Bengaluru Court Grants Bail To TN Minister Udhayanidhi Stalin In Case Registered Over His Remarks Against Sanatan Dharma

A city court in Bengaluru on Tuesday granted bail to Tamil Nadu Minister Udhayanidhi Stalin in a case registered against him after his controversial remarks about Sanatana Dharma.Udhayanidhi had made the statements in a seminar organised in Chennai for the eradication of Sanatana Dharma. The Minister had said that Sanatana Dharma was like HIV, AIDS, and Malaria, and rather than opposing it,...

Bar Council Of India Bars 7 Law Colleges From Admitting Students

The Bar Council of India has barred 7 law colleges from admitting students from the 2024-2025 academic year until further orders.They are :1. HS Law College, Agra Road, Etah, Uttar Pradesh (Affiliated from Dr.Bhim Rao Ambedkar University, Agra).2. Master Somnath Law College, 5, KM Stone from Saras Circle, NH-11, Agra Road, Bharatpur, Rajasthan(Affiliated from Dr.Bhim Rao Ambedkar...

SEBI Imposes Penalties On Reliance Infrastructure, Reliance Power, And Five Others For Non-Submission Of NDS

The Securities and Exchange Board of India (SEBI), the capital markets regulator, has imposed penalties on seven entities for failing to submit No Default Statements (NDS) to credit rating agencies (CRAs). The entities include major corporations such as Reliance Infrastructure, Reliance Power, and Incredible Realcon. SEBI imposed fines on the...

SEBI Imposes Penalties Totaling Rs 35 Lakh On OP Jindal Group Company Hexa Tradex Ltd and Associated Entities For Regulatory Violations

The Securities and Exchange Board of India (SEBI) has imposed penalties amounting to Rs 35 lakh on OP Jindal group company Hexa Tradex Ltd (HTL) and its affiliated entities for multiple breaches of regulatory norms. The penalties were levied following SEBI's investigation into allegations of non-compliance with delisting regulations and other disclosure obligations. The...

Financial Intelligence Unit Penalizes Binance $2.25 Million For Anti-Money Laundering Violations

The Financial Intelligence Unit of India (FIU-IND) has imposed a penalty on Binance, the world's largest cryptocurrency exchange, for violations of anti-money laundering (AML) regulations. The fine amounts to Rs 18.82 crore ($2.25 million) against the offshore cryptocurrency exchange. According to the FIU-IND, Binance failed to comply with the statutory obligations outlined under...

PwD Chief Commissioner Directs Radisson Blu To Ensure Accessible Payment Device For Persons With Disabilities In Their Hotels

The Chief Commissioner for Persons with Disabilities (Divyangjan) Court, comprising Rajesh Aggarwal (Chief Commissioner), directed Radisson Blu to ensure accessible payment devices for people with disabilities in their hotels. Additionally, the Court directed the Reserve Bank of India and the Ministry of Consumer Affairs, Food and Public Distribution to ensure the use of accessible...

Bengaluru Court Remands Suraj Revanna To Police Custody In Alleged Sexual Abuse Case Filed By Man

A city court in Bengaluru on Monday sent Janata Dal (S) MLC Suraj Revanna, who has been arrested in connection with a case of alleged sexual abuse of a man, to police custody till July 1. Magistrate KN Shivakumar sent Revanna to the custody of the Karnataka Police Criminal Investigation Department (CID) after earlier remanding him to judicial custody in connection with the case.Notably,...

SEBI Extends Pre-Open Call Auction Session To 60 Minutes To Curb IPO Pricing Manipulation

The Securities and Exchange Board of India (Sebi) has introduced modifications to the call auction session conducted during the pre-open period on stock exchanges. Effective from the 90th day after the issuance of the circular dated June 20, 2024, the new framework extends the duration of the pre-open call auction session to 60 minutes, commencing at 9:00 a.m. This session is crucial...

RBI Revokes License Of City Co-operative Bank, Orders Immediate Winding Up

The Reserve Bank of India (RBI) has cancelled the licence of the City Co-operative Bank Limited, Mumbai, Maharashtra. This decision, as communicated by the RBI, stem from the bank's failure to meet essential financial criteria outlined under the Banking Regulation Act, 1949. The bank was found deficient in adequate capital and sustainable earning prospects, essential components to...

8.6 Lakh Cases Resolved In Second National Lok Adalat 2024 In Gujarat, Award Sums Upto Rs 1341.7 Crores

The second National Lok Adalat for 2024 was organised on June 22nd across Gujarat under the aegis of the National Legal Service Authority (NALSA).The Chief Justice of the Gujarat High Court and Patron-in-Chief of the Gujarat State Legal Service Authority, Justice Sunita Agarwal, along with Senior Most Judge of the Gujarat High Court, Justice Biren A. Vaishnav, provided detailed guidance to...

Chhattisgarh HC Chief Justice Inaugurates 3-Day Advance Training Programme For Legal Aid Defense Counsels

Today, the Chhattisgarh High Court's Chief Justice Ramesh Sinha inaugurated a three-day advanced training program for Legal Aid Defense Counsels, emphasizing the critical role of continuous professional development in ensuring effective legal representation for the underprivileged.Underscoring the crucial role of defense counsels in upholding the right to a fair trial and ensuring justice for...

SEBI Closes Unitech Stock Manipulation Probe, Cites Insufficient Evidence Against Chandra Brothers

The Securities and Exchange Board of India (SEBI) has closed investigation into allegations of stock manipulation against Sanjay Chandra and Ajay Chandra, the former promoters of Unitech Ltd. The investigation, which spanned several years, aimed to determine if the Chandra brothers engaged in fraudulent practices by routing funds through overseas accounts to manipulate the stock...