada Sambar
May 18 2019 Staff Reporter 83 0
A man allegedly found a dead lizard in a food item served at the snacks major Haldiram’s outlet in Nagpur, PTI reported.As per the report, the incident took place at the outlet...
Balaji VP Legal Priyanka Chaudhari Joins Netflix As Director And Senior Counsel - IP
May 18 2019 Staff Reporter 55 0
Balaji Telefilms vice president legal Priyanka Chaudhari on May 17, 2019, joined Netflix Entertainment Services India LLP as Director & Senior Counsel – Content...
No monopoly over ‘Chur Chur Naan’, ‘Amritsari Chur Chur Naan’ as they are generic: Delhi HC
May 18 2019 Staff Reporter 5 0
The Delhi High Court has held that there can be no monopoly over the terms ‘Chur Chur Naan’ and ‘Amritsari Naan’ as they are “completely generic”.The court said the...
Tech Mahindra Appoints Former HCL Senior Vice President - Legal Vineet Vij as Group General Counsel
May 18 2019 Staff Reporter 81 0
Tech Mahindra Limited has appointed Vineet Vij as its Global General Counsel from April 29, 2019. He will be responsible for the legal affairs of Tech Mahindra and all its group...
Khaitan, Trilegal lead on Spencer’s acquisition of Godrej’s Nature’s Basket for 300 crores
May 18 2019 Staff Reporter 44 0
Spencer’s Retail Limited, part of the RP Sanjiv Goenka Group’s retail flagship, is set to acquire 100% in Nature’s Basket Limited from its parent company, Godrej Industries...
Crisis In Indigo As Co-Founders In Dispute, Hire Law Firms
May 16 2019 Staff Reporter 33 0
The Indian aviation sector seems to be again in turbulence as IndiGo founders, Rahul Bhatia and Rakesh Gangwal, are in dispute over the airline's expansion strategies.As per...
Deepika Padukone Invests In Yogurt Brand Epigamia
May 15 2019 Staff Reporter 55 0
Bollywood actress Deepika Padukone has invested in Drum Foods International Pvt. Ltd, the maker of the famous flavoured and greek yogurt brand Epigamia, as part of a strategic...
CAPSI and SPUP Sign MoU to Introduce ‘B.A in Security Management’
May 14 2019 Staff Reporter 81 0
Central Association of Private Security Industry (CAPSI) on Thursday (May, 9th 2019) signed a Memorandum of Understanding (MoU) with Sardar Patel University of Police, Security...
Chanda Kochhar appears before Enforcement Directorate
May 13 2019 Staff Reporter 39 0
On Monday 13th May, 2019 Former ICICI Bank CEO Chanda Kochhar appeared before Enforcement Directorate in connection with a bank loan fraud and money laundering case which was...
Reliance Industries’ subsidiary acquires iconic British toy retailer Hamleys
May 10 2019 Staff Reporter 31 0
Reliance Brands Ltd, a subsidiary of Reliance Industry Ltd., acquired British toy retailer Hamleys for £67.96 million (about ₹620 crore) in an all-cash deal, the...
SC asks Central Government to consider taking over Unitech to complete unfinished projects
May 10 2019 Staff Reporter 29 0
A day after declaring that Amrapali’s housing projects will be handed over to Noida and Greater Noida authorities for completion, the Supreme Court on Thursday (May 09, 2019)...
McDonalds buys out Vikram Bakshi; temporarily shuts 165 outlets
May 10 2019 Staff Reporter 74 0
McDonalds has decided to temporarily shut down 165 of its outlets in north and east India after finally ending its six-year-long bitter battle with its Indian franchise partner,...
Bar Council of Delhi Bars Big Four Accounting Firms From Practicing Law
May 03 2019 Staff Reporter 43 0
Acting on a complaint filed by Society of Indian Law Firms (SILF), the Bar Council of Delhi (BCD) has directed the Big Four Accounting Firms – KPMG, Price Water House...
PepsiCo Sues Farmers For Growing Lays Variety Potatoes, Hearing Today
Apr 26 2019 Staff Reporter 40 0
Multi-billion dollar conglomerate PepsiCo has last week sued nine Gujarati farmers, asking them to pay ₹1.05 crore each as damages for ‘infringing its rights’ by growing the...
Fraud Cannot Be A Ground To Reject Corporate Insolvency Resolution Process: NCLAT [Read Judgment]
Aug 20 2019 Staff Reporter 63 0
The National Company Law Appellate Tribunal (NCLAT) on August 6, 2019, in the case of Shobhnath & Ors. v. Prism Industrial Complex Ltd. has held that fraud cannot be a ground...
Apple And Qualcomm Agree To Settle Billion-Dollar Lawsuit
Apr 18 2019 Staff Reporter 89 0
Apple and American microchip manufacturer Qualcomm have agreed to drop all litigations between the two companies worldwide.As per reports, the two firms have agreed to a six-year...
Lawyer Files Application In NCLT To Initiate CIRP; Corporate Debtor Concedes [Read Judgment]
Aug 20 2019 Staff Reporter 100 0
The National Company Law Tribunal (NCLT) on September 27, 2018, in the case of Naveen Malhotra v. M/S VTL (India) Limited has admitted an application filed by an advocate under...
Consumer Forum Imposes Rs 9000 Fine On Bata For Asking Customer To Pay Rs 3 For Paper Bag
Apr 15 2019 Staff Reporter 46 0
A Chandigarh consumer forum has recently imposed a fine of Rs 9,000 on Bata India Limited for asking a consumer to pay Rs 3 for a paper bag.The forum observed that there was...
L’Oreal Owes California Startup $91 Million For Stealing Its Trade Secrets
Aug 14 2019 Staff Reporter 88 0
L’Oreal SA is to pay a California-based startup $91.4 million for stealing its trade secrets, breaching a contract and infringing two patents related to a popular system that...
Delhi HC Orders YouTube To Remove PewDiePie Songs Targeting T-Series And India [Read Order]
Apr 11 2019 Editor : Shreya Bansal 62 0
The Delhi High Court on April 8, 2019, in the case of Super Cassettes Pvt. Ltd v. Felix Arvid Ulf Kjellberg & Ors., has ordered YouTube to remove two songs published by...
Delhi HC Seeks RBI Response On Plea Claiming Google Payment App Operating Without Authorisation
Apr 10 2019 Staff Reporter 79 0
The Delhi High Court today (April 10, 2019) issued notice to Reserve Bank of India (RBI) to seek its response on a plea claiming that the Google payment app is operating without...
Supreme Court Declares RBI's 12 Feb Circular On Bad Loan Resolution As Ultra Vires
Apr 02 2019 Editor : Shreya Bansal 98 0
The Supreme Court today (April 2, 2019) declared Reserve Bank of India (RBI) circular of February 12, 2018, relating to bad loan resolution as ultra vires.The judgment was passed...
Facebook Asks Supreme Court To Transfer WhatsApp Message Traceability Case Hearing To Another Court
Aug 13 2019 Staff Reporter 65 0
Facebook has filed a transfer plea in the Supreme Court pertaining to a lawsuit regarding the government's request for WhatsApp to enable traceability of its messages.According to...
Statutory Dues Of Companies Are Operational Debt: NCLAT [Read Judgment]
Mar 22 2019 Editor : Shreya Bansal 55 0
The National Company Law Appellate Tribunal (NCLAT) on March 20, 2019, has held that statutory liability, including income tax and value added tax dues, of debt-ridden companies...
Nirav Modi Arrested In London, To Be Produced In Court
Mar 20 2019 Staff Reporter 15 0
Fugitive Jeweler Nirav Modi has been arrested in London after a provisional arrest warrant was issued against him on March 18, 2019, by the Westminster Court. He will be produced...
Delhi HC Issues Notice To Centre, Delhi Govt On A PIL Demanding Salary, Benefits For Home Guards On Par With Police
Mar 14 2019 Staff Reporter 69 0
The Delhi High Court on March 13, 2019, converted a letter, demanding salary and other benefits for the home gauds on par with the police, into a Public Interest Litigation...
Police Arrests Two Fraudsters For Cheating Yash Raj Films
Mar 13 2019 Staff Reporter 11 0
The Mumbai Police have arrested two fraudsters who made lakhs of rupees by cheating Yash Raj Films as well as their regular costume supplier.The duo allegedly hacked the...
PNB Scam: ED Files Fresh Charge Sheet Against Nirav Modi
Mar 11 2019 Editor : Shreya Bansal 35 0
The Enforcement Directorate (ED) has filed a fresh chargesheet against Punjab National Bank (PNB) scam-accused Nirav Modi under the Prevention of Money Laundering Act, 2002,...
Volkswagen Scandal: NGT Slaps Rs 500 Cr Fine On Automajor For Cheating Emission Tests
Mar 07 2019 Staff Reporter 39 0
The National Green Tribunal (NGT) on March 7, 2019, slapped a cost of Rs 500 crore as damages on Volkswagen India.A Bench headed by NGT Chairperson Justice Adarsh Kumar Goel was...
NCLT Initiates Insolvency Proceedings Against Jeypore Sugar Company
Feb 28 2019 Staff Reporter 61 0
The Chennai Bench of National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against The Jeypore Sugar Company Ltd.The Bench was hearing a petition...
SC Lifts Ban On Painkiller Saridon
Feb 22 2019 Staff Reporter 99 0
The Supreme Court on February 21, 2019, lifted the ban imposed on the popular painkiller Saridon a healthcare product of Piramal Enterprises Ltd.The order came following a ban...
Insolvency Proceedings Can Be Closed Where Parties Have Settled The Matter Before The Constitution Of CoC: NCLAT
Feb 14 2019 Staff Reporter 21 0
The National Company Law Appellate Tribunal (NCLAT) on February 8, 2019, in the case of Mr. Ashish Garodia v. Impact Event Management & Anr., has asked the Kolkata Bench of...
Essar Steel Directors Move NCLT To Set Aside ArcelorMittal's Takeover Bid
Feb 05 2019 Staff Reporter 15 0
Essar Group director Prashant Ruia has recently moved a new application before the National Company Law Tribunal (NCLT) seeking to set aside ArcelorMittal's bid to take over the...
NCLAT Upholds JSW Steel’s Bid For Bhushan Power
Feb 05 2019 Staff Reporter 4 0
The National Company Law Appellate Tribunal (NCLAT) on February 4, 2019, has upheld the ₹19,300-crore bid placed by JSW Steel for the debt-ridden Bhushan Power & Steel...
UK Govt. Approves Vijay Mallya's Extradition To India
Feb 05 2019 Editor : Shreya Bansal 2 0
Less than two months after a UK court ordered liquor baron Vijay Mallya’s extradition to India, UK Home Secretary Sajid Javid on January 4, 2019, has signed the order for...
Edible oil, Vanaspati and Sugar Are 'Agricultural Produce': SC [Read Judgment]
Feb 04 2019 Editor : Shreya Bansal 60 0
The Supreme Court on January 24, 2019, in the case of Britannia Industries Ltd v. Bombay Agricultural Produce Marketing Committee & Anr. has held that "edible oil",...
Sahara group chairman Subrata Roy summoned by Supreme Court of India
Feb 01 2019 Staff Reporter 37 0
On Thursday, January, 31st 2019 Supreme Court of India ordered Sahara group chairman Subrata Roy to remain present in court on Thursday, February 28, 2019 to justify why no action...
Vijay Mallya: Property more than my bank dues attached
Feb 01 2019 Staff Reporter 57 0
On Friday, February, 1st 2019 Fugitive liquor baron Vijay Mallya claimed that his property worth over 13,000 crores have been attached, more than the ‘claimed' 9,000 crores that...
CBI Registers FIR In Chanda Kochhar Case
Jan 24 2019 Staff Reporter 41 0
The Central Bureau of Investigation (CBI) has registered an FIR in connection with the alleged irregularities in transactions between ICICI Bank, the Videocon Group and NuPower...
Reliance Industries To Bring Tiffany Stores To India
Aug 09 2019 Staff Reporter 77 0
India's Reliance Industries Ltd is partnering with iconic US-based luxury jeweller Tiffany & Co to open a line of stores in the country, adding yet another...
NCLAT Upholds Insolvency Proceedings Against Alok Infrastructure
Jan 19 2019 Editor : Shreya Bansal 89 0
The National Company Law Appellant Tribunal (NCLAT) on January 16, 2019, in the case of Ashok B. Jiwrajka, Director of Alok Infrastructure Ltd. v. Axis Bank Ltd. has upheld the...
NCLT Imposes Cost Of Rs 10 L On Tata Chemicals For Giving False Information In Insolvency Petition [Read Order]
Jan 17 2019 Editor : Shreya Bansal 70 0
The National Company Law Tribunal, Mumbai Bench, in a recent case of TATA Chemicals Limited v. Raj Process Equipments and Systems Private Limited has imposed a cost of Rs 10 lakh...
Creditor Can Proceed Against Corporate Guarantor Before Proceeding Against The Corporate Debtor: NCLAT [Read Order]
Jan 11 2019 Editor : Shreya Bansal 50 0
The National Company Law Appellate Tribunal (NCLAT) on January 8, 2019, has held that financial creditor can proceed against corporate guarantor even before proceeding against the...
CCI can probe Officers/Directors of a Company: Delhi HC [Read Judgment]
Dec 19 2018 Editor : Shreya Bansal 31 0
The Delhi High Court on December 18, 2018, in the case of Mahyco Monsanto Biotech (India) Pvt. Ltd. v. Competition Commission of India & Ors. has held that Officers or...
Advertisement Is A Facet Of Commercial Speech Protected By Article 19(1)(a): Delhi HC [Read Judgment]
Dec 19 2018 Editor : Shreya Bansal 9 0
The Delhi High Court on December 17, 2018, in the case of Horlicks Ltd. & Anr. v. Heinz India Pvt. Ltd. has held that advertisement is a facet of commercial speech which is...
Baba Ramdev’s Patanjali Asks Marijuana To Be Legalised In India
Jun 02 2019 Staff Reporter 13 0
After a few Indian politicians backed cannabis research and legalisation of marijuana in the country, Yoga Guru Ramdev’s Patanjali Ayurveda is now intensifying studies on the...
Zomato Announces 26 Weeks Paid Parental Leave For All Its Employees
Jun 04 2019 Staff Reporter 19 0
Online restaurant guide and food ordering firm Zomato on June 3, 2019, has announced 26-week parental leave for all its employees, both men and women.As...
Delhi Consumer Commission Orders McDonald’s To Pay Rs 70,000 For Insect In Burger
Jun 04 2019 Staff Reporter 9 0
The Delhi State Consumer Disputes Redressal Commission confirming the order passed by a district forum has directed McDonald’s India food outlet to pay Rs 70,000 compensation to...
Lok Sabha Passes Transgender Persons Bill [Read Bill]
Dec 18 2018 Staff Reporter 59 0
The Lok Sabha today i.e., December 17, 2018, passed the Transgender Persons (Protection of Rights) Bill, 2016, that provides for protection of rights of transgender persons by...
Kotak Bank Moves Bombay HC Against RBI Over Promoter Shareholding Dispute
Dec 11 2018 Staff Reporter 7 0
Kotak Mahindra Bank has moved the Bombay High Court after the Reserve Bank of India (RBI) rejected its bid to issue preference shares for reducing promoter stake.The bank has to...
CBI Can Bring Mallya Back To India
Dec 10 2018 Editor : Shreya Bansal 71 0
UK Court Extradites Liquor Baron Vijay Mallya.A court in the U.K. today i.e., December 10, 2018, has ordered the extradition of fugitive billionaire Vijay Mallya to India.The...
Delhi HC To Adjudicate Trademark Infringement Suit Filed By Delhi-Based Kake-Da-Hotel [Read Order]
Dec 10 2018 Editor : Shreya Bansal 38 0
The Delhi High Court has agreed to adjudicate a trademark infringement suit brought by Delhi’s famous food outlet “Kake-Da-Hotel” on whether the word ‘Kaka’ or...
NCLT dismisses HDFC Plea For insolvency Proceedings against RHC Holding
Dec 07 2018 Editor : Shreya Bansal 4 0
The Principal Bench of the National Company Law Tribunal on December 6, 2018, has dismissed HDFC Ltd’s insolvency plea against Malvinder and Shivinder Singh owned RHC Holding...
Cyberattacks Cost Indian Firms $10.3 mn On An Average: Study
Dec 06 2018 Staff Reporter 36 0
Cyberattacks on large-sized organisation in India incurs an average of $10.3 million in economic losses, revealed Frost and Sullivan study commissioned by Microsoft.Whereas...
‘You Are Worst Kind Of Cheater’: SC Orders Attachment Of Amrapali’s 5-Star Hotel, Malls
Dec 06 2018 Staff Reporter 94 0
The Supreme Court on December 5, 2018, calling realty major Amrapali Group the “worst kind of cheater in the world” has ordered the attachment and sale of Amrapali Group’s...
‘Corporate Insolvency Resolution Process’ Can Be Initiated Jointly Against Two Corporate Debtors: NCLAT [Read Judgment]
Dec 03 2018 Editor : Shreya Bansal 19 0
In a significant ruling the National Company Law Appellant Tribunal in the case of Mrs. Mamatha v. AMB Infrabuild Pvt. Ltd. & Ors. has held that ‘Corporate Insolvency...
IndiaBulls Moves Supreme Court Seeking Urgent Listing Of Plea Filed Against It [Read Order]
Aug 06 2019 Staff Reporter 5 0
IndiaBulls Housing Finance Ltd (IHFL) on June 12, 2019, moved the Supreme Court seeking urgent listing of a plea which alleged that it misappropriated Rs 98,000 crore of public...
SEBI Bars Prannoy And Radhika Roy From Securities Market For Two Years For Fraud Against NDTV [Read Order]
Jun 15 2019 Staff Reporter 4 0
The Securities and Exchange Board of India (SEBI) on June 14, 2019, has barred the promoters of New Delhi Television Ltd (NDTV) - RRPR Holdings Pvt. Ltd, Prannoy Roy and Radhika...
1984 Anti-Sikh Riots: Death Penalty For One Convict, Life Imprisonment For Another
Nov 20 2018 Editor : Shreya Bansal 55 0
The Patiala House Court Delhi on November 20, 2018, amid tight security outside the court, pronounced the quantum of sentence in the 1984 anti-Sikh riots case. While death penalty...
Essar Steel Case: GAIL, GETCO Move NCLT Against ArcelorMittal Bid
Nov 20 2018 Editor : Shreya Bansal 44 0
GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved to National Company Law Tribunal (NCLT) Ahmedabad bench seeking rejection of ArcelorMittal’s ₹42000 crore...
Supreme Court Stays Rs. 420 Cr Penalty Imposed By CCI On Hyundai [Read order]
Nov 19 2018 Editor : Shreya Bansal 66 0
The Supreme Court on November 16, 2018, stayed a penalty of ₹420.26 crore imposed by the Competition Commission of India (CCI) on car manufacturer Hyundai Motor India Ltd for...
Security Skills And Leadership Summit 2018: Enlightening Discussions And Powerful Decisions For PSI
Nov 18 2018 Editor : Shreya Bansal 54 0
The national capital on November 15, 2018, witnessed the launch of Security Skills and Leadership Summit-2018, 13th Annual Conference of Central Association of Private...
Belgium’s Insurance Giant Ageas International To Acquire 40% Stake In Royal Sundaram
Nov 15 2018 Staff Reporter 66 0
Ageas International, a multinational insurance company, signed an agreement on Wednesday i.e. November 14, 2018, with Royal Sundaram General Insurance Company, according to which...
Build Traceability To Find The Origin Of Messages That Lead To Serious Crimes: Govt. Tells WhatsApp
Nov 01 2018 Editor : Shreya Bansal 81 0
The Central government on October 31, 2018, said that it does not want the messaging app WhatsApp to “decrypt and read” messages sent on its platform but “insists” that...
SAT Stays SEBI Order Banning NDTV Promoters From Securities Market; Next Hearing On Sep 16 [Read Order]
Jun 19 2019 Staff Reporter 58 0
The Securities Appellate Tribunal (SAT) on June 18, 2019, stayed an order passed by the Securities and Exchange Board of India (SEBI) barring New Delhi Television Ltd. (NDTV)...
CBI Registers FIR Against Lawyers Collective, Anand Grover For Alleged FCRA Violations [Read Statement]
Jun 19 2019 Staff Reporter 69 0
The Central Bureau of Investigation (CBI) has registered an FIR against Lawyers Collective (LC), its president Anand Grover and unknown office bearers for alleged violation of the...
Law firm Cyril Amarchand Mangaldas Withdraws Report That Gave Clean Chit To Chanda Kochhar
Oct 24 2018 Staff Reporter 41 0
In an unusual move, Law Firm Cyril Amarchand Mangaldas has withdrawn its 2016 report that had given a clean chit to former ICICI Bank chief executive Chanda Kochhar with regard to...
Mumbai Customs Seizes Parcels Of Shein And Club Factory’s Over Tax Evasion
Jun 21 2019 Staff Reporter 96 0
In a major crackdown on Chinese e-tailers, Mumbai customs has seized around 500 parcels of apparel and lifestyle e-tailer Shein and sealed its warehouse situated in the city.As...
Three Directors Of Amrapali Group Sent To Police Custody [Read Order]
Oct 10 2018 Editor : Shreya Bansal 26 0
The Supreme Court on October 9, 2018, has sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to...
Excise Department Busts Illegal “Boiler Room” Party At The Basement Of The Lalit Hotel, Delhi
Jun 25 2019 Staff Reporter 82 0
The Delhi government’s Excise department on June 23, 2019, raided a ‘Boiler Room party’ organised at The Lalit Hotel on Barakhamba Road, as the organisers failed to procure...
Aligarh’s ‘Kachori’ Seller, With Rs 70 Lakh Annual Turnover, Gets Notice For Tax Evasion
Jun 25 2019 Staff Reporter 73 0
A small outlet selling steaming and spicy ‘kachoris’ - a popular snack in Uttar Pradesh - in a narrow lane of Aligarh has left the commercial tax sleuths astounded.Following a...
Ravi Jaipuria’s Devyani International Buys 61 KFC Outlets In India
Jun 26 2019 Staff Reporter 14 0
Devyani International, the largest franchisee for Pizza Hut and KFC (Kentucky Fried Chicken) in India, has bought 61 more outlets of US-based Yum Brands’ KFC India for an...
Samsung Tablet Burns Hole In Bed Inches From Sleeping 11-Year-Old Boy
Jun 26 2019 Staff Reporter 51 0
A Samsung tablet reportedly overheated when left on charge for over nine hours, leading to its battery exploding and burning a deep hole through the bed on which it was kept.As...
Delhi HC Restrains Hoteliers Association From Boycotting OYO Rooms [Read Order]
Jun 27 2019 Staff Reporter 22 0
The Delhi High Court on June 19, 2019, in the case of Oravel Stays Private Limited v. Hotelier Welfare Association and Ors., has restrained the hoteliers welfare association from...
CAPSI Shares Platform With ASSOCHAM On Security Issues, Standards
Jun 28 2019 Staff Reporter 45 0
The dialogue with a view to strengthening the security measures back home and global standards was held to sign an MoU (Memorandum of Understanding) between CAPSI (Central...
L&T Acquires Majority Stake Of 51.8% In Mindtree In First Hostile Takeover In Indian IT Industry
Jun 28 2019 Staff Reporter 61 0
Engineering and construction major Larsen and Toubro has reportedly acquired majority control over Mindtree, by gaining 51.8% of shares in the Bengaluru-based IT company. This...
India Warns Foreign E-Commerce Firms Like Amazon, Flipkart Over Steep Online Discounts
Jun 28 2019 Staff Reporter 36 0
India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from...
All Coins Must Be Accepted As Legal Tender Says Reserve Bank Of India
Jun 28 2019 Staff Reporter 65 0
The Reserve Bank of India (RBI) on June 27, 2019, has asked the public to continue accepting coins of various denominations which are being pumped into circulation regularly.In a...
PwC Resigns As Auditor For Eveready Citing Inter-Group Transaction
Jul 01 2019 Staff Reporter 70 0
Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as the statutory auditor of Eveready Industries citing reservations on...
Union Minister Nitin Gadkari Proposes Alibaba Like Platform For MSME Sector
Jul 01 2019 Staff Reporter 95 0
Inaugurating the MSME Day 2019 celebrations and the second International SME Convention in New Delhi on June 27, 2019, Union Minister for Micro, Small and Medium...
Sterling Biotech Case: Actor Dino Morea, DJ Aqeel Summoned by ED
Jul 02 2019 Staff Reporter 72 0
The Enforcement Directorate (ED) has summoned DJ Aqeel and Bollywood actor Dino Morea for questioning in the Sterling Biotech alleged bank fraud and money laundering probe case,...
AB InBev Seeks $9.8 Billion For Asia Stake In World's Largest IPO Of 2019
Jul 03 2019 Staff Reporter 41 0
Brewing giant Anheuser-Busch InBev (AB InBev) is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong, marking what would be the...
Government Bans Vat 69 And Smirnoff Sale In Delhi.
Sep 21 2018 Editor : Shreya Bansal 33 0
Delhi People won’t be able to enjoy Vat 69 whisky and Smirnoff vodka for nearly two years as the Delhi government financial commissioner blacklisted the manufacturer United...
ICICI Bank Files Insolvency Plea Against JP Associates
Sep 11 2018 Editor : Shreya Bansal 76 0
An insolvency petition has been filed before the National Company Law Tribunal (NCLT) by ICICI Bank against Jaiprakash Associates.The Allahabad bench of NCLT on September 10th,...
PNB Scam: Interpol Issues Red Notice Against Nirav Modi’s Sister
Sep 11 2018 Editor : Shreya Bansal 77 0
The Interpol has issued a Red Notice against the sister of Nirav Modi, the mastermind behind the Punjab National Bank (PNB) fraud case.The Enforcement Directorate (ED) has alleged...
Suit Filed Against Apple For Patent Violation Over Low-Power Mode On iOS Devices
Jul 04 2019 Staff Reporter 26 0
Location Based Technologies (LBT) has sued Apple for an alleged patent infringement tied to the ‘low-power mode’ and ‘facedown detection’ features in iPhones and iPads.The...
Delhi High Court Issues Notice To RBI In A Plea Claiming PayPal Operating Illegally In India
Jul 05 2019 Staff Reporter 96 0
The Delhi High Court on July 3, 2019, issued notice to the Reserve Bank of India (RBI) and PayPal in a plea seeking to stop the allegedly illegal and unauthorized operations...
We Are Like Swiggy, Only Deliver Drugs: E-Pharmacies Claim In Delhi HC
Jul 05 2019 Staff Reporter 82 0
E-pharmacies on July 4, 2019, told the Delhi High Court that they are only delivering the medications akin to food-delivery app Swiggy and that they do not require a license for...
Consumer Forum Imposes Rs 55000 Fine On Zomato For Serving Chicken Instead Of Paneer
Jul 08 2019 Staff Reporter 30 0
A Consumer Court in Pune has recently slapped a Rs 55,000 fine on Zomato and a hotel for delivering non-vegetarian food instead of vegetarian to a city-based lawyer who was...
Delhi Bans Budweiser, Hoegaarden Maker-AB Inbev For 3 Years For Alleged Tax Evasion
Aug 01 2019 Editor : Shreya Bansal 51 0
The Delhi government has banned world's largest brewer Anheuser-Busch InBev from selling its beer in the capital for three years -- which means there would be no Budweiser and no...
Frauds On The Rise At Banks: 5,835 Cases Involving Rs. 410 Billion In 2017-18
Aug 30 2018 Editor : Shreya Bansal 26 0
The Reserve Bank of India (RBI) in its annual report released on August 29th, 2018, has warned that the number of cases of fraud reported by banks has increased both in terms of...
UK Watchdog Proposes To Fine Marriott $124 Million Over Starwood Data Breach
Jul 11 2019 Staff Reporter 96 0
Marriott International Inc. on July 9, 2019, revealed that the UK Information Commissioner's Office (ICO) had proposed to fine the hotel chain $124 million due to a...
Builders To Face Separate Trials On Victims’ Complaints: Delhi HC [Read Judgment]
Jul 12 2019 Staff Reporter 5 0
Builders who dupe thousands of homebuyers, or defraud investors by their Ponzi schemes, will now face multiple prosecutions in Delhi — based on complaints of individual victims...
Mumbai Special Court To Hear Vijay Mallya’s Case Under New Fugitive Law Today
Aug 27 2018 Editor : Shreya Bansal 93 0
As part of the first action initiated against the absconding businessman Vijay Mallya under the newly enacted fugitive economic offenders law – The Fugitive Economic Offenders...
Check NPA Frauds Or Face Action: Finance Ministry to PSB CEOs
Aug 23 2018 Editor : Shreya Bansal 77 0
The Finance Ministry in a recent warning to bankers has asked all the Chief Executive Officers of the Public Sector Banks (PSBs) to check the Non-performing Asset (NPA) accounts...
Supreme Court Orders Auction Of Unitech Directors’s Assets.
Aug 22 2018 Editor : Shreya Bansal 63 0
In a strong signal to defaulting real estate firms on Tuesday, August 21st, 2018, the Supreme Court of India has ordered a court-mandated committee to initiate an auction of...
U.K. Confirms Nirav Modi’s Presence in the Country, CBI sends Extradition Request
Aug 20 2018 Editor : Shreya Bansal 61 0
The United Kingdom has confirmed the presence of fugitive Nirav Modi in its territory, the main accused in the Punjab National Bank fraud case.After the confirmation, the Central...
Restaurant Made to Pay 30 Times over Service Charge as Compensation
Aug 20 2018 Editor : Shreya Bansal 17 0
A restaurant in Khan Market paid over 30 times the service charge amount as compensation to a customer who moved a consumer forum seeking directions for a refund of the service...
‘Don’t act smart or we will make you homeless’: SC to Amrapali
Aug 09 2018 Editor : Shreya Bansal 59 0
The Supreme Court on Wednesday, August 8th, 2018 slammed the real estate major, Amrapali Group which is accused of failing to hand over possession of flats to around 42,000 home...
Advertising Regulatory Reports 732 Complaints of Misleading Advertisements Regarding Herbal Medicines
Aug 08 2018 Editor : Shreya Bansal 87 0
On August 7th, 2018 the Minister of State for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH), Shri Shripad Yesso Naik in a written reply informed the Rajya...
Ramco Cements Ltd. to move SC against NCLAT July ruling
Aug 03 2018 Editor : Shreya Bansal 99 0
The Ramco Cements Ltd. is planning to move the Supreme Court against the July 25 order passed by the National Company Law Appellant Tribunal (NCLAT) dismissing the appeal made by...
Cafe Coffee Day Owner VG Siddhartha Dead, Body Found
Jul 31 2019 Staff Reporter 31 0
The body of Cafe Coffee Day founder V.G. Siddhartha, who had gone missing from Mangaluru on Monday night (July 29, 2019), was found by a fisherman in Hoige Bazaar, by the sea...
Another businessman trying to flee India: SEBI to Calcutta HC
Aug 02 2018 Staff Reporter 1 0
After a thorough investigation, Securities and Exchange Board of India (SEBI) told the Calcutta High Court that Alchemist Group chairman K D Singh is trying to siphon off money...
After West Bengal, GI Tag Granted To Odisha For Its Version Of Rasagola
Jul 30 2019 Staff Reporter 50 0
The bitter war over the rasagola ended in a draw on July 29, 2019, after the geographical indicator (GI) was granted to Odisha for the ‘Odisha rasagola’.The Chennai-based GI...
Illegal Coaching Centres Must Be Shut: Delhi High Court
Jul 30 2019 Staff Reporter 54 0
The Delhi High Court on July 29, 2019, directed the civic agencies to immediately crackdown on illegal coaching centres in the city stating that these institutes are “not doing...
India Accuses Deloitte Of Misreading Law In Challenging Government's Call For Ban
Jul 17 2019 Staff Reporter 46 0
The Indian government has accused the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu of misreading a key law by trying to avoid a...
NCLT Approves Patanjali's ₹4,350-Crore Revised Bid To Take Over Ruchi Soya
Jul 29 2019 Staff Reporter 11 0
The National Company Law Tribunal (NCLT) on July 25, 2019, has approved Patanjali's revised ₹4,350-crore bid to take over the edible oil maker Ruchi Soya, which...
MCA constitutes a 10-Member Committee to review the offences under the Companies Act, 2013
Jul 16 2018 Editor : Shreya Bansal 90 0
The Ministry of Corporate Affairs (MCA) on Saturday (July 14th, 2018) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, to review...
FSSAI Issues Strict Norms To Guide Use Of 'Trans-Fat Free' Tag
Jul 30 2019 Staff Reporter 11 0
An order-aligned with international food regulations -has been issued by the Food Safety and Standards Authority of India (FSSAI) to gradually eliminate industrial trans fat,...
Unitech Goes Amrapali Way, Supreme Court Asks NBCC To Complete 74 Projects
Jul 30 2019 Staff Reporter 82 0
Days after the Supreme Court entrusted NBCC with completing Amrapali projects, the PSU will now take up another troubled real estate giant Unitech's 74 projects affecting 17,000...
SC Cancels RERA Registration Of Amrapali; Asks NBCC To Complete Pending Projects
Jul 23 2019 Staff Reporter 85 0
In a major relief to thousands of homebuyers, the Supreme Court on July 23, 2019, cancelled the registration of real estate major Amrapali group under Real Estate (Regulation...
Pan-India Hotel Lobby Drags OYO To CCI Over Broken Promises
Jul 23 2019 Staff Reporter 84 0
The Federation of Hotels and Restaurant Association of India (FHRAI) has reportedly filed a complaint with the Competition Commission of India (CCI) against SoftBank backed...
Coffee Day Enterprises Shares Plunge 20% As Founder VG Siddhartha Goes Missing
Jul 30 2019 Editor : Shreya Bansal 22 0
Shares of Coffee Day Enterprises hit a lower circuit limit of 20 per cent in Tuesday’s (July 30, 2019) trade on reports founder V.G. Siddhartha has been missing since Monday...
NCLT dismisses Cyrus Mistry’s Petition saying there is no merit
Jul 09 2018 Staff Reporter 17 0
On Monday (July 9th, 2018) Mumbai Branch of National Company Law Tribunal (NCLT) dismissed the Petition filed by Cyrus Mistry against Tata Sons, Ratan Tata, and several others,...
Deadline To File I-T Returns Extended To August 31 [Read Order]
Jul 25 2019 Editor : Shreya Bansal 60 0
The Central Board of Direct Taxes (CBDT) on July 23, 2019, exercising its powers conferred under Section 119 of the Income Tax Act, 1961, has extended the due date for filing...
PMLA court issues a Non-bailable warrant against Mehul Choksi.
Jul 06 2018 Staff Reporter 100 0
The special court for the Prevention of Money Laundering Act in Mumbai has issued a Non-Bailable Warrant (NBW) against Mehul Choksi on the request of Enforcement Directorate.Five...
WIPO Copyright treaties get Cabinet nod
Jul 05 2018 Editor : Shreya Bansal 43 0
The Union Cabinet on Wednesday (July 4th, 2018) approved India’s accession to the World Intellectual Property Organisation (WIPO) Copyright Treaty and WIPO Performers and...
Snapdeal Founders Booked For Delivering 'Fake' Products
Jul 29 2019 Editor : Shreya Bansal 56 0
The Rajasthan police have registered a case against Snapdeal founders CEO Kunal Bahl and COO Rohit Bansal after a local Congress leader alleged that...
IndusInd Bank Acquires IL&FS subsidiary
Jul 03 2018 Staff Reporter 82 0
IndusInd Bank Limited (IBL) today has signed a definitive share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority...
Interpol issues Red Corner Notice against Nirav Modi
Jul 03 2018 Staff Reporter 73 0
CBI and enforcement directorate have succeeded in getting Interpol to issue a Red Corner Notice against fugitive businessman Nirav Modi wanted in PNB scam. The Red Corner Notice...
Supreme Court Refuses to Stay RBI’s Circular Regarding Prohibition on Dealing in Virtual Currencies [Read Circular]
Jul 03 2018 Editor : Shreya Bansal 6 0
The Supreme Court today (July 3rd, 2018) has refused to stay the Reserve Bank of India’s Circular that was issued on April 6th, 2018 banning banks and financial institutions...
10 Lakh Traders to Protest against Walmart-Flipkart Deal Today
Jul 02 2018 Staff Reporter 8 0
As Per Confederation of All India Traders on July 1st, 2018 nearly 10 lakh traders are to protest today (July, 2nd 2018) at about 1,000 places across the country against US retail...
Indian Money Stashed in Swiss Banks Rises 50 % to over ₹ 7000 crore in 2017
Jun 29 2018 Editor : Shreya Bansal 69 0
The Indian Money stashed in Swiss Banks rose over 50% to Swiss Francs (CHF) 1.01 billion (₹. 7,000 crore) in 2017 as per the official annual data released by Swiss National Bank...
PNB Scam: Mehul Choksi Moves Court Seeking Cancellation of Non-Bailable Warrant
Jun 28 2018 Editor : Shreya Bansal 11 0
On Wednesday (June 27th, 2018) Mehul Choksi, the promoter of Gitanjali Gems and one of the key accused in the multi-crore Punjab National Bank (PNB) scam case, moved a special...
Expensive food items in multiplexes, Bombay HC asks govt. why prices cannot be regulated.
Jun 28 2018 Editor : Shreya Bansal 0 0
On Wednesday (June 27th, 2018) the Bombay High Court asked the Maharashtra government why it could not regulate the prices of food items that are being sold at exorbitant rates in...
Delhi Government is taking steps to ban e-cigarettes
Aug 09 2018 Editor : Shreya Bansal 45 0
The Delhi Government has informed the Delhi High Court on August 8th, 2018 that it has initiated steps to ban the production, sale, and supply of e-cigarettes and initiatives are...
Fortis to initiate legal action against former founders
Jun 28 2018 Staff Reporter 75 0
Fortis Healthcare Board in its meeting on Tuesday (June 26th, 2018) which ended on Wednesday morning (June 27th, 2018) initiated legal action to recover about Rs. 445 crore of...
Amul Wins Legal Battle over Trademark
Jun 27 2018 Editor : Shreya Bansal 61 0
A commercial court in Vadodara granted a major victory to Amul, in a 20-year-old legal battle over its trademark that was going on with an Ahmedabad-based private diary.The court...
Court Grants Permission to Start Extradition Process against Nirav Modi
Jun 27 2018 Editor : Shreya Bansal 62 0
A Special Court in Mumbai on Tuesday (June 26th, 2018) granted permission to the Enforcement Directorate to start extradition of fugitive billionaire jeweler Nirav Modi in a money...
SEBI Favours Adjudication Proceedings against ICICI Bank and its CEO Chanda Kochhar
Jun 26 2018 Editor : Shreya Bansal 33 0
A preliminary examination conducted by Securities and Exchange Board of India (SEBI) has favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for...
Rs 20,000 Cr Naval Warship Deal: Complaint filed against Senior Indian Naval Officer
Jun 15 2018 Staff Reporter 48 0
Reliance Naval & Engineering Ltd has filed a complaint against a senior naval officer to the defence ministry for favouring its competitor, Larsen & Toubro, in a contract...
Union Cabinet Approves Raising of additional share capital of HDFC Bank
Jun 14 2018 Staff Reporter 61 0
On June 13th, 2018 the union cabinet chaired by Prime Minister Shri Narender Modi has approved the proposal of HDFC Bank Ltd to raise additional share capital. This raise in the...
Foreign Law Firms can advise Indian clients on ‘fly in and fly out’ basis but cannot set up offices in India
Mar 13 2018 Editor : Shreya Bansal 65 0
The Supreme Court on Tuesday held that Foreign Law Firms cannot set up their offices in India or practice in Indian Courts. But they can give advice to Indian clients on 'fly in...
Now avail GST refund at the airport
Jun 11 2018 Staff Reporter 49 0
Revenue Department is working on a mechanism to refund taxes to foreign tourist at airport when the tourist is leaving the country, for the payment made for local purchases.An...
President Promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018
Jun 07 2018 Editor : Shreya Bansal 11 0
The President Ram Nath Kovind on Wednesday (June 6th, 2018) gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018.The Ordinance provides...

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