Courts Financial News

07.03 / 13:41
markets Digital President RAI Courts India "working closely" with US on extradition of Tahawwur Rana: MEA
United States to complete the necessary formalities for the extradition of Tahawwur Rana, Ministry of External Affairs spokesperson Randhir Jaiswal said on Friday. Speaking at the weekly briefing, Jaiswal stated, you would have seen President Trump's comments regarding the extradition of Rana. The Joint Statement also reflects this sentiment. We are working closely with the US Government to complete the necessary formalities to allow for his extradition to India." Earlier on Thursday (local time), the US Supreme Court rejected the plea of the 26/11 Mumbai attack accused, Tahawwur Rana, seeking a stay on his extradition to India.
07.03 / 11:55
WhatsApp Death RAI Courts Sheena Bora murder case trial to resume on daily basis from Mar 10
CBI judge S P Naik Nimbalkar. On Friday, newly assigned special judge J P Darekar told the prosecution and defence lawyers that the trial in the case will resume on a daily basis from March 10 as per the direction of the Bombay High Court. Bora (24) was allegedly strangled to death in a car by Indrani Mukerjea, her then driver Shyamvar Rai (who later turned approver in the case) and Mukerjea's former husband Sanjeev Khanna in April 2012. Her body was burnt and disposed of at a forest in nearby Raigad. Media baron Peter Mukerjea, ex-husband of Indrani, is also an accused in the case. The murder came to light in 2015 after Rai spilled the beans about the murder following his arrest in another case. Indrani Mukerjea and Khanna were arrested in August 2015, while Peter Mukerjea was arrested three months later. All the accused are currently out on bail.
07.03 / 08:19
markets FIVE RAI Justice information Courts SC adjourns hearing on CBI's plea to transfer trial in two cases against Yasin Malik
CBI to transfer trial against jailed JKLF chief Yasin Malik and other co-accused in two cases from Jammu and Kashmir to Delhi. A bench of Justices Abhay S Oka and Ujjal Bhuyan deferred the matter as Solicitor General Tushar Mehta was not available. During the hearing, Malik appeared before the court through video-conferencing. He requested the court to post the matter after Ramzan to which the bench agreed.
06.03 / 23:21
COST Courts International Tex-Mex chain On the Border files for bankruptcy protection
On the Border Mexican Grill & Cantina has filed for bankruptcy protection, citing pressure from inflation and changing customer behavior
06.03 / 21:23
markets BLOCK Bill President reports testing Courts Big worry for the President: Democrats block GOP stopgap bill, risking government shutdown in Donald Trump’s first 100 days as showdown intensifies
government shutdown during President Donald Trump’s first 100 days in office, a critical period for any new administration. Democrats see this as a test of how far they are willing to go to push back against Trump’s policies, according to a CNN report.
06.03 / 17:41
UPS performer inclusion reports Courts Appraisers, know what you appraise
Bureaucratic Caste System', former IAS officer and Padma Bhushan recipient M N Buch likened India's bureaucracy to caste hierarchy: IAS as brahmins, IPS kshatriyas, general bureaucracy as vaishyas, and teachers and scientists as shudras. This unwritten 'caste system' was debated in the Supreme Court this week when a challenge to the MP government's 2024 order on performance appraisal reports (PAR) for forest officers came up. The order mandates district-level forest officers — divisional forest officers, conservators and chief conservators — be appraised by district magistrates (DMs) and divisional commissioners (DCs), both IAS officers. MP forest officers contend IAS officials lack technical expertise to judge them.
06.03 / 16:35
markets Digital RAI Justice recommendations Courts SC Collegium recommends Calcutta HC judge Joymalya Bagchi's elevation to Supreme Court
Supreme Court on Thursday recommended the appointment of Calcutta High Court judge Justice Joymalya Bagchi as a judge of the Supreme Court. The five-member Collegium, headed by Chief Justice Sanjiv Khanna, noted that no Calcutta High Court judge rose to become the Chief Justice of India since the retirement of Justice Altamas Kabir on July 18, 2013. The Collegium also took into consideration the fact that the Calcutta High Court has only one representation in the Supreme Court bench at present. If the Collegium's recommendation is cleared by the Centre, Justice Bagchi would have a tenure of more than six years at the top court during which he will also serve as the Chief Justice of India.
06.03 / 15:35
markets RAI Justice consequences Courts rights Person not chargesheeted has no right to be heard before summons: Supreme Court
The bench was considering a legal question on Section 319 of the Code of Criminal Procedure (CrPC). Section 319 of the CrPC empowers the court to proceed against other persons appearing to be guilty of offence if it comes to light during the inquiry or trial that the person, who is not named as an accused, has committed the offence.
06.03 / 09:33
COST wellness Bill Courts Relationships peace International India’s tax authorities should work harder to make peace with taxpayers
Subscribe to enjoy similar stories. Indians have long had a confrontational relationship with the nation’s tax office, whose adversarial approach has crushed countless small businesses and international investors. This was meant to be the year the government fixed all that and repaired relations with taxpayers.
06.03 / 09:29
markets Gap RAI Justice information Courts Supreme Court disapproves 'long dates' in matters of liberty
Supreme Court on Thursday said courts were not expected to keep the matters concerning liberty after a long gap. A bench of Justices B R Gavai and Augustine George Masih made the observation after being informed that the Punjab and Haryana High Court posted the hearing of a plea for temporary bail on medical grounds after two months. The petitioner's counsel said he had approached the high court for the grant of temporary bail on the ground that her client's two-year-old daughter needed urgent surgery. The lawyer argued the high court, in its order passed on February 21, posted the matter on April 22.
06.03 / 09:29
markets Citi Digital Booking RAI Courts Attractive home loan EMI subvention scheme is no magic bullet: Know how it became an everlasting misery for these homebuyers
home loan EMI subvention scheme offered by many builders and developers a decade ago. According to TOI, subvention schemes were supposed to make things easier for buyers, but in many cases, became instruments that gave builders access to loans without accountability and left homebuyers in the city to bear the aftershocks, like demand letters to pay EMIs despite houses running years behind schedule. Also read | How an easy home loan EMI scheme turned into a nightmare for many homebuyers in Delhi NCR
06.03 / 03:13
markets Experts reports Courts Investigations Vaccines SC admits plea for expert probe into alleged Covid vaccine side-effects
Supreme Court Wednesday admitted a petition that sought judicial intervention to form an expert panel to investigate the side-effects of Covid vaccination. The petition was filed by the parents of two young women who died allegedly due to the side-effects associated with Covid vaccination. They had sought compensation and a scrutiny of vaccination records and treatment protocols. The parents, in their additional petition, wanted renowned medical practitioners Amitav Banerjee, Jacob Puliyel and Sankha Shubra Chakrabarti, to be included in the scrutiny board.
05.03 / 19:31
markets Aware security Mobile information Courts ParkMobile $32.8M settlement: Deadline to get file claim ends today, here's what you need to know
ParkMobile $32.8 million data breach settlement has become a major topic of concern for customers who were affected. A lawsuit has been filed against ParkMobile, accusing the company of stealing its customers' data. Nearly 21 million users have struggled due to this act of the company and are expecting to receive compensation. If you were impacted by the breach, be aware that Wednesday, March 5, is the final day to submit a claim. Here's all the information you need to know.
05.03 / 18:05
Justice show performer Courts cricket Third Eye: Expressing concern, displeasure with High Court, and no prizes for guessing
Expressing concern: The Supreme Court on Wednesday expressed concern over ego clashes between IAS and IPS/IFS (forest service) officers. Speaking from his experience as a government lawyer and a judge for over two decades, senior SC Judge BR Gavai shared with solicitor general Tushar Mehta that there has always been a «conflict» between them. Justice Gavai said that IAS officers always show their «supremacy» over IPS and IFS officers. The development took place during a hearing pertaining to the omnibus forest protection matter. Displeasure with High Court The Supreme Court has recorded its displeasure with the way certain orders are passed by the Allahabad High Court. A bench headed by justice Abhay Oka on Wednesday disapproved of the way a revision appeal was decided by the high court. Remanding the case back to the Lucknow bench of HC for reconsideration, the top court directed the high court to call for the trial court record before deciding the matter. In January, another bench headed by justice Surya Kant had observed that the functioning of Allahabad High Court has been «worrisome». The bench had also observed that the filing and listing of cases in the Allahabad HC had «collapsed».
05.03 / 15:27
markets Barrett RAI Justice Department Courts International Supreme Court rejects Trump bid to freeze $2 billion in foreign aid
foreign aid payments. The court, in its first significant ruling on a legal challenge to the Trump administration, voted 5-4 to uphold a lower court order requiring that payments be made on aid contracts that have already been completed. The justices said the federal judge who ordered the resumption of payments for contracts with the US Agency for International Development (USAID) and State Department «should clarify what obligations the Government must fulfill.»
05.03 / 13:23
UPS FIVE Pool Universities reports Courts Interviews A nuclear-power revival brings back an old problem: What to do with the waste
Subscribe to enjoy similar stories. A nuclear power renaissance—driven in part by power-hungry AI data centers—has revived a thorny problem: what to do with the radioactive waste left behind. Already, more than 90,000 metric tons of spent nuclear fuel is being stored at sites in 39 states.
05.03 / 10:29
markets Provident Man Action Justice Courts Investigations Homebuyers taken to ransom: SC wants probe into builder-bank mess
Supreme Court has called for an investigation into the alleged nexus between real estate developers and banks, which it said had left poor homebuyers in the National Capital Region (NCR) “at ransom.” The court has sought a response from the Central Bureau of Investigation (CBI) regarding the possibility of conducting the probe. A bench of Justices Surya Kant and N Kotiswar Singh raised concerns over builders, banks, and interim resolution professionals failing to provide details about delayed housing projects and their construction progress. The court said a Special Investigation Team (SIT) must be formed to examine the issue, stating, “People invested their hard-earned money, but poor homebuyers have been taken to ransom.” The case involves thousands of homebuyers who purchased flats under subvention schemes, where banks directly disburse loans to builders, who are then responsible for paying the EMIs until the homes are handed over. However, several builders defaulted on payments, leading banks to demand EMIs from buyers, despite the delayed possession of their flats.
05.03 / 10:29
markets UPS 2020 reports gatherings Courts Woman working as house help in Delhi NCR turns out to be a Naxal operative, trained in 'advanced' weapons since age 10
Naxal operative from Jharkhand, who had been living in Delhi under a false identity, was arrested in Pitampura, Delhi Police said on Wednesday. She had been working as a domestic helper in Noida and different areas of Delhi since 2020, as per a PTI report.
05.03 / 03:05
Target actress reports travelers Courts Investigations International Who is Ranya Rao? Kannada actress arrested at Bengaluru airport for alleged smuggling of gold from Dubai
Directorate of Revenue Intelligence (DRI) has arrested Kannada actress Ranya Rao at Bengaluru’s Kempegowda International Airport for allegedly smuggling 14.8 kg of gold, valued at approximately Rs 12.5 crore. Officials confirmed the arrest on Tuesday, stating that she was apprehended on Monday night and subsequently presented before an economic offences court, which remanded her to 14 days in judicial custody. According to PTI, Rao had arrived from Dubai on an Emirates flight and was reportedly under surveillance due to her frequent international travel. Authorities became suspicious after noting that she had visited Dubai four times within just 15 days, prompting them to conduct a targeted operation upon her return. Investigators revealed that the actress had allegedly smuggled the gold by wearing a significant portion of it and concealing gold bars within her clothing. Upon landing, she reportedly attempted to use her connections to evade customs checks. According to sources, Rao claimed to be the daughter of Karnataka's Director General of Police and even contacted local police personnel to escort her home.
04.03 / 20:53
markets Raven RAI stars reports Courts Sporting Weeks after arrest, Baltimore Ravens' Ben Cleveland files for divorce from wife
Ben Cleveland has filed for divorce from Kaitlyn Terrell. The two of them tied the knot on July 21, 2022. This comes weeks after Cleveland was taken into custody by police on charges of driving under the influence, People magazine reported.
04.03 / 13:13
markets Man Death Justice Courts rights Updates Insurance nomination does not override succession laws, says Karnataka HC; calls for clearer legislation
Karnataka High Court has held that an insurance policy nominee does not have absolute rights over insurance benefits if the policyholder's legal heirs stake a claim. The court clarified that Section 39 of the Insurance Act, 1938, which governs nominations, does not override personal succession laws like the Hindu Succession Act, 1956. The judgment came in the case of Neelavva @ Neelamma vs Chandravva @ Chandrakala @ Hema and Others, where a dispute arose over the rightful claimants to an insurance payout. Justice Anant Ramanath Hegde ruled that a nominee can receive the insurance benefits only if the legal heirs do not claim them. If a legal heir asserts their right, the nominee's claim must yield to personal succession laws. The case involved a man who had named his mother as the sole nominee for two insurance policies before his marriage. After his marriage and the birth of his child, he did not update the nomination. Following his death in 2019, a legal battle ensued between his mother and his wife over the insurance payout.

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