Courts Financial News

National Company Law Appellate Tribunal (NCLAT) has allowed Sarda Energy & Minerals (SEML) to seek a final clearance from the bankruptcy court for its offer for SKS Power Generation, setting aside the lower court's order in October that had asked the committee of creditors (CoC) to reconsider its decision to award the 600 MW power producer to SEML. In a 51-page order, a two-judge bench comprising NCLAT chairman Ashok Bhushan and Arun Baroka, directed the National Company Law Tribunal (NCLT) to revive SEML's petition seeking approval for the deal within 60 days. The bench also kept the door open for competing bidders Torrent Power and Vantage Point Asset Management to file fresh appeals if they have new grounds for any challenge. «We have noticed that no opportunity was given to the successful resolution applicant (SEML), resolution professional and CoC… to obviate the delay in disposal of the matter,» the appellate tribunal said. It gave two weeks to SEML, resolution professional (RP) and the CoC to file their reply and other materials before the NCLT.

One of the more popular tax credits, claimed by more than five million Canadians annually, is the medical expense tax credit (METC), which provides tax relief for qualifying above-average medical or disability-related expenses incurred by individuals on behalf of themselves, a spouse or common-law partner, or a dependent relative.

The Supreme Court on Friday sought a response from the Election Commission of India (ECI) within a week on a plea by an NGO seeking a direction to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, reports Bar and Bench.

Nagaland People's Organisation (ENPO) on Friday rejected the Nagaland government’s appeal and stated that it remained firm on its decision of abstaining from participating in the Urban Local Bodies (ULB) elections, scheduled on June 26. ENPO Secretary W. Manwang Konyak said that they did not receive any written appeal and only saw in the media that the state government has made an appeal not to boycott the ULB polls.“We have to go by the decision of our grassroots level people and organisation. We would abstain from participating in the ULB polls,” Konyak said. After a cabinet meeting chaired by Chief Minister Neiphiu Rio, the Nagaland government on Thursday urged the ENPO not to boycott the vital ULB polls.

WASHINGTON—The Supreme Court began recording its oral arguments in 1955. Unfortunately, the court’s most celebrated case—Brown v. Board of Education—was decided in 1954, meaning there is no audio record of the hearing where the constitutionality of school segregation was argued, or the day 70 years ago when Chief Justice Earl Warren read from the bench his entire opinion declaring that, “in the field of public education, the doctrine of ‘separate but equal’ has no place." That historic near-miss long has frustrated Jerry Goldman, a Chicago law professor who spent decades cataloging, transcribing and publishing Supreme Court audio files on the educational website Oyez.org.

Delhi excise policy case, according to a report in legal news website Live Law. The Aam Aadmi Party, borne out of an anti-corruption campaign in 2012, becomes the first political party in India to be charged in a criminal case.

Also Read: SC rejects ED's objection to Arvind Kejriwal's statement 'vote for AAP, or will go to jail on Jun 2' “Arguments heard. Judgement reserved.

A Jefferies Financial Group risk manager wondered why her contact at Archegos seemed to be in such a rush to withdraw hundreds of millions of dollars in excess cash from its trading account. 

The way that the Consumer Financial Protection Bureau is funded has been ruled constitutional by the U.S. Supreme Court, overturning a previous decision by a lower court.

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard Liège and several other soccer clubs

Swati Maliwal presses assault charges against Delhi CM Arvind Kejriwal's PA News agency, PTI reported that according to the statement given to the police by Maliwal, she was sitting in the drawing room of the CM's residence when Kumar came and allegedly slapped her multiple times. The police have registered an FIR under sections 354, 506, 509, and 323 of the IPC, among other sections, for offences including assault or criminal force on a woman with intent to outrage her modesty, criminal intimidation, word gesture or acts of intent to insult and assault. Swati Maliwal case: ‘Why Kejriwal isn’t taking action against Bibhav?' She ran out of the CM's residence and called the police.

judgement of a Constitution bench would be "binding" on benches of lesser strength, the Supreme Court has said while recalling an April 2022 verdict delivered by it. In its order dated April 7, 2022, the apex court had held that a panchayat cannot claim ownership of the land which has been taken from the real owners from their permissible ceiling limits under the land law in Haryana. The apex court had consequently said panchayats can only manage and control the land which has been taken from the owners and cannot claim title. «It is pertinent to note here that for the land taken from the proprietors by applying pro-rata cut from the permissible ceiling limits of the proprietors, management and control alone vests with the panchayat but such vesting of management and control is irreversible and the land would not revert to the proprietors for redistribution as the common purposes for which land has been carved out not only include the present requirements but the future requirements as well,» it had said.

A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state's insurance commissioner to secure preferential regulatory treatment for his insurance business

President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers

Ghatkopar hoarding collapse: Bhavesh Bhide arrested by Mumbai Police At least eight teams of the Mumbai police were sent to various places to track him down. The Mumbai Police worked round the clock and deployed eight teams to track Bhinde. The authorities tracked him in Lonavala, Thane, and Ahmedabad before finally apprehending him in Udaipur.

Senior advocate Kapil Sibal was elected as the President of the Supreme Court Bar Association (SCBA) following the association's elections. Senior advocates Adish C Aggarwala, Pradeep Kumar Rai, Priya Hingorani, along with advocates Tripurari Ray and Neeraj Srivastava were also competing for the presidency. According to PTI sources, Sibal garnered more than 1,000 votes, while Rai received over 650 votes. Earlier, the top court directed that some posts in the executive committee of the SCBA be reserved for women members.

Miami-based investment company, which has also seen its airline in Australia grounded in recent weeks and faces a massive fraud lawsuit in New York. Belgian media reported that the court authorized the seizure of all 777 Partners's assets in the country, including Standard’s accounts and shares, as well as shares in Immobilière Standard de Liège, which owns the Maurice Dufrasne stadium. The court declined to comment when contacted by The Associated Press.

Bar and Bench, Pradeep Kumar Rai received 689 votes. This is the fourth time, Kapil Sibal will serve as the president of the SCBA. Sibal had announced his candidature for for the post of Supreme Court Bar Association (SCBA) president on May 8.

An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers

The Biden administration has proposed an end to new coal leasing from federal reserves in the most productive coal mining region of the U.S. The move announced Thursday would limit future climate-changing greenhouse gas emissions from burning the fuel

gave interim relief to Revanna till Friday, news agency PTI reported. The case of sexual harassment of 47-year-old house help was registered against Revanna and his son and MP Prajwal Revanna at the Holenarsipur town police station in Hassan district on April 28. HD Revanna had filed a bail application earlier in connection with the case.