Courts Financial News

Patna High Court L Narasimha Reddy on Tuesday withdrew from the one-man Commission of Inquiry set up by the Telangana government to look into the role of ex-chief minister K Chandrasekhar Rao in alleged irregularities in the power sector during his tenure. The top court, which was hearing the plea of the former Telangana chief minister alleging bias against the head of the inquiry panel, was informed by the counsel of Justice (retd) Reddy that he does not want to be part of the commission. A Supreme Court bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra took note of the submission and permitted the Congress-led state government to substitute Justice (retd) Reddy in the Commission of Inquiry.

The entire end-to-resolution process now is not online, but the application process is. Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises (FISME) said: "Arbitral awards given by the MSME facilitation councils are often appealed in higher courts, and the issue of delayed payments to MSMEs takes that much longer to be resolved." He further said that the the execution of arbitral award given towards MSMEs currently takes considerable time period which impacts the finances of these small businesses.

Usha Vance. The wife of Sen. JD Vance of Ohio, Donald Trump's newly announced running mate, certainly has the credentials. A corporate litigator at a prestigious San Francisco law firm, Usha Vance has clerked for Supreme Court Chief Justice John Roberts and Justice Brett Kavanaugh when he was an appeals court judge, and earned degrees from Yale and Cambridge. It's a conspicuous resume for a woman whose husband gave a speech in 2021 titled «The Universities are the Enemy,» and rarely missed a chance to bash the establishment as he campaigned for the Senate in 2022, as The New York Times previously reported.

Indian Oil Corp (IOC) received just two bids to build the country’s first green hydrogen plant at its Panipat refinery in Haryana, said two industry executives aware of the development. This is in response to the second tender for the project, the first having been scrapped amid accusations of preferential treatment. One of the two bidders, GH4India, is a joint venture owned equally by IOC, ReNew and engineering major Larsen & Toubro. GH4India was formed in FY23 for development of green hydrogen and its derivatives, including green ammonia and methanol, besides production and associated renewable assets. Repeat of Last Year

Several commercial fishermen in New England have been sentenced in a fraud scheme that centered on a critically important species of bait fish and that prosecutors described as complex and wide-ranging

Supreme Court verdict on the blockades erected by the Haryana government on Punjab-Haryana borders, even as they plan to intensify the stir. Samyukt Kisan Morcha (Non Political) and Kisan Mazdoor Sangharsh Morcha, the two organisations which have been leading the protests since February, said they have decided to postpone their "Dilli Chalo" call for the time being. The Punjab and Haryana High Court had directed the Haryana administration to remove blockades on Punjab-Haryana borders. However, the administration has now approached the Supreme Court against the high court order. The representatives of the two farmer organisations met at Shambhu border on Monday and decided to wait for the Supreme Court order.

A bench headed by Chief Justice of India (CJI) DY Chandrachud tagged the pleas with a similar plea filed by NTA earlier in which SC had already stayed proceedings before the high courts pertaining to NEET-2024. The petitions will come up for resumed hearing on Thursday. Last week, the Central Bureau of Investigation had submitted a status report of its investigation into the alleged irregularities in the NEET-UG to the apex court. The agency had submitted, in a sealed cover, the status report on its findings regarding the alleged exam paper leak in Bihar and the alleged irregularities in Gujarat and Rajasthan centres.

According to research from Hargreaves Lansdown, the use of Reddit for investment ideas among 18–34-year-olds has jumped from 17% in 2021 to 26%, and reliance on TikTok as a financial information source has increased from 12% to 20%. Meanwhile, gen Z and young millennials have simultaneously reduced their exposure to websites of financial companies when looking for information on stocks, bonds and funds. In 2021, 43% of 18–34-year-olds surveyed used financial websites, a number that sits at 29% three years later. Court date set in FCA 'Finfluencers' trial HL's head of money and mark...

₹76 lakh in the erstwhile Amrapali Group’s ‘HeartBeat City’ township in Noida. Parashar was supposed to get possession of his home in 2014 but the project stalled in 2013. In 2019, just before the pandemic, state-owned construction corporation NBCC (India) Ltd was appointed by the Supreme Court to take over the task of completing 24 projects of the group and eventually commenced the job.

anti-terrorism court here on Monday charged top Pakistan Tehreek-e-Insaf leader and former foreign minister Shah Mahmood Qureshi in a case involving the burning down of a police station during the May 9 violence last year. Qureshi, 68, who was brought to Kot Lakhpat jail here from Adiala jail in Rawalpindi under tight security, has several cases related to May 9 violence, including arson, filed against him at the Shadman police station. The court had summoned Qureshi to initiate indictment proceedings against him and ordered the prosecution to present witnesses in the next hearing scheduled for July 22. Qureshi, who was produced before ATC Judge Khalid Arshad, however, denied the charges.

For months now, thousands of consumers have been unable to access money they thought was safely deposited at banks. They are victims of the bankruptcy of a little-known venture-backed startup called Synapse Financial Technologies, whose shutdown is harming not only consumers but also fintech startups that worked with it, as well as the broader fintech sector. The situation, now in bankruptcy court, is bringing additional regulatory scrutiny to fintech, demonstrating risks for consumers who deposit money via nonbank financial services providers, and creating uncertainty for fintech venture investors and entrepreneurs.

Delhi High Court has allowed a 31-year-old woman to undergo medical termination of her pregnancy of over 32 weeks due to the foetus's abnormalities, which posed a substantial risk of physical and mental handicap. Justice Sanjeev Narula, allowing the woman's plea seeking permission to undergo an abortion, said the continuation of the pregnancy poses a significant risk to the petitioner's physical and mental health and is likely to result in the birth of a child with severe health issues. The judge, following a report given by the doctors of AIIMS, concluded that permitting the termination of the pregnancy was in the best interest of both the petitioner and the foetus. «In the opinion of the court, the diagnosis in the present case clearly qualifies as substantial foetal abnormality with substantial risk of physical and mental handicap,» the court said in its order passed on July 13.

The Sydney District Court has convicted the man behind the promotion of the now-defunct crypto exchange platform BitConnect. According to the nation’s corporate regulator, he was accused of providing unlicensed financial advice.

Supreme Court on Monday took note of a telecom firm's submission that its plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) related dues be listed for consideration. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra was urged by senior advocate Harish Salve, appearing for Vodafone Idea, that the petition needed consideration. The curative petition against the dismissal of earlier pleas seeking correction of alleged errors in AGR-related dues is yet to be listed before a bench, the telecom firm said. «I will see,» the CJI said and asked whether an email has been sent in this regard.

Supreme Court agreeing to consider a submission for setting up a constitution bench to hear pleas challenging the validity of passage of laws like the Aadhaar Act as money bills, and hoped a final verdict will come before CJI D Y Chandrachud retires in November this year. A bench comprising Chief Justice of India (CJI) Chandrachud and justices J B Pardiwala and Manoj Misra was urged by senior advocate Kapil Sibal, who also heads the Supreme Court Bar Association, that the pleadings are complete and the petitions needed to be listed for hearing. «I will take the call when I form the constitution benches,» the CJI said. In a post on X, Congress general secretary in-charge communications Jairam Ramesh said, «In the last ten years many Bills have been bulldozed through Parliament by having them declared 'Money Bills' under Article 110 of the Constitution. A good example of this is the Aadhar Act of 2016.» «I had challenged its declaration as a money bill in the Supreme Court, and in his dissenting judgment then the present CJI had called this declaration as a 'fraud on the Constitution'. I had challenged other instances as well,» Ramesh said.

Supreme Court on Monday agreed to consider listing a plea against a «scientific survey» of "Bhojshala", a medieval-era structure in Madhya Pradesh's Dhar district which both Hindus and Muslims claim as their own. A petition was filed in the top court by the Maulana Kamaluddin Welfare Society challenging the March 11 order of the Madhya Pradesh High Court for a «scientific survey» of the shrine to ascertain it belonged to which community. In its March 11 order, the high court order had directed the Archaeological Survey of India (ASI) to carry out a survey of the Bhojshala complex within six weeks. A bench of Justices Hrishikesh Roy and SVN Bhatti agreed to consider listing the matter after advocate Vishnu Shankar Jain, appearing for the Hindu petitioners, submitted that the ASI has already filed its report.

Imran Khan's Pakistan Tehreek-e-Insaf party for its alleged involvement in anti-state activities, it was announced on Monday. Information Minister Attaullah Tarar announced that the federal government has decided to ban the Pakistan Tehreek-e-Insaf (PTI), alleging that the former ruling party was involved in anti-state activities, The News International reported. Khan, 71, has been lodged at the Adiala Jail in Rawalpindi on account of multiple cases against him. Tarar said that clear evidence was available to impose restrictions on the Pakistan Tehreek-e-Insaf (PTI), and the government would initiate proceedings against the party.

Kate Middleton, Princess of Wales, was all smiles Sunday as she attended the men’s singles final at Wimbledon, widely known to be one of the sporty princess’ favourite athletic events.

Shannen Doherty, the Beverly Hills, 90210 star whose life and career were roiled by illness and tabloid stories, has died at 53.

The second phase of the civil trial against the National Rifle Association and its top executives is opening in New York

Adani Power, JSW Energy, Jindal Power, Vedanta Group, Torrent Power and state-owned NTPC are among 15 companies that have submitted formal expressions of interest (EOIs) for giving a resolution plan to take over the debt-laden Sinnar Thermal Power near Nashik in Maharashtra. The 1,350 MW power plant, a subsidiary of RattanIndia Power, was initially developed by Indiabulls Power. It is a rare power producer readily available in India where building a green field project is both time-consuming and costly. Bidders have till later this month to submit an initial resolution plan, which will include a ₹10 crore deposit, people familiar with the matter said.