Justice Financial News

Supreme Court has sought response from the government, the Directorate General of Foreign Trade (DGFT), National Cooperative Exports Ltd and others on a plea challenging validity of two notifications prohibiting the export of non-basmati white rice since July 20. The petitioner, Rika Global Impex Ltd, has also challenged the DGFT's notification of September last year allowing export of 75,000 MT of non-basmati white rice to the United Arab Emirates only through the National Co-operative Exports Ltd. A Bench led by Justice B.V. Nagarathna also issued notice to the customs department on Rika’s petition alleging that the notifications were «ultra vires» to the Foreign Trade Policy, 2023 and liable to be set aside on account of «doctrine of legitimate expectation.”

The Michigan Supreme Court has overruled the Legislature and reinstated major changes to the state’s minimum wage and sick leave laws

P Chidambaram said the entire exercise of enacting the new criminal laws was wasteful and 95 percent of the criminal procedure has been copied and pasted.

Court on Wednesday directed SpiceJet Ltd's chief financial officer to appear before it on August 8, if the airline failed to make the balance payment of Rs 20 crore to its engine lessors--Team France 01 SAS and Sunbird France 02 SAS.

Delhi High Court on Wednesday pulled up authorities over the deaths of three UPSC aspirants who drowned in the basement of a coaching centre, saying such tragedies are bound to happen when there is no collection of taxes due to a "freebies culture". A bench headed by Acting Chief Justice Manmohan said a «strange probe» was going on with police action against the passerby who drove a car but no action against MCD officials.

The federal government alleges in a lawsuit against Norfolk Southern that the railroad has been causing chronic delays for Amtrak between New York and New Orleans by forcing the passenger trains to wait while its massive freight trains pass

RBI on Tuesday issued a Master Direction on the Treatment of Wilful Defaulters and Large Defaulters under which banks and NBFCs will have to examine the 'wilful default' aspect in all non-performing asset accounts with outstanding amounts of Rs 25 lakh and above.

Famed short-seller Andrew Left pleaded not guilty to US charges that he committed fraud, setting the stage for a high-profile legal battle over his strategies.

periodic pay hikes or annual increments can be considered permanent employees. This decision came while the court partly allowed a revision petition for an increase in compensation related to a road accident case. The court thereby increased the compensation by over Rs 2.72 lakh, a TOI report stated.

In a fresh broadside against one of the world’s most popular technology companies, the Justice Department has accused TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abo...

CBI) on Monday called Chief Minister Arvind Kejriwal as the 'sutradhar' of the excise policy case, during the hearing of the bail plea of the Aam Aadmi Party (AAP) supremo in the Delhi High Court.

Supreme Court on Monday sought responses from Ajit Pawar and his 40 MLAs on a plea of the Sharad Pawar faction challenging Maharashtra assembly Speaker Rahul Narwekar's decision declaring the group led by the deputy chief minister as the real Nationalist Congress Party (NCP). A bench headed by Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra took note of the submissions of senior advocate Abhishek Singhvi, appearing for the Sharad Pawar faction, that the plea needed urgent hearing keeping in mind the short remnant tenure of the state assembly. The term of the state assembly expires in November this year.

Bombay High Court on Monday imposed a cost of Rs 4 crore on Patanjali Ayurved Ltd for the alleged breach of a 2023 interim order that restrained the company from selling its camphor products in relation to a trademark infringement case filed by Mangalam Organics Ltd. A single bench of Justice R I Chagla noted that there was a «wilful and deliberate» breach of the court order by Patanjali.

Supreme Court on Monday adjourned till August 5 on AAP leader Manish Sisodia's bail petition challenging the Delhi High Court order rejecting his bail plea in an excise policy money laundering case.

UPSC aspirants at a coaching centre in Delhi, Rajya Sabha Chairman Jagdeep Dhankar said on Monday that coaching has become «virtually commerce.»

Ravindra Waikar on a petition filed by Shiv Sena (UBT) candidate Amol Kirtikar challenging his election from Mumbai North West Lok Sabha seat. Kirtikar had lost to Waikar, who is part of the faction led by Chief Minister Eknath Shinde, by a narrow margin of 48 votes.

Gujarat High Court has issued summons to the Bharatiya Janata Party MP from the Surat Lok Sabha constituency, Mukesh Dalal, over two petitions challenging his uncontested victory. The court of Justice JC Doshi issued summons to Dalal, directing him to respond by August 9, after the matter came up for hearing on July 25, the lawyer for petitioners PS Champaneri said on Sunday.

Former President Donald Trump burnished his credentials as Bitcoin’s best friend with a series of major announcements, including adding crypto to the government’s reserves, in a barnstorming speech to assembled crypto devotees at the Bitcoin 2024 Nashville conference.

Supreme Court is scheduled to hear on Monday Aam Aadmi Party (AAP) leader Manish Sisodia's bail pleas in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The former deputy chief minister of Delhi has sought bail contending that he has been in custody for 16 months and the trial against him has not made any progress since October last year.

Supreme Court is scheduled to hear on July 29 an Enforcement Directorate plea challenging the Jharkhand High Court's order granting bail to Chief Minister Hemant Soren in a money laundering case linked to an alleged land scam. A bench of Justices B R Gavai and K V Viswanathan is scheduled to hear the federal agency's plea against the June 28 order of the high court.

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme