Courts Financial News

Calcutta High Court on Tuesday set aside the promulgation of prohibitory orders under Section 144 of CrPC at Sandeshkhali, which has been witnessing protests over the last one week. A petition was filed by two residents of Sandeshkhali seeking a direction from the court for lifting the prohibitory orders in the area. Justice Jay Sengupta set aside the promulgation of Section 144 of CrPC by the district administration at Sandeshkhali in West Bengal's North 24 Parganas, holding that the manner in which it was done was not right. Petitioner's counsel Bikash Ranjan Bhattacharya claimed that the foundation of promulgation of the prohibitory orders in Sandeshkhali was not there and that it was done to curtail the rights of people to protest.

review petition has been filed against the Supreme Court's judgment that gave thumbs up to the market regulator SEBI probe in the Adani-Hindenburg issue. The petitioner has said that the judgment has 'apparent errors' and that the SEBI's regulatory failures were overlooked.

CEO of bankrupt crypto project SafeMoon Braden John Karony is released on bail, but his legal team no longer wants to represent him.

Mint had reported it first on 4 February of Go First likely to get another 60-day extension in the moratorium period to complete the insolvency process. Go First has filed this plea in NCLT for an extension of the corporate insolvency resolution process after completing its initial 90-day extension, which expired on 4 February.

The two Dartmouth players working to unionize their basketball team say other athletes have been reaching out to see if they can join the effort

Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada

A judge has ordered Elon Musk to testify as part of the Securities and Exchange Commission’s investigation into his $44 billion purchase of Twitter, now called X, in 2022

Haiti’s renowned rum has become the newest victim of violent gangs vying to control a growing number of businesses and territory in the troubled Caribbean nation

Scheme is related to a legislative bailout for two Ohio nuclear power plants.

A federal judge in Chicago has sentenced a former chief of staff to longtime Illinois House Speaker Michael Madigan to two and a half years in prison for lying under oath to a grand jury to protect his once-powerful boss

PM Modi to be on a two-day official visit to UAE from February 13: Prime Minister Narendra Modi will kick off a two-day official visit to the United Arab Emirates today, where he will inaugurate the first Hindu temple in Abu Dhabi, address the World Government Summit, and meet with top UAE officials. PM Modi's agenda in Qatar includes meetings with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, among other senior officials.

Donald Trump urged the Supreme Court to suspend the lower court ruling that he does not have presidential immunity from prosecution, CNN reported on Monday. The report stated that Trump called on the apex court to temporarily block a scathing and unanimous decision from the DC Circuit handed down last week, flatly rejecting his claims of immunity from election subversion charges brought by special counsel Jack Smith.

Risk management and benefits firm Milliman is facing a trial in April over the alleged mismanagement of its own 401(k) plan.

By Nate Raymond

By Nate Raymond

By Dietrich Knauth

Dutch government on Monday to halt the export of F-35 fighter jet parts to Israel, citing a clear risk of violations of international law. A trio of human rights organizations brought a civil suit against the Netherlands in December, arguing authorities needed to reevaluate the export license in light of Israeli military action in the Gaza Strip. «It is undeniable that there is a clear risk that the exported F-35 parts are used in serious violations of international humanitarian law,» Judge Bas Boele said in reading out the ruling, eliciting cheers from several people in the courtroom. The exports must cease within seven days.

NCLT) has admitted Sporta Technologies, which owns India’s largest fantasy sports platform Dream11, under the corporate insolvency resolution process (CIRP) on an application filed by the resolution professional of Reward Solutions. The tribunal appointed Madan Bajrang Lal Vaishnawa as the interim resolution professional to conduct the insolvency resolution process. Piyush Jani, the resolution professional for Reward Solutions, had approached the NCLT to initiate insolvency proceedings against Sporta after the company defaulted on its dues of about Rs 7.61 crore.

New York: The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved. Authorities in Fiji seized the 348-foot (106-meter), $300 million Amadea in May 2022, pursuant to a U.S.

—Name withheld on request I assume that you are eligible to claim the benefits under the India-UAE DTAA as a non-resident Indian (NRI). Further, you are correct in your understanding that a resident of UAE can claim exemption from capital gains on sale of mutual funds under Article 13(5) of India-UAE DTAA.

Himanta Biswa Sarma on Monday said that Registrar General of India (RGI) is yet to notify the National Register of Citizens (NRC) but discussion is underway to provide relief to the people who have been unable to get Aadhaar cards due to locking of their biometrics as part of the NRC updating process. Replying to a question by Congress MLA Kamalakhya Dey Purkayastha on the 27 lakh people not able to get Aadhaar cards, he said, “I am in consultation with the Centre on this and hopefully something positive will happen soon. But we can’t go against SC orders. If required, we may have to approach the SC at some time to address the issue”. “The RGI is yet to be notify the NRC. The court has asked us to ensure security of data. We have detailed the Centre about the available security system in place. Both the issues are under the consideration of the Centre,” he said.