Hearing Financial News

Insolvency and Bankruptcy Code (IBC). According to a regulatory filing by Coffee Day to the stock exchanges September 8, the application is filed by IDBI Trusteeship Services before National Company Law Tribunal (NCLT) for alleged default of ₹228 crore.

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.

Supreme Court on Tuesday adjourned for a week the hearing on a plea filed by former JNU student Umar Khalid seeking bail in a case lodged under anti-terror law UAPA over his alleged involvement in the conspiracy behind the northeast Delhi riots of February 2020.

Supreme Court on Monday deferred the hearing of the petition filed by CPI(M) leader Brinda Karat seeking registration of FIR against BJP leaders Anurag Thakur and Parvesh Verma for their alleged hate speeches during the 2020 Delhi riots to October 3. A bench of Justices Abhay S Oka and Pankaj Mithal deferred the hearing of the case after Additional Solicitor General SV Raju, appearing for Delhi Police, submitted a request for adjournment. The petitioners opposed the Delhi police's request for adjournment. The bench said no further adjournment will be granted to Delhi police in the case. «A prayer for adjournment made by the respondent is opposed by counsel for the petitioners.

Bankrupt crypto exchange FTX’s Solana wallet has moved $10 million in altocoins to Ethereum network through the Wormhole bridge in the last 4 days, sparking fears of more token dumps in the market. 

Supreme Court judge P K Mishra on Friday recused himself from hearing the bail plea of former Delhi minister Satyendar Jain in a money laundering case. The Enforcement Directorate (ED) had arrested Jain on May 30 last year on the charge of laundering money through four companies allegedly linked to him. As the matter came before the bench headed by Justice A S Bopanna, he told senior advocate Abhishek Singhvi, appearing for Jain, that it would not be able to take up the matter. «We are unable to take it up before this bench,» Justice Bopanna said. The bench directed that the matter be placed before Chief Justice D Y Chandrachud to get appropriate orders for reassignment to a bench. «Obtain orders from the Chief Justice to place it before a bench of which one of us (Justice Mishra) is not a part,» Justice Bopanna said.

Retired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name.

Supreme Court is scheduled to resume hearing on Thursday a clutch of petitions challenging the remission granted to all 11 convicts in the Bilkis Bano gang-rape case and murder of seven of her family members during the 2002 Gujarat riots. A bench of Justices BV Nagarathna and Ujjal Bhuyan, which is hearing the final arguments on the pleas challenging the remission granted to the convicts, will hear for the seventh day the submissions of the accused who are defending their release. While hearing the arguments on August 24, the top court had said, «Law is supposed to be a noble profession,» as it voiced surprise over how can one of the convicts in the case practice law after his conviction, the remission of his sentence notwithstanding. The issue came to the court's notice when advocate Rishi Malhotra, defending the remission granted to Radheshyam Shah, told the bench that his client had served over 15 years of actual sentence and the state government gave him the relief after taking note of his conduct. The Gujarat government had released all 11 convicts in the case on the basis of the 1992 remission policy and not the policy adopted in 2014, which is now in force. Under the 2014 policy, the state cannot grant remission for a crime investigated by the CBI or where people have been convicted of murder with rape or gang-rape. Besides the petition filed by Bilkis Bano, contesting the remission granted to them, several other PILs including one by CPI(M) leader Subhashini Ali, independent journalist Revati Laul and former vice-chancellor of Lucknow University Roop Rekha Verma have challenged the remission.

Moneycontrol, the case has been scheduled for a conclusive hearing on September 8. Punit Goenka, the former CEO of Zee Entertainment Enterprises Ltd (ZEEL), has challenged a Sebi ruling that prohibits him from occupying directorial or significant managerial roles within the company and other entities. The appellate tribunal further said that it is not satisfied with the amount of time taken by Sebi for investigation.

SAT) on Wednesday refused to provide an interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, in SEBI case, reported ET NOW. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for September 8, 2023. Goenka had moved the SAT against a SEBI order barring him from holding key positions in four Zee group firms and in the merged entity of ZEEL and Sony Pictures Networks India.

Business Today reported. As reported by Business Today, the constitution bench led by the Chief Justice of India will persist in addressing petitions that contest the revocation of Article 370. The report noted that Sebi submitted a status report on August 25 concerning its inquiry into the accusations made by short-seller Hindenburg Research in its January report against the diversified conglomerate Adani, which is involved in port and energy operations.

With Adani Enterprises rallying up to 2%, nine out of 10 Adani stocks were trading in the green. Shares of Adani Power, Ambuja Cements and Adani Ports were trading over 1% higher. Last Friday, markets regulator Sebi had told the apex court that it has completed the investigation into whether Adani Group companies violated securities laws. In a status report, Sebi gave a detailed breakdown of the steps taken during its investigation but does not reveal specific findings.

Allahabad High Court on Monday fixed September 12 as the next date of hearing in the Gyanvapi mosque-Kashi Vishwanath temple dispute. A single bench had last month reserved its verdict for pronouncement on Monday, August 28, but on Friday last week, the matter was suddenly transferred for hearing by the bench of chief justice of the high court, a development that the Anjuman Intezamia Mosque Committee questioned. Verdict on five matters, including a challenge to the maintainability of the 1991 suit which claimed that the Gyanvapi mosque was built on the structure of the old Shiva temple and sought the declaration of the mosque as part of the temple as well as a challenge to the 2021 order of a Varanasi court directing the Archaeological Survey of India to conduct a comprehensive survey of the mosque was to be delivered on Monday. The single judge bench of Justice Prakash Padia had, after months of hearing, fixed August 28 as the date of delivery of his verdict on the pleas.

Article 35A of the Indian Constitution that was scrapped in 2019, ‘took away fundamental rights’. The CJI made the comments during the hearing of petition challenging the abrogation of Jammu and Kashmir's special status. A Supreme Court bench comprising Chief Justice of India DY Chandrachud, and Justices Sanjay Kishan Kaul, Sanjiv Khanna, BR Gavai and Surya Kant for the eleventh day on Monday, continued hearing petitions challenging the Centre's decision to repeal the special status of Jammu and Kashmir by diluting Article 370 and Article 35A.

The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month.

MEXICO CITY (Reuters) — A U.S. judge has canceled a hearing on a $10 billion lawsuit filed by Mexico seeking to hold U.S. gun manufacturers responsible for facilitating arms trafficking to drug cartels, Mexico's foreign ministry said on Saturday.

Arvind Kejriwal, his party colleague and AAP Rajya Sabha MP Sanjay Singh to expeditiously hear their application challenging summons issued to them by a trial court in a criminal defamation case pertaining to their remarks on Prime Minister Narendra Modi's degree. The court of sessions judge A V Hirpara rejected the Aam Aadmi Party (AAP) leaders' plea for expeditious hearing in the case filed against them by Gujarat University over their «sarcastic» and «derogatory» statement in connection with the prime minister's degree. Kejriwal, who is also the AAP convenor, and Singh had on Monday requested the sessions court to hear their plea, challenging the summons by the metropolitan court, expeditiously after it adjourned the hearing to September 16. Through their lawyer, the AAP leaders requested the court to hear their plea before the connected matters come up for hearing in the Gujarat High Court on August 29, and in the metropolitan court on August 31. Kejriwal and Singh had approached the HC for a stay on the criminal defamation proceedings against them till the disposal of their revision plea in the sessions court. The HC, had on August 11, issued notices to the state government and Gujarat University registrar Piyush Patel returnable on August 29.

Supreme Court over the legality of driving-licence holders for light motor vehicles (LMVs) operating commercial vehicles without any additional endorsement has multiple stakeholders including drivers, fleet operators and cab aggregators worried, as a reversal of an older ruling could hurt them. A division bench of the top court in 2017 ruled that holders of LMV licences should be allowed to operate transport, or commercial vehicles, as long as the vehicles were up to 7,500 kg of unladen weight. In 2018, the Ministry of Road Transport and Highways issued a notification complying with the court order. Insurance companies appealed against the order before a three-member bench, arguing that this put the safety of people at risk. The bench referred the matter to a five-judge constitution bench, which at a hearing on July 20 asked the ministry to submit its position on the matter.

Tata Communications has challenged Telecom Department's Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department of Telecom (DoT) in its demand letter dated August 8, 2023, has raised certain license-fee demands of Rs 991.54 crore pertaining to FY 2006-07 (international long-distance and internet service provider) and FY 2007-08 (NLD, ILD and ISP).

Supreme Court has agreed for early hearing on pleas filed by the CBI challenging the bail granted by the Jharkhand High Court to RJD President Lalu Prasad in connection with multi-crore fodder scam. As per the details available on the apex court's website, the matter is likely to be taken up for hearing on August 25.

National Company Law Tribunal Thursday asked Spicejet to satisfy why a notice in a petition filed by aircraft lessor Aircastle (Ireland) Limited should not be served to the airline. The counsel from Aircastle (Ireland) Ltd placed three judgments on record pointing that the same operational creditor could file separate petitions if the invoices were over Rs 1 crore threshold prescribed for insolvency cases. At the earlier hearing, the tribunal had asked the lessor to satisfy if the same operational creditor could file multiple petitions.