Courts Financial News

Department of Education has taken down applications for all income-driven repayment (IDR) plans, which are designed to keep monthly payments manageable and provide a pathway to eventual loan forgiveness. The move affects four popular IDR programs: Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), Pay As You Earn (PAYE), and the new SAVE (Saving on a Valuable Education) plan introduced by the Biden administration in 2023. These plans base payments on a borrower’s income and family size, with remaining balances forgiven after 20 or 25 years. The department did not make a formal announcement about the removal of IDR applications, instead posting a brief notice on its website. The lack of communication has led to widespread confusion, with borrowers and advocates scrambling for clarity.

Subscribe to enjoy similar stories. A former chairperson of the Securities and Exchange Board of India (Sebi), three current whole-time members (WTMs), a former BSE chairman, and the current BSE managing director and CEO have filed petitions challenging a Mumbai court's order that called for the registration of a first information report (FIR) against them over an allegedly fraudulent listing of a company on BSE. Justice SG Dige of the Bombay High Court set to hear the petitions today.

During a review meeting of the Housing and Urban Planning Department on Monday, Adityanath stressed that Ansal Group’s «fraudulent practices» against homebuyers would not be tolerated. He directed officials to take strict action against all responsible company officers. «To ensure justice for those affected, CM Adityanath directed that FIRs be filed in all districts where similar cases against the Ansal Group have surfaced, following the pattern observed in Lucknow,» the statement said.

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices sent to auditors of two IL&FS group entities—Deloitte Haskins & Sells LLP and SRBC & Co.

Supreme Court on Monday said its verdict on the DMRC-DAMEPL dispute of last year needs to be followed in letter and spirit or it will be bound to take coercive measures against the concerned officials of the private firm and Axis Bank. A bench of Justices Surya Kant and N Kotiswar Singh told Delhi Airport Metro Express Private Limited (DAMEPL) and Axis Bank, «What is the need to play hide and seek? When there is judgement, you need to comply with it in letter and spirit.» Senior advocate Abhishek Singhvi, appearing for the Axis Bank, said it was not party to the dispute for six years and now suddenly he is receiving a contempt notice for payment. The bank was only operating the escrow account in the dispute, he said.

Goods and Services Tax Network (GSTN) has introduced an additional facility allowing promoters and directors of a company to complete their Bvbiometric Aauthentication for completion of GST registration process in their home state. Earlier for getting a Goods and Services Tax (GST) registration, you either needed to use the OTP verification method or use Biometric Authentication process by physically visiting the GST Suvidha Kendra in the company’s registered jurisdiction, which is in the state in which you are registering your GST. Howeve, Nnow the bBiometric aAuthentication process can be completed in one’s home state instead of the state where the GST registration is being sought. Like For instance, if the company is being registered in Delhi but you are from Nagaland then you have to travel to Delhi and complete the GST registration. With this update made on March 3, 2025 by GSTN now you can complete the GST registration from Nagaland itself without going coming to Delhi, as per this example.

Subscribe to enjoy similar stories. New Delhi: The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over bankruptcy rescues, two people informed of the development said.

Subscribe to enjoy similar stories. “Bhagwan har jagah hain, or OYO bhi." Translated into English, “God is everywhere, so is OYO." A half-page ad released in a Hindi newspaper by OYO suddenly ignited the internet last week, and #BoycottOYO made it to the top of trending lists. OYO was accused of allegedly hurting religious sentiments.

Enforcement Directorate (ED) is investigating if there's a foreign link to a multi-thousand crore fraud allegedly committed by an IT company headquartered in Noida. The agency has thus far identified proceeds of crime to be ₹3,558 crore, generated by Vuenow Marketing Services Ltd (VMSL) and its entities. In a breakthrough, the federal agency Saturday arrested Sukhvinder Singh Kharour, CEO of the company, and his wife Dimple Kharour. The agency said that the duo was trying to fly out of India, however an active look out circular (opened against them at the behest of the agency) helped detain the duo at the Indira Gandhi International Airport after the Bureau of Immigration tipped off the federal agency sleuths. Interestingly, Sukhvinder claimed before the court that he and his wife were arrested from Nepal at 8 am on February 28. The court found Sukhvinder's claim «devoid of any merit» and granted ED ten days of custodial interrogation.

Subscribe to enjoy similar stories. New Delhi: Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new Industrial Development Policy 2024-30, as it looks to position itself as a key player in India’s defence supply chain. "Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint in an interview.

Subscribe to enjoy similar stories. The Indian budget announcement of a revamped model Bilateral Investment Treaty (BIT) to make it more investor-friendly is a delayed acknowledgement of the framework having failed to achieve its core objectives. Since its adoption in 2015, India has signed agreements with only five countries—Belarus (2018), Kyrgyzstan (2019), Brazil (2020), the UAE (2024) and Uzbekistan (2024), highlighting challenges in securing BITs with key trade partners and attracting foreign direct investment (FDI) flows.

federal watchdog agency must remain in his job, a judge in Washington ruled on Saturday, saying President Donald Trump's bid to remove the special counsel was unlawful. U.S. District Judge Amy Berman Jackson sided with Hampton Dellinger, who leads the Office of Special Counsel, in a legal battle over the president's authority to oust the head of the independent agency that's likely headed back to the U.S. Supreme Court. Dellinger sued Trump last month after he was fired even though the law says special counsels can be removed by the president «only for inefficiency, neglect of duty, or malfeasance in office.» Jackson, who was nominated to the bench by Democratic president Barack Obama, quickly reinstated Dellinger in the job while he pursued his case.

Ajit Pawar on Saturday warned of a stern action against those who vandalised public property following the alleged rape of a woman inside a state transport bus in Pune. The 26-year-old victim was raped inside a parked bus of the Maharashtra State Road Transport Corporation (MSRTC) at the Swargate bus stand located in the heart of the city in the early hours of Tuesday. The next day, local Shiv Sena (UBT) leader Vasant More and his party workers vandalised the security cabin at the Swargate bus depot to protest against the incident. Speaking to reporters here, Pawar said action will be taken against those who damaged public property. «Let the probe get over and let the facts come to the fore. After that, action will be taken against those who vandalised public property. They will not be spared. Does anyone damage his own house's window panes if an accused is not arrested?» he asked. «Even the court had made it clear in the past that if anyone resorts to vandalism of public property, then damages should be recovered from these party workers or the party,» he said.

Delhi High Court has said unless an environment free from harassment and fear was created, all discussions on women's progress were superficial. Justice Swarana Kanta Sharma said real empowerment began with women's right to live and move freely without fear. The court made the observations in a judgement passed on February 28 while refusing to interfere with the conviction of a man for sexually harassing his female co-passenger on a public bus in 2015. In 2019, the trial court convicted the accused and sentenced him to undergo simple imprisonment for one year for offence punishable under Section 354 (Assault of criminal force to woman with intent to outrage her modesty) of the Indian Penal Code and six months under Section 509 (Word, gesture or act intended to insult the modesty of the woman) IPC. The decision was also upheld by the sessions court in appeal.

Delhi Police to withdraw a case against former JNUSU vice president Shehla Rashid Shora for her tweets on the Army, police sources said. Chief Metropolitan Magistrate Anuj Kumar Singh passed the order on February 27 on an application moved by the prosecution, which claimed that Delhi Lieutenant Governor V K Saxena has withdrawn his sanction to prosecute Shora. According to the application, the LG order came on the recommendation of a Screening Committee.

Subscribe to enjoy similar stories. WASHINGTON : President Trump has spent his first weeks back in office undoing much of the handiwork of Congress—freezing spending that lawmakers authorized, idling agencies that were already funded and bypassing laws regarding immigration and independent agencies. A budget fight now brewing in Congress is becoming the first test of whether lawmakers will try to claw back any of their powers—or whether they accede to a new power alignment in Washington that centralizes far more authority in the White House.

ballot papers does not fall under the ambit of the joint committee of Parliament examining the two bills on simultaneous polls to the Lok Sabha and state legislative assemblies, the Union law ministry is learnt to have said. Reverting to the ballot paper system was a «suggestion» made by some of the members of the joint committee and the law ministry was to respond to it in writing. While the ministry's Legislative Department gave elaborate responses to a variety of questions posed to it by the committee, it did not give a direct reply on the suggestion on the ballot paper system. The ministry is learnt to have said that the suggestion on the use of the ballot paper system was «out of scope» of the parliamentary panel.

The federal government says the owner of a North Carolina company has pleaded guilty to trying to sell electronic devices that have military applications to China without a required exporting license

Tax season is now underway, and if you moved in 2024, you may be entitled to write off your moving expenses, assuming you qualify. Not all moves, however, qualify as an “eligible relocation,” and the ability to deduct moving expenses can be challenged by the taxman, which is what happened in a recent case decided earlier this month. But before delving into the details of this latest case, let’s briefly review the rules for deducting moving expenses.

Elon Musk Friday heaped praises on US Vice President JD Vance and said he will one day follow in his boss Donald Trump's footsteps as «future president.» «Best VP ever and our future President,» Tesla CEO Musk posted on his social media platform X. Musk, the world's richest person and Trump's top donor during the 2024 presidential campaign, posted a similar message last week, saying: «Best VP ever and hopefully our future President.»

BJP leader BS Yediyurappa and three other accused in connection with a POCSO Act case to appear before it on March 15. The court which handles cases booked under Protection of Children from Sexual Offences Act took fresh cognisance of a charge sheet filed by the Karnataka Criminal Investigation Department (CID) against 82-year-old Yediyurappa, a former chief minister. The Karnataka High Court on February 7 had directed the special court to consider afresh and pass appropriate orders on the CID's final report in the case. The High Court had issued this order while partly allowing the petition filed by Yediyurappa challenging proceedings against him under the POCSO Act, and remitting back to the trial court the criminal case registered against him. It had also granted anticipatory bail to him.