Courts Financial News

Supreme Court registrar hasn't accepted the government's plea for allowing the administrative allocation of spectrum in some special cases, marking a setback for the Centre. The apex court had ruled that frequencies had to be auctioned as they were a national resource in the 2G spectrum allocation case in 2012. The registrar said the government was seeking a review of the 2012 order «in the guise» of seeking clarifications and said the move was «misconceived», adding that there was no «reasonable cause» for entertaining the plea and that too after a lengthy period of time. «I refuse to receive the present miscellaneous application (MA), as it does not disclose any reasonable cause for being entertained,» Pavanesh D, registrar, judicial listing, said in the order that ET has seen. «Accordingly, it is declined to be received under the provisions of Order XV Rule 5 of the Supreme Court Rules, 2013.»

A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant

An insider trading trial has begun for a financial executive charged with enabling his boss and others to make millions of dollars illegally on news that an acquisition firm was taking former President Donald Trump's media company public

A Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company

A Seattle courtroom became the stage for a major moment in the cryptocurrency industry as former Binance CEO Changpeng ‘CZ’ Zhao received a four-month prison sentence. The sentencing followed Zhao’s guilty plea to money-laundering violations late last year, marking a turning point for the industry giant and its influential founder.

Godrej Group entities Godrej & Boyce and Godrej Properties, as part of ownership realignment of their shareholdings in the Godrej Companies, have decided to continue their Memorandums of Understanding (MoU) executed from time to time, for development of the former’s land in Mumbai’s eastern suburb Vikhroli. This proposed development will take place as and when the land owner and developer Godrej & Boyce is desirous of developing the said land, the companies said in a joint release. “The future development of Vikhroli presents a unique opportunity to create a holistic space in the metropolis of Mumbai where urban development and biodiversity co-exists harmoniously. Godrej Construction and Godrej Properties bring complementary strengths, and this has translated into the launch of successful real estate projects in Vikhroli,” said Jamshyd Godrej, CMD, Godrej & Boyce.

A group of eight U.S. newspapers is suing ChatGPT-maker OpenAI and Microsoft, alleging that the technology companies have been “purloining millions” of copyrighted news articles without permission or payment to train their artificial intelligence chatbots

The article goes to great lengths to explain why the central incidents — involving the alleged assassination attempt of a Khalistan advocate in the US and murder of another in Canada — did not lead to public censure of India by the US. That India today is geopolitically and commercially important to the US, and like Saudi Arabia, it got a free pass from the Americans because they are, at least at present, playing on the same team. Where the article loses me, however, is in its linking the issue of extrajudicial killings with what it sees as the rise of 'deepening authoritarianism' in India. Killing dissidents, activists and journalists on foreign soil is chilling. And jailing them in a constitutionally democratic country is, indeed, a sign of creeping authoritarianism. But surgically targeting those deemed a credible threat to national security is what the US and its allies have been doing for decades.

Serum Institute of India (SII), a day after AstraZeneca, which sold the vaccine in India, admitted in court that their Covid shot can cause a rare side effect. The parents are hopeful of justice after the AstraZeneca's admission surfaced. The pharmaceutical giant is being sued in a class-action suit over claims that its Covid-19 vaccine, developed with the University of Oxford, caused death and serious injury, including TTS — thrombosis with thrombocytopenia syndrome — a serious adverse event that causes blood clots and a low blood platelet count. Venugopalan Govindan, father of Karunya, who died after taking the vaccine, said the admission by AstraZeneca is «too late» and has come after so many lives have been lost. «AstraZeneca and SII should have stopped the manufacture and supply of these vaccines when 15 European countries either suspended or age-limited these due to deaths from blood clots that happened in March 2021, within a couple of months of the rollout of the vaccine itself.»

newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters' work to train their generative artificial-intelligence systems. The eight newspapers, owned by hedge fund Alden Global Capital's MediaNews Group, said in the lawsuit that the companies unlawfully copied millions of their articles to train AI products, including Microsoft's Copilot and OpenAI's ChatGPT.

On Tuesday, the International Court of Justice (ICJ) rejected a request by Nicaragua to order Germany to halt military and other aid to Israel and renew funding to the UN aid agency in Gaza.

The Supreme Court will hear an appeal from a Vista, California, CBD hemp oil company fighting a lawsuit from a truck driver who says he got fired after using a product falsely advertised as being free from the active ingredient in marijuana

A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive data

Mumbai: Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking bail in a money laundering case on the ground that both he and his wife were suffering from terminal cancer. A single bench of Justice N J Jamadar on Tuesday said it would hear the plea on May 3.

RAW) chief Samant Goel, who has been named in a Washington Post report on alleged assasination bid on Khalistani terrorist and US citizen Gurpatwant Singh Pannun, had played a key role in Balakot and Uri strikes on Pakistan by Indian forces. In a report on Monday, Washington Post had claimed that one Vikram Yadav, an RAW officer, had hired a hit team to kill Pannun. An indictment filed in a Manhattan court in November last year mentioned an unnamed Indian government official, referred to as 'CC-1', who allegedly hired one Nikhil Gupta to get Pannun assassinated. The Washington Post report claims that Goel, who was the RAW head at that time, gave the final nod for the assassination attempt of Pannun, as per a report published by The Washington Post.

Delhi High Court on Tuesday asked payment app BharatPe's former MD Ashneer Grover not to transfer or create any third-party rights in the shares transferred to him by the company's co-founder Bhavik Koladiya. Justice Prateek Jalan passed the interim order on a lawsuit by Koladiya seeking to reclaim the shares he transferred to his erstwhile colleague. The judge opined that the plaintiff, Koladiya, made out a prima facie case for the grant of such an injunction as he would suffer irreparable loss and prejudice if third-party rights were created in the shares being claimed by him.

Amar Singh Chamkila’s first wife Gurmail spilled the beans on how the family of the late singing sensation’s second wife Amarjot, made a grab for all the cash and belongings accumulated by the singing jodi after their death. In a YouTube channel called Love Punjab, Gurmail revealed the shocking aftermath of Amarjot’s family. She implied that Amarjot’s family appeared one day after their demise and took away all their belongings and cash. “ We didn’t have any domestic disputes, but after Chamkila died, our house was swept clean by them. They took everything, including the house. Didn’t even leave a spoon behind. But who had the energy to fight them at the time? They had no reason to visit me after his passing," she lamented. Gurmail said that she underwent immeasurable hardships after her husband died as they had to fight many legal battles. Chamkila was the sole bread-earner of the family and after his death, she had to take up the role. Her son died in a freak accident. However, she managed to educate her daughters.

Muslim side in the Krishna Janmbhoomi-Shahi Idgah dispute at Mathura in the Allahabad High Court, the Hindu side on Tuesday said the provisions of Waqf Act will not apply as the property in dispute is not a waqf property. It said the suit is maintainable and its non-maintainability can only be decided after the leading evidence. The matter is being heard by Justice Mayank Kumar Jain on applications moved by Muslim side regarding maintainability of suit. Counsel for the Hindu side, Rahul Sahai, while replying to the arguments raised from Muslim side, submitted that the provisions of the Places of Worship (Special Provisions) Act, 1991 will not apply to the matter.

Saurabh Bharadwaj on Tuesday said the Centre should work to urgently address the alleged side-effects of the Covidshield vaccine as millions of people in India were administered the shit during the Covid pandemic. Bharadwaj expressed concern over the alleged link between the vaccine's side-effects and a series of sudden deaths in India, claiming that Covidshield was banned in several European countries, including Germany, France, Spain, Finland, Norway and Denmark, at the beginning of 2021 due to apprehensions about its safety. UK-headquartered pharmaceutical giant AstraZeneca has admitted that in «very rare cases», its COVID-19 vaccine can cause a blood clot-related side-effect but the causal link is unknown, according to court papers being quoted in the UK media. The Daily Telegraph reported that in a legal document submitted to the High Court in London in February for a group action brought by 51 claimants, AstraZeneca admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause Thrombosis with Thrombocytopenia Syndrome (TTS) in «very rare cases».

Manish Sisodia will approach the high court against a city court's Tuesday order, refusing bail to him in the alleged excise policy scam case, AAP said. In a statement, the party said that Sisodia's bail plea was rejected by the Rouse Avenue Court. The court dismissed Sisodia's bail pleas in corruption and money-laundering cases lodged by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in connection with alleged irregularities in the formulation and execution of the excise policy of 2021-22. Special judge Kaveri Baweja denied the relief, saying the stage is not right to grant bail to Sisodia.

Patanjali's misleading advertisements case, and expressed dissatisfaction over the explanation offered by authority. A bench of Justice Hima Kohli and Justice Ahsanuddin Amanullah observed that the licensing authority got activated to take action in accordance with the law only after the apex court's April 10 order. “Be honest to court if you want sympathy and compassion.