Courts Financial News

By Clark Mindock

Tourist operators of a New Zealand island where a volcanic eruption killed 22 people have been ordered to pay nearly $7.8 million in fines and reparations

By Jahnavi Nidumolu, Aditya Soni and Akash Sriram

Supreme Court on Friday sought a response from GMR Kamalanga Energy on an appeal by Chinese construction contractor Sepco Electric Power Construction Corp against quashing of a ₹1,100-crore foreign arbitral award that it won against the former. While the arbitral tribunal had asked GMR Kamalanga Energy in 2020 to pay ₹1,100 crore to Sepco Electric, the Orissa High Court in September last year set aside the arbitration award on the grounds that the tribunal had created a new contract for the parties «by not only re-writing large portions of the same but also disregarding certain explicit embargoes therein, which goes against the basic notions of justice». According to the Chinese company, the international commercial arbitration was governed by the 2015 amendment to the Arbitration Act which insulates arbitral awards from any challenge on merits under the «fundamental policy of Indian law» or the «patent illegality» grounds.

By Brendan Pierson

By Marc Jones, Xie Yu and Scott Murdoch

₹936.44 crore ($113 million) for "abusing the dominant position of its Play Store in the country" by compelling startups to utilize its payment interface, thereby earning incentives ranging from 11% to 30%, based on each app's earnings. While Google has challenged the CCI order, both the ongoing case and the latest instance are under judicial consideration. Final hearings on the matter are pending before both the CCI and the Supreme Court.

ALSO READ: LeT’s Tunda tells court he wasn’t arrested in India The central probe agency agency said 12 people have been convicted in the case so far. These 12 include Irfan and Hamir-Ul-Uddin who were sentenced to life imprisonment by the Terrorist and Disruptive Activities (Prevention) Act (TADA) court on Thursday. Abdul Karim Tunda, a key accused in the 1993 serial train blasts case, was acquitted on Thursday.

traffic congestion and facilitate pedestrian movement, according to the Delhi Economic Survey 2023-24. Finance Minister Atishi presented the Economic Survey in the Delhi Assembly on Friday. According to the survey, three footover bridges that are under construction at Sri Aurobindo Marg at Adchini Village, Hauz Khas Enclave (near Padmini Enclave), Sri Aurobindo Marg at PTS Bus Stop and between newly-built court building and Tis Hazari Court Complex are likely to be completed by March 31 this year, according to the survey. The third phase of the elevated Barapulla corridor project is likely to be completed by December 31 this year.

A federal judge has held veteran investigative reporter Catherine Herridge in civil contempt for refusing to divulge her source for a series of Fox News stories about a Chinese American scientist who was investigated by the FBI but never charged

Attorneys for X Corp. and a research organization that studies online hate speech have traded arguments in court in a legal battle over the organization's reports on the increase in hate speech on the site since it was purchased by Elon Musk in 2022

Vanderpump Rules star Rachel (formerly Raquel) Leviss is taking the cheating scandal to a court of law.In a new lawsuit filed Thursday in Los Angeles Superior Court, Leviss, 29, accused co-stars Tom Sandoval, 40, and Ariana Madix, 38, of revenge porn, eavesdropping, invasion of privacy and intentional infliction of emotional distress.According to entertainment publication US Weekly, which obtained and viewed the legal filing, Leviss alleges that Sandoval recorded a sex tape of her without her consent.Leviss and Sandoval infamously had a bombshell affair that came to light during Season 10 of Vanderpump Rules, when Sandoval was in a nearly decade-long relationship with Madix. The affair — which would go on to be known as “Scandoval” among the show’s fans — grabbed international headlines in March 2023 and brought record-breaking viewership to the show.

Central Information Commission directing the Central Board of Direct Taxes to provide information relating to Shri Ram Janmabhoomi Teerth Kshetra Trust, looking after the construction and management of the Ram temple in Ayodhya, under the RTI Act. The high court on February 28 allowed the petition by the Central Board of Direct Taxes (CBDT) challenging the Central Information Commission's (CIC's) November 30, 2022, order. Justice Subramonium Prasad said it is always open for applicant Kailash Chandra Moondra to approach the appropriate authority under the Income Tax Act to seek information as sought in the Right to Information (RTI) application. The high court was dealing with a plea by the Central Public Information Officer (CPIO) of CBDT seeking quashing of the November 30, 2022, order of the CIC which had directed that the CPIO would revisit certain points made in the application under the RTI Act and provide information within 15 days from the receipt of the order.

Russian man pleaded guilty on Thursday to illegally exporting electronics to Russia for possible military use, in violation of sanctions imposed after Moscow's invasion of Ukraine, the US Department of Justice said. Maxim Marchenko, who lived in Hong Kong, operated a network with two other unidentified Russians that fraudulently bought large quantities of military-grade microelectronics from American distributors on behalf of Russia-based end users, according to the DOJ.

legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade. After a five-month trial, a jury ordered Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion in damages and to divide up shares of their Southern California property empire —about 17,000 apartments worth billions more.

Bombay High Court on Friday extended the relief from arrest given to former Narcotics Control Bureau (NCB) Mumbai Zonal Director Sameer Wankhede till March 27 in connection with a money laundering case. The court has adjourned the matter till March 27. The matter was adjourned after the Directorate of Enforcement (ED) sought time to file a short reply on Sameer Wankhede's petition challenging ED's Enforcement Case Information Report (ECIR) against him. ECIR is a formal entry of a complaint lodged by the ED. Wankhede has challenged the ECIR in the Bombay HC and has sought to quash the case against him.

On Thursday the Supreme Court criticised the union government's apparent failure to specify a range of prices that private hospitals and clinical establishments can charge for their services. Although a rule on this issue was framed 12 years ago, the court noted that it had not been enforced. It also directed the union health secretary to meet with his state counterparts within a month, with the next court hearing expected in another six weeks.

Supreme Court on Friday agreed to hear an appeal of the Gyanvapi management committee against an Allahabad High Court order which held that lawsuits for «restoration» of a temple where the mosque stands in Varanasi are maintainable. «We will tag this with the main case,» a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said. The plea in the top court was filed by the Anjuman Intezamia Masjid, the committee which manages the affairs of the Gyanvapi mosque. On December 19 last year, the Allahabad High Court had dismissed pleas challenging the maintainability of a 1991 suit seeking the «restoration» of a temple at the site where the Gyanvapi mosque stands.

SEC Commissioner Hester Peirce has said that the regulatory agency is currently operating in an “enforcement-only mode” when it comes to the regulation of cryptocurrencies. 

Uddhav Thackeray faction on March 7. As reported by PTI, this petition challenges the decision of Maharashtra Assembly Speaker Rahul Narwekar, who declared Chief Minister Eknath Shinde's Shiv Sena bloc as the "true political party" following the party's division in June 2022. Moreover, the Thackeray faction's plea was set to be heard on March 1 before a bench led by Chief Justice D Y Chandrachud.

Gyanvapi mosque committee's plea against the Allahabad HC order which held that the suit for restoration of the temple is maintainable. "We will tag this with the main case," a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said. The plea in the top court was filed by the Anjuman Intezamia Masjid, the committee that manages the affairs of the Gyanvapi mosque.