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In a world where everything appears to be undergoing a digital transformation and AI continues to provide innovative ways to disrupt the norm, it’s kind of reassuring that some of the old ways are still winning.

flat from renowned builders, it's generally expected that they will adhere to the agreed payment schedule. However, a non-resident Indian (NRI) residing in London encountered an unfortunate situation with Godrej Properties. The builder requested 60% payment for the flat almost six months before the initially proposed deadline in December 2017. Unable to meet the new deadline, the NRI's flat booking was cancelled in March 2018 by the builder, who allegedly forfeited the NRI's Rs 97 lakh advance payment. Despite the NRI's plea to not cancel the booking, the builder asked for Rs 3.17 lakh as reinstatement fees and Rs 9 lakh as interest in April 2018. The NRI did not agree to the above terms and asked the builder to refund Rs 97 lakh he had already paid when the agreement for sale was registered in 2016. However, the builder refused to pay any money and cited legal terms and conditions. It was later proved in MahaRERA courts that after cancelling the NRI's flat booking, the builder resold these flats to another person for 'substantially' more money. «The Promoter forfeited the amount of Rs 56,66,800/- as per Clause 13(6) of the agreements for sale and did not refund the balance amount,» alleged the NRI in MahaRERA.

district court in Pune has dismissed an application filed by the US fast-food major Burger King Corporation (BKC) to restrain its local namesake from using the trademark ‘Burger King’ In an over 13-year-old case, district Judge Sunil G. Vedpathak, while dismissing the US fast-food major’s petition also dismissed the counterclaim filed by the Pune-based firm. “Admittedly plaintiff (BKC) has registered its trade mark Burger King under class 42 pertaining to restaurant services as of October 6, 2006. So, considering the fact that defendants are prior users of the trademark in question, I am of the opinion that the plaintiff has no cause of action to seek relief of perpetual injunction,” said the court in his 57-page order. “Thus, in the absence of cogent evidence, I find that the plaintiff is not entitled to damages, rendition of accounts and the relief of perpetual injunction,” it further added.

Burger King Corporation has lost a 13-year-old legal battle against its namesake eatery in Maharashtra's Pune after a district court dismissed a suit filed by the company alleging trademark infringement. Pune district judge Sunil Vedpathak, in the order on August 16, said the city-based eatery 'Burger King' was operating even before the US burger joint opened shop in India and that the latter failed to prove the local food outlet had infringed its trademark. The court dismissed the 2011 suit filed by the Burger King Corporation, seeking a permanent injunction restraining infringement of trademark, passing off (the trademark as theirs), as well as monetary damages. The suit, filed against Anahita Irani and Shapoor Irani, owners of the Pune-based Burger King food joint, also sought Rs 20 lakh as damages.

Trinamool Congress (TMC) leader Mahua Moitra including her residence in West Bengal in connection with the alleged cash-for-query case, said officials. Teams of the central probe agency reached Moitra's Kolkata residence and other cities on Saturday morning for a search operation, the officials said as quoted by PTI. They stated that CBI registered an FIR against the former TMC MP on Thursday on the directives of the Lokpal which has instructed the agency to file a report within six months.

In an eerie echo of the protectionist 1930s, globalization has been in retreat this decade amid a fast deepening geopolitical divide. This explains feeble expectations of anything multilateral. So too of the 13th ministerial conference of the World Trade Organization (WTO) being held in Abu Dhabi.

bankruptcy court in Mumbai has rejected an application filed against Indamer Mjets Airport Service Pvt Ltd to admit the company under the Corporate Insolvency Resolution Process (CIRP). New Delhi-based Dezire Group had approached the tribunal after the company defaulted on its alleged dues of over Rs 1.57 crore.

Acil Ltd, despite an overwhelming number of creditors with a majority vote of 88.56% approving it in August 2019. While asking the NCLT to pass appropriate orders in terms of its Tuesday’ judgment on giving nod to the Ramkrishna Forgings' approved resolution plan within three weeks, a Bench led by Justice Vikram Nath said there was no occasion before the tribunal “to be swayed only on the per se ground that the hair-cut would be about 94.25% and that it was not convinced that the fair value of the assets have been projected in proper manner as the bid was very close to the fair value of the assets of Acil.” The apex court said “it is well within the Committee of Creditor’s domain as to how to deal with the entire debt of the corporate debtor.” If after repeated negotiations, a resolution plan had been approved by the CoC with a majority vote of 88.56%, such commercial wisdom was not required to be called into question or casually interfered with, it added. Lenders had voted in favour of Ramkrishna Forgings' taking over Acil at Rs 129.75 crore, translating into a 94% haircut to the Rs 1,762 crore of dues from the company.

Lux Industries jumped over 10% on Tuesday to the day's high of Rs 1,530 on the NSE following the Indian market regulator's decision to revoke the securities market ban imposed by it on 14 entities on account of alleged insider trading in the company. In a 10-page order by the Securities and Exchange Board of India (SEBI), the regulator said that the charges levelled against them could not be sustained. The 14 entities include Udit Todi, the son of the managing director of Lux, who is currently holding the post of executive director in the company, according to Sebi's order. In January 2022, SEBI, through its interim order had barred 14 entities from indulging in insider trading and ordered impounding ill-gotten gains of Rs 2.94 crore in the matter.

Indian Army deliberated on the Russia-Ukraine war and Israel-Hamas conflict at a five-day conclave to draw relevant lessons besides focusing on ways to make the force «future ready» in line with with emerging contours of threats and challenges. The situation along the Line of Actual Control (LAC) with China and ways to enhance the Army's combat readiness to deal with any contingencies also figured at the Army Commanders' Conference that took place in Delhi from October 16 to 20.

Indian Army has been cashiered from service and sentenced to five years' rigorous imprisonment after being found guilty of sexual assault on a minor. In a rare case of conviction under the provisions of the Protection of Children from Sexual Offences (POCSO) Act, the court martial found him guilty in an incident that took place in January 2022. The officer was posted at a unit in Delhi when a complaint was registered against him for sexual harassment of a minor daughter of a domestic help who was residing in the servants' quarter.

CBI by a special court in its order discharging former telecom secretary Shyamal Ghosh and three telecom firms in the 2002 additional spectrum allocation case. The high court said the Central Bureau of Investigation (CBI) is the premier investigating agency of the country, and any observation or remark which does not have substantive basis will «demoralise» the entire agency. «The law as discussed… makes it clear that the function assigned to investigating agency is very sensitive in nature,» Justice Dinesh Kumar Sharma said. He said the record showed that the special court, before making such remarks, gave no opportunity to CBI officers to defend themselves. «In any case, the order of discharge has not been challenged by the CBI as recorded by the special judge.

petition challenging his election was filed before the Karnataka High Court on Thursday. The Court recorded the submissions made and adjourned the hearing to October 6. «The election petition filed by the petitioner lacks legal merit and factual basis.

Karnataka chief minister Siddaramaiah on Thursday filed a statement of objections before the Karnataka High Court on a petition challenging his election. “The election petition filed by the petitioner lacks legal merit and factual basis.

Narendra Modi's achievements since 2014. In «Modi: The Challenge of 2024 — The Battle for India», author Minhaz Merchant draws on his meetings with Modi since 2012 to decode the prime minister's thinking on economic reforms, geopolitics, secularism and democracy ahead of what could be a historic 2024 Lok Sabha election. The book, published by Amaryllis, also examines whether the Opposition's strategy to present a united front can derail the BJP's juggernaut. Merchant insists this book is not a biography of Modi. «It focuses on Modi's first two five-year terms as prime minister.

A new report is a further call to action for fund managers who are lagging on providing exchange-traded funds as advisor and client demand grows.  

Plastic waste, in particular, is a key contributor to the surge in waste due to its widespread use across industries and the short lifespan of plastic products. Plastic consumption across the world has quadrupled over the past few decades, and global plastic waste is expected to nearly triple by 2060, according to the Organisation for Economic Co-operation and Development.

Enforcement Directorate in a money laundering case in connection with the Maharashtra State Cooperative Bank (MSCB). The case pertains to an alleged scam in the Sahakari Sakhar Kharkhana (cooperative sugar factories) and Sahakari Soot Girnis. “A loan of ₹826 crore given by Pune District Central Cooperative Bank and other banks for a mortgaged property of Jarandeshwar SSK Ltd goes to prima facie show that the assets of Jarandeshwar SSK were acquired by the close associates of Ajit Pawar at throwaway prices," the court said.

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MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, has proposed allocating an additional $750 million to invest in U.S Treasury bonds in order to capitalize on a favorable yield environment. The resolution, if passed, would add $750 million to the $500 million already approved in October 2022, bringing the total value to $1.25 billion.

Leading DeFi platform MakerDAO [MKR] has proposed changes to some of its vaults, in a bid to better align them with risk and incentivize growth. This move comes as borrowing rates on MakerDAO and other DeFi platforms have risen in recent months due to market bullishness and the surge in risk appetite.