Justice Financial News

Dickey Alternative Investment Trust and Adani Power Ltd on Wednesday moved the Supreme Court challenging the National Company Law Appellate Tribunal's order asking it to maintain status quo on implementation of the consortium's resolution plan for debt-laden Coastal Energen. A Bench led by Chief Justice DY Chandrachud posted the matter for hearing on Thursday after Solicitor General Tushar Mehta and senior counsel Abhishek Manu Singhvi sought urgent hearing in the case. While observing that prima facie due process was not followed and members of the consortium should not be allowed to make any gains, the NCLAT on Friday directed that the erstwhile resolution professional would continue to run Coastal Energen's power plant in Thootukudi, Tamil Nadu, until September 18, the next date of hearing. And any money generated during this period would be kept in an escrow account, it held.

The European Union’s top court has rejected Apple’s final legal challenge against an order from the bloc’s executive commission to repay 13 billion euros ($14.34 billion) in back taxes to Ireland, bringing an end to the long-running dispute

TMC leader has criticised the agitating medics for defying the Supreme Court directive to rejoin work by 5 PM on Tuesday and has dubbed the protesting doctors as «anti-nationals». In a purported video clip, TMC leader Chandan Mukhopadhyay, a panchayat leader of Baduria in North 24 Parganas, was seen making the remarks at a party programme. The authenticity of the video could not be independently verified by PTI. «Despite the Supreme Court order, the agitating doctors are continuing with their protest. They have forgotten their solemn duty of serving the people. These agitating doctors are nothing but anti-nationals. Immediate action must be taken against such doctors who have defied court orders,» he was heard saying in the video.

Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approved its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case. The plea was mentioned by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest. The submission was supported by Solicitor General Tushar Mehta, appearing for the BCCI, and senior lawyer Abhishek Singhvi, also appearing for the ed-tech firm.

Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution Process (CIRP). On Tuesday, the division bench of Justice Ashok Bhushan and technical members Barun Mitra and Arun Baroka, while suspending the National Company Law Tribunal (NCLT) order observed that Section 9 Application has been resorted as a recovery mechanism which is not permissible under the IBC. “Appellant (Essar Oil and Gas Exploration) is a healthy company which has a turnover of Rs 800 crores and about 425 Employees are working,” observed the appellate tribunal. “Section 9 application ought not to have been admitted by the adjudicating authority and the adjudicating authority has in the order although noticed the settlement but has not appropriately dealt with the settlement,” noted the appellate tribunal in its order.

Donald Trump. According to the court's order, Kennedy has not shown an entitlement to this extraordinary relief. Based on the idea that some voters who were aware of Kennedy's endorsement might have supported Trump more if his name was not on the ballot, the decision is perceived as potentially benefiting Democratic Vice President Kamala Harris at Trump's expense. Also Read: Deep rate cuts needed to prevent a US recession, says Noble-winning economist Joseph Stiglitz

Coutts, Alta.Anthony Olienick showed no emotion while Chris Carbert appeared glum and folded his arms, as the sentence was read out in Court of King’s Bench on Monday.Neither are to serve their full sentences, as Justice David Labrenz gave them nearly four years credit for time they have already spent in custody.Both were convicted of mischief and possession of a firearm dangerous to the public peace, while Olienick was also found guilty of possession of a pipe bomb.A jury found them not guilty of the most serious charge they faced — conspiracy to murder police officers at the blockade.The blockade halted traffic at the border crossing for two weeks in 2022 in a protest of COVID-19 rules and vaccine mandates.The men were charged after RCMP found guns, ammunition and body armour in trailers near the blockade.Labrenz said while the men believed their cause just, they can’t be allowed to take the law into their own hands.“Both Olienick and Carbert used the blockade as a last stand against police,” the judge said in his sentencing decision.“(They) knew they were actively participating in something that was illegal, but they didn’t care because they thought their cause had been worthy.”He added, “The law does not allow people to take the law into their own hands.“Both men bear a high degree of moral culpability.”Olienick and Carbert have been in custody since they were arrested in February 2022.Prior to sentencing, they were given a chance to address the court.Carbert declined, but Olienick said he is a better man as a result of his time in custody.“It has given me time to indulge in God’s work,” he said, reading from a prepared statement.“I will continue to help others.”Olienick was given six years for possession for the

Rajya Sabha member Upendra Kushwaha on Tuesday attacked the collegium system for appointing judges and alleged that it prevented those from backward groups from being appointed in the higher judiciary. The Rashtriya Lok Morcha leader, who recently took oath as a Rajya Sabha member from Bihar, said at a press conference that the «lack of democracy in the judiciary» would be among the issues he would raise in Parliament.

Former Canadian fashion mogul Peter Nygard has been sentenced in a Toronto courtroom to 11 years in prison for sexually assaulting four women

New Delhi: The Apna Dal (S), a BJP ally, has asked that the government support reserved category candidates in the teacher recruitment case in Uttar Pradesh.

RG Kar Medical College and Hospital, a crucial document pertaining to her postmortem was found «unavailable» for the Supreme Court's perusal on Monday.

Brevity has its own advantages. And the country's top judge, Chief Justice of India DY Chandrachud, makes the most of it in his administrative avatar. On Monday, he disclosed that he marks a case with «NTD» — which means «not to be deleted» — to ensure that the registry does not delete the said case fixed for hearing on a certain date. He disclosed this on the request of a counsel urging that his case be not deleted from the cause list already fixed for hearing. Apple iPhone 16 LaunchA

Former fashion mogul Peter Nygard has been sentenced to 11 years in prison for sexual assault convictions in Toronto from the ’80s to mid-2000s.

SEBI) and the country’s two stock exchanges –National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the Supreme Court on Monday set aside a Bombay High Court order that imposed a cost of Rs 80 lakh on them for “illegally” freezing the demat accounts of two Mumbai residents Dr Pradeep Mehta and his son Neil Pradeep Mehta. Their demat accounts were erroneously frozen in 2017 as Pradeep Mehta happened to be one of the promoters of Shrenuj & Co at one point of time. Shrenuj could not file its quarterly earnings for April-June, July-September and October-December in 2016.

A Lebanese judge has ruled that the country’s former central bank chief will remain in jail while facing charges of embezzling tens of millions of dollars from state coffers

gender-based violence persists across sectors—civic life, business, entertainment, and politics. Legislative attempts to curb sexual violence have been made. The Criminal Law (Amendment) Act of 2013, passed after the 2012 Delhi rape case, aimed to tighten laws against sexual violence.

One month after a judge declared Google’s search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company

Article 370 in Jammu and Kashmir draws near, several organisations of the Kashmiri Pandit community has decided to refrain from the electoral process in the Union Territory over «persistent denial of their genocide». The decision to abstain from the polling was taken at Kashmiri pandit citizens meet held here in the light of the Assembly elections scheduled to take place in three phases on September 18, 25 and October 1. The event, attended by a significant number of Kashmiri Pandit leaders, focused on the ethical and political dilemma of participating in an election that «continues to disregard the community's demand for recognition of their genocide» and the resultant «forced exodus» from their homeland. «For decades now, we have been a community in exile, watching as successive governments and political parties utilise our exodus and our suffering as talking points during elections. Yet, when it comes to addressing our demands for justice — recognising our genocide, facilitating our return to our homeland with dignity, and restoring our rights — we are met with silence.

Enforcement Directorate (ED) will focus more on restoration of assets and properties to people defrauded by wrongdoers booked by the agency under the Prevention of Money Laundering Act (PMLA) besides expediting the conclusion of its investigations, people aware of the development told ET. The top brass of the federal agency recently held meetings to discuss the issue and take a conscious decision to ensure restitution of assets to victims, they said. ED officials are also identifying cases in which restitution of assets can be expedited, they said.

It allowed unlicensed money transfers from around the world to reach gamblers.

Assam chief minister Himanta Biswa Sarma said that thegovernment has discussed on the recommendations of Justice (Retd) Biplab Sarma Commission, which was constituted by the Ministry of Home Affairs, Government of India, to implement Clause 6 of the Assam Accord. State government will in consultation with All Assam Students Union (AASU) will implement 52 by April 2025. Sarma said that there will be regular meeting with AASU. “There will consultation with sixth schedule councils and people in Barak valley. However, for implementing these recommendations in Brahmaputra valley we do not require any consultation with this bodies.” Assam government stated after detailed consideration, Cabinet has accorded approval to implement 57 out of the 67 recommendations made by the Commission. For the remaining 10 recommendations, in-depth discussions will be held with the Government of India. These recommendations will be applicable across the State except 6th Schedule areas and Barak Valley. In these regions, the recommendations will be implemented only after concurrence of the authorities and the people in those regions.