Courts Financial News

Two new Federal Court decisions decided earlier this month demonstrate that some taxpayers continue to mess up when it comes to tax-free savings account contributions.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, alleged Hindenburg Group citing newly released Swiss criminal court records. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate. As per a report by Swiss media, Geneva Public Prosecutor's Office was investigating alleged wrongdoing by the Indian conglomerate Adani well before activist investors from Hindenburg Research made the first accusations.

European Union regulators say they’re investigating one of Google’s artificial intelligence models over concerns about its compliance with the bloc’s strict data privacy rules

Vermont U.S. Sen. Bernie Sanders has said he is prepared to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to show up at a hearing Thursday despite being issued a subpoena

A venture capital firm has closed a grant program for Black women business owners as part of a settlement with a conservative group that had filed a lawsuit alleging the program was discriminatory

Thailand’s new Prime Minister Paetongtarn Shinawatra, the daughter of former Prime Minister Thaksin Shinawatra, vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes

Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to confidential reports seen by Reuters. The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements and giving priority to certain listings. In a 1027-page report on Amazon and a separate 1,696-page report on Flipkart, both dated Aug. 9, the CCI investigators said the two companies were found to have created an ecosystem where preferred sellers appeared higher in search results, elbowing out other sellers.

Amid the explosion of legal gambling in the U.S., some things have remained off-limits, including betting on the outcome of U.S. elections

Royal Bank of Canada has appointed Katherine Gibson as its chief financial officer, months after terminating the contract of former CFO Nadine Ahn.

Adani Power and Dickey Alternative Investment Trust to continue to operate Coastal Energen's 1,200 MW-thermal power plant till the National Company Law Appellate Tribunal (NCLAT) decided various appeals against the approval granted to the resolution plan for the debt-laden firm. However, the apex court said that the Adani-Dickey consortium, the successful resolution applicant (SRA), would not dismantle the Coastal Energen’s power plant in Tuticorin, Tamil Nadu, or create any third party rights or create any financial obligations except in the ordinary course of business. The Bench led by Chief Justice D.Y. Chandrachud said that “prima facie, we are of the view that the September 6 order (of NCLAT) suffers from internal inconsistency. The first part indicates status quo ante has to be restored and the second part shows status quo has to be maintained as on date.”

NCLAT) has adjourned the case involving Glas Trust Co, which represents a group of US lenders to troubled edtech firm Byju’s, and its parent company, Think & Learn, to October 1. The matter was adjourned on Thursday as the Supreme Court is also hearing an appeal by Glas Trust, opposing a Rs 158-crore settlement arrived at between the edtech firm and the BCCI, alleging that the money paid by Byju Raveendran’s brother Riju Ravindran was tainted. The matter is likely to be heard on September 17. On August 14, the Supreme Court revived the insolvency case against Byju's, overturning a NCLAT decision that had quashed the bankruptcy proceedings and approved the settlement agreement with the BCCI.

CBI to inform it the reason behind the heavy waterlogging in Old Rajinder Nagar on July 27 when three civil services aspirants died after drowning in a flooded coaching basement. The co-owners of the basement — Parvinder Singh, Tajinder Singh, Harvinder Singh and Sarbjit Singh — had moved the high court last month for bail on the ground that they are merely the landlords of the basement which was let out on rental basis to the coaching centre and, therefore, they had no role whatsoever in the unfortunate event. «What was the reason on that day? Delhi has witnessed heavy downpours. Why so much waterlogging on that day? Was it the rain or something else,» questioned Justice Dinesh Kumar Sharma while hearing the bail pleas of the jailed co-owners of the basement.

Supreme Court on Thursday stayed National Green Tribunal order restricting the number of persons to 30 who can be part of a 'dhol-tasha' group involved in an idol immersion of Lord Ganesh. Let them do 'dhol-tasha', it is heart of Pune, said SC on staying NGT direction capping numbers in group performance during Ganesh festival. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra heard the case.

Indian Administrative Service (IAS) officer Puja Khedkar's response on a plea by the Union Public Service Commission (UPSC) seeking initiation of perjury proceedings against her for allegedly giving false statement and affidavit in the court. Justice Jyoti Singh issued notice to Khedkar on the UPSC's application and granted her three weeks to file reply to it. The court listed the matter for further hearing on November 26. The UPSC contended that the July 31 communication by which Khedkar's candidature was cancelled was communicated to her on her registered email id the same day. It said it was the same email id, which was registered in her online application for the Civil Service Program (CSP) 2022.

NCPCR) has raised concerns over the suitability of madrassas as educational institutions, stating that they do not provide comprehensive education. The child rights body submitted to the Supreme Court that the education offered in madrassas does not align with the Right to Education (RTE) Act and deprives children of essential educational entitlements.

Kevin Spacey, an American actor, is asking for $100,000 to vacate his Baltimore residence, even though the property has been sold to a new owner. Spacey's 9,000-square-foot, five-story condo, located in a gated community, was foreclosed on and sold at auction in July. The sale followed Spacey's financial difficulties due to limited work opportunities after #MeToo accusations. Real estate investor Sam Asgari purchased the property for $3.24 million. Asgari alleges Spacey’s demand for money to leave the property amounts to extortion. He stated, “He asked me for $100,000 to leave the property on November 17 and I said no but he said that was his final offer." Asgari is planning legal action, asserting that Spacey is overstaying and causing financial strain. Asgari claims the situation is costing him $40,000 monthly in fees, taxes, and utilities.

Humour in Court" on its official website. This section is designed to collect and share witty and memorable exchanges from courtrooms, offering an alternative glimpse into the typically serious environment of legal proceedings. The initiative was launched by Acting Chief Justice Manmohan, alongside two other innovative services—the Delhi High Court WhatsApp Services and the Delhi High Court e-Museum. Justice Rajiv Shakdher, who chairs the IT, AI, and Accessibility Committee, emphasized the significance of maintaining a lighter atmosphere in courtrooms. He noted that humor often emerges in legal proceedings and can offer a welcome break from the intense formality that often surrounds court cases. “This project is very close to my heart. Often, the history of times is revealed and recorded through these anecdotes. The judges who sat and the great lawyers who argued the matter are often recorded by way of these anecdotes," said Justice Shakdher during the launch. Justice Shakdher further explained that the platform would allow users to share courtroom anecdotes, provided they adhere to standard operating procedures (SOPs). He stressed that the anecdotes should not name individuals and must remain within boundaries of decency. “We need not be very sensitive and need to learn to laugh at ourselves,” he added, hinting at the need for both lawyers and judges to embrace the occasional levity of courtroom exchanges. He also mentioned that he had considered naming the initiative the «funny bone committee.»

RG Kar Medical College and Hospital, Sandip Ghosh, at Chinar Park in Kolkata to carry out a search operation. Further details are awaited. On September 10, a Central Bureau of Investigation (CBI) court remanded Sandip Ghosh and three others to judicial custody till September 23 in the RG Kar Medical College and Hospital financial irregularities case.

Previously, the apex court on Wednesday said it will set up a bench to hear subsequent pleas of mineral-rich states like Jharkhand seeking to recover royalty and tax dues on mineral rights and mineral-bearing lands worth thousands of crore of rupees from the Centre and mining firms. Read More: How Tata Steel and JSW Steel will be impacted by SC ruling on mining royalty