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State Bank of India and Indian Overseas Bank, seeking recovery of their dues, the Supreme Court on Tuesday dismissed their petitions seeking a review of its earlier judgement that statutory creditors like tax authorities and government agencies would be considered secured creditors under the Insolvency and Bankruptcy Code (IBC). A Bench comprising justices Justices AS Bopanna and Bela M Trivedi while affirming its last year’s view said it had considered the waterfall mechanism and the other provisions of the Code before arriving at its decision for deciding the priority for distribution of sale proceeds of assets, etc. The case does not “fall under the ambit of review,” it said. On September 6 last year, the top court ruled that any insolvency resolution plan, approved by the financial creditors by ignoring the statutory demands payable to state and Central governments or other legal authorities, was liable to be rejected.

A bench of justices BR Gavai and Augustine George Masih had taken suo motu cognisance of the Allahabad HC ruling on Tuesday. «We are at pains to state that it shows total lack of sensitivity on part of the author of the judgement. It (the order by high court) was not even at the spur of the moment and was delivered four months after reserving the same. Thus, there was application of mind,» the bench verbally remarked. The bench further orally observed: «We are usually hesitant to grant stay at this stage. But since observations in paragraphs 21, 24 and 26 is unknown to canons of law and show an inhuman approach, we stay the observations in said paras.» Solicitor general Tushar Mehta said there are enough reasons to stay the order. «Some judgements contain reasons for staying them. It has the same,» Mehta added.

The Sex Lives of College Girls, as the third season of the hit comedy series is set to premiere on Max this Thursday, November 21. Set in the fictional Essex College in Vermont, the show continues to explore the lives of four college roommates as they navigate the challenges of school, love, and growing up. With the protagonists now in their sophomore year, this season promises a fresh set of adventures, more drama, and a deeper look into their personal growth.

Supreme Court has dismissed a batch of pleas seeking review of its judgment which held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes for granting reservation. A seven-judge Constitution bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai, Vikram Nath, Bela Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma said there is no error apparent on the face of the record. The top court also rejected applications for listing the review petitions in open court. Justice Trivedi, who had written a separate dissenting judgment in the case, was also part of seven-judge bench which dismissed the pleas seeking review of the majority verdict.

Supreme Court is scheduled to consider in-chambers on Tuesday a batch of pleas seeking review of its judgement which held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes, which form a socially heterogeneous class, for granting reservation. As per the cause list, a seven-judge Constitution bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai, Vikram Nath, Bela Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma is likely to take up the matter at 1.35 pm. On August 1, the top court had held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes, which form a socially heterogeneous class, for granting reservation for the uplift of castes that are socially and educationally more backward. The apex court, however, made it clear that states have to make sub-classification on the basis of «quantifiable and demonstrable data» of backwardness and representation in government jobs and not on «whims» and as a matter of "political expediency".

Supreme Court on Tuesday asked the Sahara group to submit a “scheme” for the sale of its immovable, domestic and offshore properties by Thursday. This is to raise money for refund of more than Rs 24,029 crore collected by its two entities — Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) — from 3.3 crore bond investors, with an interest of 15% from March 2008, as directed by the apex court in a series of orders since August 2012. A bench comprising Justices Sanjeev Khanna, Bela Trivedi and MM Sundresh told Sahara’s senior advocate Kapil Sibal that “more than 10 years have passed, and you still haven't deposited the money… SEBI is seeking the remaining Rs 10,000 crore. How will you muster the remaining Rs 10,000 crore?” Sibal said that Sahara group did not have a fair opportunity to sell its properties to pay the balance amount and no one wanted to “touch its properties.”

Supreme Court ruling on SC/ST reservations. The Reservation Bachao Sangharsh Samiti announced the Bharat Bandh as a mark of protest against the SC's ruling on SC/ST reservations. The Patna Police baton charged the people protesting in support of a day-long 'Bharat Bandh' on Wednesday against the SC's recent judgement. An atmosphere similar to lockdown is also being seen in Rajasthan's Bikaner district. The people from the SC/ST community are monitoring by forming groups to make the shutdown successful. The police administration is also keeping a close watch on the area with full alertness so that no unusual incident takes place. The SC/ST people took out a procession from Kote Gate to the collector's office.

Maddock Supernatural Universe, has captured significant attention this year. Directed by Aditya Sarpotdar, this horror-comedy drama features Abhay Verma and Sharvari in leading roles, alongside Mona Singh, Sathyaraj, and Suhas Joshi. The film, released on June 7, 2024, blends elements of horror, comedy, and drama, drawing from Indian folklore and mythology to weave its tale.

predicate offence does not mean that he cannot be prosecuted under the Prevention of Money Laundering Act (PMLA), the Supreme Court said on Friday while hearing a plea in a money-laundering case arising out of the alleged coal-block allocation scam. The observation came from a vacation bench of Justices Bela M Trivedi and Pankaj Mithal, which was hearing a petition filed by one Sudhir Gupta seeking quashing of an Enforcement Case Information Report (ECIR) against him and the subsequent proceedings arising out of it. The bench told advocate Vijay Aggarwal, who appeared in the court on behalf of Gupta, that the Enforcement Directorate (ED) ECIR could neither be quashed nor stayed. Aggarwal told the bench that the petitioner was arrayed as a witness in a related case lodged by the Central Bureau of Investigation (CBI), but the ED has made him an accused in the money-laundering case.

Supreme Court will hear on May 7 a plea filed by the Andhra Pradesh government challenging a high court order granting regular bail to TDP chief N Chandrababu Naidu in the skill development corporation scam case. The petition came up for hearing on Tuesday before a bench of Justices Bela M Trivedi and Pankaj Mithal which noted the counsel for the state has said they have filed an interlocutory application (IA) in the matter. It observed the said application does not appear to be part of the record. «In view of the above, the Registry is directed to do the needful. List the IA and the special leave petition on May 7, 2024,» the bench said in its order.

PTI reported. The ED produced K Kavitha before the Rouse Avenue court at the conclusion of her custody in the excise case. The central probe agency arrested the 46-year-old on March 15.

Netflix's series 'Ripley' is all set to release in April. Andrew Scott will play the titular role of Tom Ripley in the series. The makers have released a trailer on Netflix. «He's a liar. It's his profession,» Netflix stated in the caption. It is based on Tom Ripley novels by Patricia Highsmith. The show is directed by Steven Zaillian and has eight episodes. Ripley also features Johnny Flynn and Dakota Fanning in pivotal roles.

Lincoln Lawyer' Season 3 is all set to be released on Netflix and makers are expanding the cast by adding new members, as per a report is Deadline. Recently, Philip Anthony-Rodriguez, Allyn Moriyon, John Pirrucello, and Merrin Dungey. Meanwhile, Netflix said on Wednesday that producer Dan Lin would replace Scott Stuber as the streaming company's top film executive.

Supreme Court is scheduled to pronounce its verdict on Tuesday in a plea filed by former Andhra Pradesh Chief Minister Nara Chandrababu Naidu seeking to quash the FIR and criminal proceedings against him in the Skill Development scam case. Justices Aniruddha Bose and Bela M Trivedi will deliver the verdict on January 16 at 1 pm on a special leave petition filed by the Naidu against the Andhra Pradesh High Court's order of September 22, 2023, denying him relief. The top court had reserved the order on the plea for October 17, 2023. Naidu had approached the top court seeking quashing of the FIR and cited Section 17A of the Prevention of Corruption Act, 1988, to challenge his arrest by the Andhra Pradesh police's CID in a skill development scam.

West Bengal government to respond to an anticipatory bail plea filed by Union minister of state for home affairs Nisith Pramanik in connection with an attempt to murder case lodged against him in 2018. Issuing notice on Pramanik's plea, a bench headed by Justice Bela M Trivedi listed the matter for resumed hearing on January 12. The case is related to a Cooch Behar resident who was shot in 2018 allegedly at the behest of Pramanik. The police subsequently registered a criminal case against the Union minister on charges of attempt to murder and under relevant sections of the Arms Act.

Chief Justice of India DY Chandrachud unanimously held that Article 370 was a temporary provision and the President of has the power to nullify the special status of J&K under special circumstances. The verdict came under criticism from various jurists and legal professionals, who called it an attack on the federal nature of our Constitution, which is a part of its basic structure. While speaking on the Supreme Court's judgment in the same-sex marriage case, Justice DY Chandrachud said that he does not regret the decision as the outcome of a judgment is never personal to a judge, the PTI report said.

₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The company has a price band of ₹266-280 per share for the issue. Subscription: On the final day of bidding itself, the issue was subscribed 9.34 times by 11:10 am.

Also Read: Chanda Kochhar, husband bought ₹5.3 crore flat for merely ₹11 lakh: CBI tells court The CBI's action came in response to the Supreme Court's question as to why the agency was not objecting to the continuation of interim bail granted by the high court to Kochhar in January this year in the ICICI Bank-Videocon loan fraud case. Moreover, the apex court declined to entertain the plea of the former ICICI Bank Managing Director and CEO, Chanda Kochhar, seeking retirement benefits from the bank. Also Read: ICICI Bank loan fraud: CBI files charge sheet against Chanda Kochhar, husband Deepak Kochhar and Venugopal Dhoot The bench comprising of Justice Bela M Trivedi and Satish Chandra Sharma was hearing the special leave petition of CBI against an order passed by the Bombay HC.

Supreme Court on Thursday adjourned by eight weeks the hearing on pleas seeking reconsideration of its July 27, 2022 verdict, which had upheld the Enforcement Directorate's (ED) powers to arrest and attach property under the PMLA. A three-judge bench headed by Justice Sanjay Kishan Kaul deferred the hearing, which continued since Wednesday, after Solicitor General Tushar Mehta, appearing for the Centre, sought time to address the arguments raised by the petitioners in detail.

I meet the boy who delivers groceries. He tells me about a YouTube video where he has seen Lalu Prasad cook mutton curry for Rahul Gandhi. He says he likes to cook mutton curry, too.

Supreme Court has pulled up the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company after ten years of conducting an investigation for an alleged securities law violation. The case relates to the misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry against its officers on why the delay happened and submit its report. Securities lawyers said this is probably the first time the apex court has asked Sebi to hold an inquiry against its officers for inordinate delay in issuing show cause notices.