Justice Financial News

NEW DELHI : The Supreme Court on Monday deferred hearing on a plea by Jet Airways' lenders, challenging the decision of the National Company Law Appellate Tribunal (NCLAT) to approve the resolution plan proposed by the Jalan-Kalrock consortium for the bankrupt airline. The court will now hear the case on Friday. During Monday's proceedings, lenders, led by the State Bank of India (SBI), termed the NCLAT's judgment as "shocking", citing its deviation from a previous Supreme Court ruling on the encashment of a ₹150 crore bank guarantee.

The U.S. Supreme Court is set to hear oral arguments in a case filed by Starbucks against the National Labor Relations Board

Pakistan Prime Minister Imran Khan wrote a letter to Chief Justice of Pakistan (CJP) Qazi Faez Isa on Saturday, demanding punishment for those who have subverted the Constitution in matters related to allegations by six Islamabad High Court (IHC) judges about interference in judicial affairs by the country's intelligence apparatus, Pakistan-based Dawn reported. The development comes after six Islamabad High Court judges made allegations against interference in judicial affairs by Pakistan's intelligence apparatus.

resolution plan proposed by the Jalan-Kalrock consortium for the bankrupt airline. In its order last month, the NCLAT had directed the airline's lenders to transfer the company to its successful bidder, the Jalan-Kalrock consortium (JKC), within 90 days. A Supreme Court bench, headed by Chief Justice D.Y.

New York lawmakers have approved a $237 billion state budget that includes plans to spur housing construction, combat unlicensed marijuana stores and address the migrant crisis

Supreme Court is scheduled to hear on Monday a plea of a 14-year-old alleged rape victim, seeking termination of her 28-week pregnancy. As per the apex court's website, a bench of Chief Justice D Y Chandrachud and Justice J B Pardiwala will take up her case as the first item on Monday. On April 19, the top court had ordered her medical examination on the plea moved by her mother, challenging the Bombay High Court decision declining to allow the termination of the pregnancy owing to the advanced stage. It had sought a report from Mumbai's Sion hospital about the girl's possible physical and psychological condition if she undergoes medical termination of pregnancy or if she is advised against it.

Amit Shah said on Sunday Gorkhas in Darjeeling will get their rightful justice and recognition of 11 tribes, which is a long-time demand of Gorkhas is under consideration. Welfare of Gorkhas is of prime importance to Bharatiya Janata Party, Shah said to people assembled in Darjeeling's Lebong at a public rally, through BJP Darjeeling candidate's mobile phone after his chopper could not land in Darjeeling's Lebong due to heavy cloud. «We stand with you in your fight for justice. The recognition of 11 tribes' which is a demand of Gorkhas is under consideration. The sacrifice of Gorkhas for this country is immense and we are aware of it,» Shah said. He also apologized to people for failing to reach Darjeeling. «My helicopter could not land in Darjeeling due to bad weather and heavy clouds. I apologize for that. But rumours are being spread about it. Please vote for Raju Bista who is the son of the soil,» Shah urged people assembled there.

Maharashtra's transport commissioner imposing certain conditions while deciding on applications for registration of vehicles under the BH series. A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla, in its judgment on April 12, said the circular was issued «without any authority and, hence, flawed and illegal.» The court was hearing a petition filed by a civil judge challenging the circular and denial of his application seeking registration of his vehicle under the BH series, which was introduced by the government of India in 2021 to facilitate convenient transfer of vehicles in different states and Union Territories. According to Mahendra Patil, senior civil judge in the Maharashtra State Judicial Services, he submitted his official identity card, which as per the conditions is the only compliance required to be furnished.

Delhi High Court will on Monday hear Chief Minister Arvind Kejriwal's petition challenging the summonses issued to him by the Enforcement Directorate in connection with its probe into an excise policy-linked money laundering case. Kejriwal, arrested by the agency on March 21 after the high court refused to grant him interim protection from coercive action, has also challenged the constitutional validity of certain provisions of the Prevention of Money Laundering Act with respect to arrest, questioning and grant of bail. The plea is scheduled for hearing before the bench of Justice Suresh Kumar Kait and Justice Manoj Jain. The AAP national convenor had approached the high court in the wake of the ninth summons issued by the ED asking him to appear before it on March 21. The high court bench on March 20 asked the ED to file its reply with respect to the maintainability of the petition.

CBI) probe into the murder of Neha, "if the Karnataka police unable to handle the investigation of the case". Neha was stabbed to death by her former classmate in the premises of her college in Karnataka's Dharwad on April 18 sparking widespread protests across state.

CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to "pre-trial conviction" of the banker. Kapoor walked out of jail on Friday evening after being granted bail by special CBI Judge M G Deshpande in the last pending case against him, also involving the Avantha Group. Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED). He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at the Yes Bank. The court, in its order that was made available on Saturday, said there is no justification as to why the applicant, who has already spent over 4 years in custody for numerous other cases, should be detained further, especially when he has been granted bail in all other cases. Kapoor's continued detention «would amount to pre-trial conviction», the judge said. It noted the prosecution failed to satisfy the court «regarding the commencement and conclusion of simultaneous trials for this CBI Special case and PMLA Special case (against him)».

CJI Chandrachud said, “I think that the enactment of three new criminal laws by the Parliament is a clear indicator that India is changing. India is on a move, and we do need new legal instruments to deal with the current challenges that we envisage for the future of our society…" "These laws signify a watershed moment for our society because no law affects the day-to-day conduct of our society like the criminal law.

TORONTO — TD Bank chief executive Bharat Masrani says he hopes to be able to say more soon on the investigation into the bank’s anti-money laundering measures.

A U.S. congressional committee has released confidential Brazilian court orders to suspend accounts on the social media platform X

Indian elections get underway this Friday with polling booths thrown open for us to pick members of the 18th Lok Sabha. As voters scan the list of candidates on electronic voting machines, looking for which button to press, we can safely assume that party symbols will catch their attention before they can read the names of people in the fray. In many cases, that will be the only cue needed for a vote to be cast.

The Supreme Court has made it easier for workers who are transferred from one job to another against their will to pursue job discrimination claims under federal civil rights law, even when they are not demoted or docked pay

Pakistan Army has constituted a high-level inquiry committee headed by a major general to look into the allegations against Lt-Gen (retd) Faiz Hameed that he as the Inter-Services Intelligence (ISI) director-general misused his authority, according to a media report on Thursday. The inquiry has been ordered according to the orders of the Supreme Court and in the light of the directives of the Ministry of Defence, The Express Tribune newspaper reported. This is the first formal inquiry ordered against Gen Faiz, who resigned in November 2022, four months before his retirement. Faiz served as the Director-General Counter Intelligence in the ISI and later headed the same spy agency. His name surfaced in many controversies, including the Faizabad Dharna case.

struggling edtech firm. Teleperformance Business Services, an operational creditor, had initiated insolvency proceedings after Byju's failed to make a ₹5 crore payment. Byju's senior counsel, Promod Nair, requested additional time from the tribunal to reach an agreement with Teleperformance Business Services.

An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer.

electoral bonds scheme introduced by the central government on January 2, 2018 as an alternative to cash donations made to political parties to bring transparency in political funding. Last year, a five-judge Constitution bench headed by Chief Justice DY Chandrachud had reserved its verdict in the matter on November 2. The hearing commenced on October 31, 2023 by bench comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra.

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government