Justice Financial News

Bombay High Court has declared ank of India’s decision to declare Pune Buildtech Pvt Ltd ‘fraud’ as null and void and also the inclusion of the realty firm’s name in any such list/communication blacklisting the company from availing of institutionalised credit as null and void. In another separate order, the court has also directed the lender to remove the company’s name from the list of ‘wilful defaulters’ and has also directed the bank to recall any information sent by it to any Credit Information Company declaring Pune Buildtech as wilful defaulters. “It is not in dispute that the entire settlement amount as mentioned in the Consent Terms (Rs 703.35 Crores) has been paid by the petitioners to Bank of India sometime in June 2024,” observed the division bench of Justice BP Colabawalla and Justice Somasekhar Sundaresan in its order of October 8. “Despite this, and after receiving the entire amount, we fail to understand how Bank of India could continue with the proceedings initiated for declaring the Petitioners as wilful defaulters after issuing a ‘No Dues Certificate’ to the petitioners (Pune Buildtech).”

Toronto-Dominion Bank is facing a cap on its asset expansion in the United States and being fined about US$3.1 billion for failing to monitor money laundering activities through its branches, say the U.S. Department of Justice and other U.S. regulators.

Toronto-Dominion Bank is facing a cap on future asset expansion in the United States and is being fined about US$3 billion for failing to monitor activities linked to money laundering, according to the U.S. Department of Justice and other regulators.

Supreme Court on Monday extended stay on defamation proceedings against Congress MP Shashi Tharoor in trial court'Scorpion' remark against Prime Minister Narendra Modi. While hearing Tharoor's plea on September 10, the apex court had stayed the proceedings before a trial court in the defamation case filed against the Congress MP. The top court had also issued notice to the Delhi Police and BJP leader Rajiv Babbar, who is the complainant in the case, seeking their responses on the plea.

Bills aimed to reduce West Virginians’ income tax burden are headed to the desk of Gov. Jim Justice

The social media platform X is returning to Brazil after remaining inaccessible for more than a month following a clash between its owner, Elon Musk, and a justice on the country’s highest court

Delhi High Court on Wednesday granted BJP leader Subramanian Swamy time to file a copy of petition pending before the Allahabad High Court on the issue of Congress leader Rahul Gandhi's citizenship. The court was informed by Swamy that he had obtained the copy of the petition and the prayers in that matter are different from that of his pleadings. A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela asked the petitioner to file the documents in electronic form in compliance with its last order and listed his plea for further hearing on November 6. The bench was hearing a plea by Swamy seeking directions to the Ministry of Home Affairs (MHA) to decide his representation seeking cancellation of Rahul Gandhi's Indian citizenship.

A 2021 analysis of China’s foreign interference operations intended to spark discussion among senior government figures did not make it to Prime Minister Justin Trudeau or cabinet ministers, the Hogue commission heard Monday.

The Supreme Court on Monday rejected an appeal from Martin Shkreli, who was once dubbed “Pharma Bro” after jacking up the price of a lifesaving drug

West Bengal government urging them to return to work, junior doctors continued their 'fast-unto-death' for the fourth consecutive day on Tuesday amid Durga Puja festivities demanding justice for the RG Kar rape-murder victim, even as around 15 senior doctors joined them in solidarity by staging a symbolic hunger strike.

The global soccer transfer market is worth more than $10 billion each season but is facing a revolutionary overhaul or a nuanced evolution following last week’s ruling by the European Court of Justice in the Lassana Diarra case

The Supreme Court says it won't hear an appeal from the social media platform X over a search warrant prosecutors obtained in the election-interference case against former President Donald Trump

A former Singaporean Cabinet minister has begun a one-year prison term for receiving illegal gifts

A coal miner has died nearly a week after being injured on the job in northern West Virginia

The Supreme Court has left in place two Biden administration environmental regulations aimed at reducing emissions of planet-warming methane and toxic mercury

Kim Kardashian is requesting to free Erik and Lyle Menendez, who were sentenced to prison after their gruesome act of brutally killing their parents.

junior doctors demanding justice for the RG Kar medic on Friday evening called off their 'total cease work' at state-run medical colleges and hospitals but threatened to launch a hunger strike till death if their demands were not met by the West Bengal government within 24 hours. «We are calling off our 'total cease work' and returning to duties. But we will continue our sit-in protest. We will give the state administration 24 hours to fulfill our demands or else we will start a hunger strike till death,» an agitating doctor, Debasish Halder of Kolkata Medical College and Hospital, said. Braving the incessant drizzle, junior doctors holding one big clock in their hands reiterated their demands including the directive to form a central inquiry committee for disciplinary proceedings against alleged perpetrators involved in «threat culture» in all medical colleges of West Bengal, among others. «But the state government must not think that we are calling off our agitation as we are scared. If they think there is nobody with us, they are wrong. We have full support of the common people,» he said.

The Supreme Court said Friday it will decide whether to block a $10 billion lawsuit Mexico filed against leading U.S. gun manufacturers over allegations their commercial practices have helped caused much bloodshed there

Supreme Court has dismissed a batch of pleas seeking review of its judgment which held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes for granting reservation. A seven-judge Constitution bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai, Vikram Nath, Bela Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma said there is no error apparent on the face of the record. The top court also rejected applications for listing the review petitions in open court. Justice Trivedi, who had written a separate dissenting judgment in the case, was also part of seven-judge bench which dismissed the pleas seeking review of the majority verdict.

Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives for safety issues that have impacted its airplanes

Supreme Court on Thursday put an end to caste-based discrimination in prisons dubbing it unconstitutional. A bench, headed by CJI DY Chandrachud, directed the central government to make changes in the jail manuals that perpetuate such practices. The bench ordered that the caste column and any reference to caste in undertrial and/or convicts /prisoners/ registers inside the prisons shall be removed. The bench ruled that such a jail manual, which discriminates by assigning cleaning and sweeping tasks to lower castes and cooking to higher castes, is in violation of Article 15 (which prohibits discrimination against citizens). SC directed the Centre to make necessary changes to address caste-based discrimination in the Model Prison Manual 2016 and Model Prisons and Correctional Services Act 2023. The Centre has been given three months' time to make the said changes.