Courts Financial News

A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information.

Bankrupt crypto firms FTX Trading and Voyager Digital Holdings have agreed to settle loan disputes, which would help reimburse creditors.

Delhi excise policy scam on March 15. On Wednesday, the CBI had informed a Delhi court that they had questioned the Bharat Rashtra Samithi (BRS) leader, K Kavitha, in the Tihar jail. K Kavitha had been remanded to judicial custody in the Tihar jail.

Mint reported on 28 January that the CCPA, which was formed in July 2020, was preparing to roll out e-court services in all 35 state consumer dispute redressal commissions (SCDRCs) and 10 benches of the National Consumer Disputes Redressal Commission (NCDRC). NCDRC deals with cases exceeding ₹2 crore (in compensation), while SCDRCs handles cases between ₹50 lakh and ₹2 crore. District consumer dispute redressal commissions (DCDRC) have jurisdiction over cases that entail up to ₹50 lakh in compensation.

Independent. As per the poll, the least favourite royal is Prince Andrew who received 86 per cent of negative votes from the people of UK. In January this year, Prince Andrew was accused of being involved in an "underage orgy" on Jeffrey Epstein's island.

Delhi High Court has said there is no bar under the Constitution on political parties, which are granted recognition by the State Election Commission (SEC), from contesting municipal polls. The court has also said the allocation of poll symbols to political parties by the SEC for municipal elections is reasonable and not arbitrary. The court passed an order to this effect while dismissing a petition that had sought a direction to the SEC here to stop putting the reserved symbols for political parties on the list of contesting candidates. The plea had also sought a direction to the SEC to conduct the election to the Municipal Corporation of Delhi (MCD) without the reserved symbols, which allegedly violated the petitioner's fundamental rights as enshrined under Article 14 (equality before law) of the Constitution.

State Bank of India (SBI) has refused to disclose under the RTI Act the details of the electoral bonds furnished to the Election Commission (EC), claiming that it is personal information held in a fiduciary capacity, even though the records are in the public domain on the poll panel's website. Holding that the electoral bonds scheme was «unconstitutional and manifestly arbitrary», the Supreme Court directed the SBI on February 15 to furnish the complete details of the bonds purchased since April 12, 2019 to the EC, which would publish the information on its website by March 13. On March 11, the court dismissed the SBI's petition seeking an extension of the deadline and ordered it to disclose the details of the electoral bonds to the EC by the close of business hours on March 12. RTI activist Commodore (retired) Lokesh Batra approached the SBI on March 13 seeking the complete data of the electoral bonds in the digital form, as provided to the EC after the Supreme Court's order.

Bibhav Kumar, the personal secretary of incarcerated Chief Minister Arvind Kejriwal. YVVJ Rajshekhar, the Special Secretary of Vigilance, issued the directive for his removal, referring to a case from 2007. According to the order, “The Competent Authority hereby terminates the engagement of Bibhav Kumar, in terms of the provisions of Rule 5 of the Central Civil Services (Temporary Service) Rules, 1965, with immediate effect." Also Read: ‘Lack of seriousness’: Delhi LG VK Saxena writes to Home Ministry as AAP Ministers skip meetings, party says....

Alberta Premier Danielle Smith has introduced a gatekeeping law that would allow the province to veto any future deal struck between municipalities and the federal government.

Jay Leno was granted a conservatorship over his wife’s estate on Tuesday by a Los Angeles Superior Court judge who ruled the measure was “necessary and appropriate” for Mavis Leno’s protection.

National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary of Parsvnath Developer. The appellate tribunal upheld the orders of the Principal bench of the National Company Law Tribunal (NCLT), which on October 17, 2023, rejected their plea on technical grounds as the number of petitioners was only four, while the total number of allottees by Parsvnath Landmark is 488. The matter relates to La Tropicana Khyber Pass, a Delhi-based project of the realty firm.

Add investors to the list of people that opponents of smoking in casinos are enlisting in hopes of banning the practice

The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others filed a lawsuit Wednesday claiming the flight should have been grounded because of treacherous weather

The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years

Russian businessmen Mikhail Fridman and Petr Aven won a court case Wednesday over a European Union decision to sanction them for their alleged role in Russia’s war against Ukraine

A murder-for-hire case that shocked residents in Markham, Ont., almost 15 years ago is getting the Netflix treatment, highlighting the decade-long ruse Jennifer Pan undertook to please her strict parents — a plot that eventually left one of them dead.

The Supreme Court issued an interim stay on a Karnataka high court order which had allowed ‘board examinations’ to be conducted for classes 5, 8, 9 and 11 in schools in Karnataka. It also said that for the examinations that had already been conducted, the results may not be communicated to anyone at all. However, some of the results had already been announced before the Supreme Court issued its order.

Kejriwal's Cabinet, Raaj Anand, resigned and quit AAP accusing it of corruption. His resignation follows a summons by ED to appear on April 12. Addressing a press conference to announce his resignation, he said, «I had stepped into politics when Kejriwal had said that politics will change. But today, with a lot of regret, I am saying that the politics has not changed but the leaders have. AAP was born out of the anti-corruption movement but now the party is steeped in corruption. It has become untenable for me to continue as a minister.» His residence was raided in November 2023 in a money laundering case by ED not connected to the liquor probe. Hours before his resignation, Anand had shared AAP MP Sanjay Singh's press meet link on social media.

Do you own or have you ever owned an iPhone 6 or 7? You might be eligible for a payout from Apple under a Canada-wide class-action settlement worth up to $14.4 million.

Human Rights' (ECtHR) ruling on Tuesday in the case brought by Verein KlimaSeniorinnen Schweiz, a Swiss association of women senior citizens, breaks new ground by linking climate change to infringement of human rights, to the obligation of states to protect fundamental rights. The verdict makes it the state's duty to act to limit climate change.

Truth alone triumphs", Union Minister Hardeep Singh Puri on Wednesday said while terming as «historic judgement» the Supreme Court's order that the DMRC is not obliged to pay Rs 8,000 crore to the Delhi Airport Metro Express Private Ltd, a Reliance Infrastructure firm, in pursuance of a 2017 arbitral award. The Union housing and urban affairs minister also congratulated the Delhi Metro Rail Corporation (DMRC) on achieving this landmark verdict. «Truth alone triumphs (Satyameva Jayate). Historic judgement by the Hon'ble SC in the curative petition filed by @OfficialDMRC in the case pertaining to the Airport Metro Line. Many congratulations to Team DMRC on achieving this landmark verdict. Our public sector utilities are strong & resolute in delivery of public service under the firm leadership of PM @narendramodi Ji & they remain steadfast in pursuit of fairness & justice,» Puri said in a post on X. Earlier in the day, the apex court set aside its three-year-old judgement that awarded an Anil Ambani group firm Rs 8,000 crore in a dispute with the Delhi Metro and asked the company to return about Rs 2,500 crore it had already received, holding that the previous verdict caused «grave miscarriage of injustice» to a public utility which was saddled with an exorbitant liability.