Courts Financial News

The Securities and Exchange Commission stands accused of trying to “vastly expand its authority” in a lawsuit filed by three investment industry associations.

Sensex, Nifty 50 fell 1%- Tuesday wasn't a great day for Indian markets as the benchmark index remain in the red zone. The overall market capitalization of firms listed on the BSE dropped to nearly ₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Read Full report 2.

United Nations human rights chief Volker Turk denounced the rampant hunger and looming famine in Gaza.

AAP leader Sanjay Singh, who is in custody in a money laundering case related to the alleged Delhi excise policy scam, on Tuesday told the Supreme Court that no summons were issued to him prior to his arrest. Singh's counsel submitted that he was arrested after the Enforcement Directorate's (ED) witness Dinesh Arora made a statement against him in July 2023. A bench of justices Sanjiv Khanna and Dipankar Datta was hearing submissions on behalf of Singh on his plea challenging his arrest and remand in the money-laundering case. The bench said it would continue hearing the arguments in the matter on April 2.

PM Modi touring the entire India, India's name is becoming popular in foreign countries also, so considering this, I have trust and faith in JP Nadda ji, Amit Shah ji, Devendra Fernand ji, I will get support from them and we have to save Jharkhand." Sita Soren alias Sita Murmu is Jharkhand Mukti Morcha leader Hemant Soren's sister-in-law. She is the widow of his elder brother Durga Soren. Sita was first elected as the MLA from Jama in 2009.

A Nigerian court ordered Binance to furnish detailed information regarding all Nigerian traders on its platform to the Economic and Financial Crimes Commission (EFCC).

The US Securities and Exchange Commission was sanctioned for its controversial restraining order against crypto firm DEBT Box, a March 18 court filing showed. In a rare rebuke, Judge Robert Shelby slammed the agency on Monday, calling its actions toward DEBT Box a “gross abuse of power.”

building collapse, the Calcutta High Court on Tuesday refused urgent hearings to petitioners seeking stay of demolition of their structures, holding that human lives must be saved. Justice Amrita Sinha refused to interfere in demolition orders of alleged unauthorised buildings in different municipal bodies as three lawyers representing as many different petitioners sought urgent hearings, saying that the court will take up hearing of such matters in usual course. When a prayer was made by a lawyer for an urgent hearing of his petition, she said, «The court is not giving you any leave in any demolition matters». The petitioner's lawyer claimed that the date of demolition is March 20 and that the entire exercise will become futile if the matter comes up for hearing later.

Arvind Kejriwal for skipping multiple summonses of the Enforcement Directorate and said he cannot escape the «long hand» of the law for so long as there is evidence of his involvement in the alleged excise policy scam. Addressing a press conference at the BJP headquarters, party national spokesperson Sambit Patra also slammed the Aam Aadmi Party (AAP) for defending BRS leader K Kavitha, arrested by the Enforcement Directorate (ED) in connection with the case, and said probe agencies' actions are based on evidence. «Political parties do not set up probe agencies,» Patra added. The BJP's reaction came a day after the AAP called the ED a political wing of the BJP and dismissed the probe agency's charges against the party and its national convener Kejriwal calling them blatant and frivolous lies.

Indian Express has reported, citing Noida Police sources. The Big Boss OTT 2 winner had been arrested on March 17 and was sent to 14-day judicial custody. “During questioning, Yadav did not accept the crime.

Patanjali Ayurved, ANI reported. As reported by PTI, a bench of justices Hima Kohli and Ahsanuddin Amanullah took strong exception to the failure of the company and Balkrishna in filing replies to the court's notices issued to them earlier to show why contempt proceedings be not initiated against them for prima facie violating the undertaking given to the court.

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By Jonathan Stempel

Lok Sabha elections 2024 campaign. - Tata Steel Board will meet on Tuesday to consider fundraising through non-convertible debentures (NCDs) on a private placement basis, the company said in an official statement. - Indian cricket legend Virat Kohli is expected to attend the RCB Unbox event in Karnataka today.

Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for the former president to post a bond covering the full amount of his $454-million civil fraud judgment while he appeals.A state appeals court judge ruled last month that Trump must post a bond covering the full amount to pause enforcement of the judgment, which is to begin on March 25.With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million.

request by South Africa for interim orders to prevent starvation in Gaza as part of a case accusing Israel of breaching the Genocide Convention with its military offensive against Hamas. In a written response published Monday by the International Court of Justice, Israel said that claims by South Africa in its request filed earlier this month are “wholly unfounded in fact and law, morally repugnant, and represent an abuse both of the Genocide Convention and of the Court itself." Israel's response was published on the day that the U.N.

₹100 crore. The ED statement came a day after the agency issued a ninth summon to Arvind Kejriwal in the case and asked the Delhi CM to appear before it for questioning. "Kavitha along with others conspired with the top leaders of AAP including Arvind Kejriwal and Manish Sisodia for getting favours in the Delhi excise policy formulation and implementation," the Enforcement Directorate (ED) said in a statement as per Hindustan Times.

₹1 crore. The list included the purchase of 2,228 bonds worth ₹1 lakh each and 220 bonds priced at ₹10,000.

Supreme Court on Monday, March 18, directed the SBI to release all the details related to electoral bonds along with details like date of purchase, redemption and name of the purchaser and recipient, denomination, and serial bonds. “SBI should not be selective in disclosing the details. We want all information related to the electoral bonds to be disclosed which is in SBI possession," the court said in its judgment.

Delhi High Court to handle the day-to-day activities of the wrestling federation was Monday resolved by the Indian Olympic Association (IOA) saying "there is no further need" of the panel following the withdrawal of the suspension on the WFI by the United World Wrestling (UWW), which has now got complete administrative control of wrestling in the country. The IOA said in an office order that, "The decision to dissolve the Adhoc Committee comes in light of the lifting of the ban on the Wrestling Federation of India (WFI) by the United World Wrestling (UWW) and the successful completion of Selection Trials by the Adhoc Committee appointed by the IOA as per the directives of the Hon'ble High Court of Delhi." "Consequent upon the aforementioned developments, there is no further need for running the activities of the WFI through an ad-hoc committee," the IOA said.

Supreme Court on Monday dismissed a plea of Adani Power Rajasthan Ltd seeking over Rs 1,300 crore as late payment surcharge from the Jaipur Vidyut Vitran Nigam Limited, a Rajasthan government-owned power distribution firm. Imposing Rs 50,000 as cost on Adani Power Rajasthan Ltd (APRL), a bench comprising Justices Aniruddha Bose and PV Sanjay Kumar ruled that filing of a miscellaneous application was not the proper legal recourse to late payment surcharge (LPS) by the Adani firm. «Relief of this nature (claiming LPS) cannot be asked in a miscellaneous application which was described in the course of the hearing as an application for clarification,» the bench said. The cost of Rs 50,000 imposed on APRL will be deposited with the Supreme Court Legal Aid Committee, Justice Bose said while reading out the operative portion of the judgement.