Justice Financial News

A former Singaporean cabinet minister has been sentenced to a year in prison after he pleaded guilty to charges of receiving illegal gifts, in a rare criminal case involving a minister in the Asian financial hub

legal dispute between fintech BharatPe and its co-founder Ashneer Grover may be designed to free both sides from encumbrances in future business growth. But there's more that needs to be done than just kiss and make up. BharatPe is headed for an IPO and will seek to present a picture of a house in order to investors.

Subscribe to enjoy similar stories. New Delhi: Caught in a cycle of costly legal battles, the Indian government plans to roll out a new national litigation policy aimed at curbing legal expenses, particularly in cases where the government is effectively suing itself, according to officials familiar with the matter. The policy, still under development, will focus on disputes between government entities, such as public sector undertakings (PSUs), which have long been a financial burden on the administration.

Subscribe to enjoy similar stories. The Supreme Court recently reprimanded the ministry of finance for treating Debt Recovery Tribunals as a subordinate entity—a factor that experts say impedes the already overburdened DRTs dealing with hundreds of thousands of pending cases. The rebuke followed a report submitted by the presiding officer of the DRT in Visakhapatnam to the top court, revealing that the quasi-judicial body’s staff had been directed to assist the finance ministry in tasks such as data compilation, undermining the tribunal’s functioning.

Muzaffarnagar's Titora village, Atul Kumar studied for 18 hours a day, taking breaks only for food and sleep, as he prepared for the much-dreaded IIT entrance. Despite the gruelling schedule he sustained for 11 months, the 18-year-old, who almost didn't go to IIT despite cracking the test, advises against letting the pressure get to the head. «At my coaching institute, they said if you think that the IIT entrance examination is tough, then it is indeed tough. And if you consider it as an easy exam, then it is an easy one,» Kumar told PTI. Son of a daily wage labourer, Atul Kumar had lost his seat at IIT-Dhanbad after missing the fee deadline. He got a second chance when in an unprecedented move, the Supreme Court asked the institute to admit him to the BTech course.

Music mogul Sean “Diddy” Combs has retained Sam Bankman-Fried’s lawyer as he appeals a judge’s decision to deny him bail in his ongoing legal battle, according to Business Insider.

Bombay High Court on Tuesday pulled up the special investigation team probing the Badlapur sexual assault incident and questioned why they have still not arrested the two trustees of the school. «The police goes outside (the state) to nab (an accused). How come they have not been able to apprehend these two? Are they waiting for them to get anticipatory bail,» asked a division bench of justice Revati Mohite Dere and Justice Prithviraj Chavan. HC was hearing the suo motu PIL after the assault incident when two kindergarten students of a school were sexually assaulted in the school's toilet by one of the employees.

insolvency law, NCLT President Chief Justice (Retd) Ramalingam Sudhakar on Tuesday stressed on the need for more manpower even as he said despite the limitations, it will show success. The National Company Law Tribunal (NCLT) is a key institution in implementing the Insolvency and Bankruptcy Code (IBC). According to Sudhakar, banks and other financial institutions file petitions containing 20-30 volumes of documents, and there are also innumerable agreements. "… the interpretation of these documents is a legal argument… please don't imagine that NCLT can do some magic by saying admit debt and default… we can't," he said in the context of delays in admitting cases under the IBC.

The U.S. broker-dealer unit of Toronto Dominion Bank TD.TO has agreed to pay over $20 million under a deal with U.S. authorities to settle charges that it manipulated the U.S. Treasuries market.

Bombay High Court on Tuesday refused pre-arrest bail to the chairman and secretary of a school in Maharashtra's Badlapur town where two minor girls were sexually assaulted by a male attendant. A single bench of Justice R N Laddha said prima facie there is material to show the two accused were aware of the alleged incident before August 16 but they failed to take any steps to report the same to police or local authority. Justice Laddha further said the offence is serious and the court has to consider the plight of the minor victims. «The victims are minors. The trauma that they have endured can profoundly affect their adolescent years leaving them with lasting psychological scars,» the court said.

NCLAT) has upheld the tribunal’s order to approve the SKS Power Generation (Chattisgarh) Ltd’s acquisition by BSE-listed Sarda Energy & Minerals Ltd (SEML). The unsuccessful bidders of SKS Power Generation (Chattisgarh) including Torrent Power Ltd, Jindal Power Ltd and Vantage Point Asset Management Pte. had approached the appellate tribunal to challenge the lower tribunal’s order. “We do not find that any sufficient grounds have been made out within the meaning of Section 61(3)(ii) of the IBC to interfere with the decision of the adjudicating authority (NCLT) approving the resolution plan of Sarda, in these appeals filed by unsuccessful resolution applicant,” observed the bench preceded by Justice Ashok Bhushan and technical members Barun Mitra and Arun Baroka.

Subscribe to enjoy similar stories. When Justice B.N. Srikrishna first introduced the concept of data localization into the draft data protection law he proposed in 2018, I was not in favour of it.

Toronto-Dominion Bank will pay more than US$20 million as part of a deal with U.S. prosecutors and regulators to resolve investigations over a former trader’s alleged placement of “spoof” orders to manipulate the U.S. Treasuries market.

DY Chandrachud admonished a lawyer for using the informal term «yeah» while addressing the bench in a court session. The Chief Justice emphasized that such casual language is inappropriate in a courtroom setting. The incident occurred when the lawyer mentioned a 2018 petition in which former Chief Justice of India Ranjan Gogoi was named as a respondent. Chief Justice Chandrachud questioned the validity of filing a Public Interest Litigation (PIL) against a judge. The lawyer responded, «Yeah, yeah, the then CJI Ranjan Gogoi… I was asked to file a curative...» However, he was interrupted by the Chief Justice, who said, «This is not a coffee shop! What is this yeah yeah. I am very allergic to this yeah yeah. This cannot be allowed.»

The U.S. Justice Department said on Friday it charged a Florida man for allegedly threatening to kill one of his opponents in a 2022 Republican primary race for a U.S. House seat, which subsequently was won by Representative Anna Paulina Luna.

Subscribe to enjoy similar stories. When federal agent Chris Janczewski was trying to strangle the flow of money to an al Qaeda network in 2020, he first considered infiltrating an invite-only forum or hunting for clues on the dark web. Then the Internal Revenue Service criminal investigator found the group talking openly about its scheme in a public forum on Telegram—one of the thousands of channels where people discuss illicit activities ranging from peddling child porn to selling stolen identities.

Subscribe to enjoy similar stories. New Delhi: The government is planning to revive the India International Arbitration Centre (IIAC), a statutory body created in 2019, by incentivizing various parties to arbitrate at the New Delhi institution in an effort to increase its case load, two government officials said on the condition of anonymity.

Supreme Court judge Justice Hima Kohli has advocated for a robust national climate law, saying the current environmental legislations are often fragmented and insufficient to tackle the complexities of climate change. Addressing an event on the topic «Climate Liability, Justice, and Jurisprudence» on Friday, she also said the top court's landmark judgment in the M K Ranjit Sinh case paves the way for strengthening India's environmental laws and integrating human rights into climate discussions. «There is a pressing need for comprehensive legislation dedicated specifically for climate change. India has several environmental laws in place, but they are often fragmented and sometimes found to be insufficient to address the multifaceted challenges posed by climate change. »A robust national climate law grounded in constitutional principles and aligned with international obligations is, to my mind, the way forward," she said.

differently-abled children as removal of these obstacles paves the way for integrating them into society, Supreme Court judge B V Nagarathna said on Saturday. The judge was delivering her inaugural address for the two-day event, 'National Annual Stakeholders Consultation on Protecting the Rights of Children Living with Disabilities', organised by the apex court's Juvenile Justice Committee in association with UNICEF. Justice Nagarathna, who is also the committee's Chairperson, said, «In a world where resources are limited and competing priorities abound, ensuring that policies affecting children living with disabilities are grounded in robust data and vigorous research is paramount.» Justice Nagarathna said the handbook on inclusive terminology is being released by Chief Justice of India D Y Chandrachud during the event.

Lawyers for Boeing and families of some people who died in two crashes of Boeing jetliners will go face to face in court next month

Google has called more than a dozen witnesses to defend itself against claims by the Justice Department and a group of state attorneys general that it has a monopoly in advertising software that places ads on web pages, part of a second major federal antitrust trial against the tech giant. Google's lawyers wrapped up their arguments in the case on Friday, and the government will now offer a rebuttal. Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia, who is presiding over the nonjury trial, is expected to deliver a ruling by the end of the year, after both sides summarize their cases in writing and deliver closing arguments. The government last week concluded its main arguments in the case, US et al. v. Google, which was filed last year and accuses Google of building a monopoly over the technology that places ads on websites around the internet.