SEBI Imposes Three-Year Ban On Vijay Mallya For Securities Market Manipulation

The Securities and Exchange Board of India (SEBI) has imposed a three-year ban on Vijay Mallya, a prominent businessman and former chairman of United Breweries Group. This decision bars Mallya from trading in the securities market and prohibits him from associating with any listed company, either directly or indirectly. This decision stems from Mallya's involvement in a scheme...

Delhi Court Grants Bail To Medha Patkar In Defamation Case Filed By LG VK Saxena, Suspends 5-Month Sentence

A Delhi Court on Monday granted bail to Narmada Bachao Andolan leader and activist Medha Patkar in the criminal defamation case lodged against her by Vinai Kumar Saxena in 2001. VK Saxena is presently Delhi's Lieutenant Governor. Additional Sessions Judge Vishal Singh of Saket Courts also suspended till further orders the order sentencing Patkar to 5 months of imprisonment along with Rs. 10...

CCI - No Proof Of Rigging In Joint Tender Issued By Public Oil Marketing Companies For Procurement Of Ethanol For Blending In 2013

The Competition Commission of India (Commission) bench, comprising Ms. Ravneet Kaur (Chairperson), Ms. Sweta Kakkad (Member), Anil Agrawal (Member) and Mr. Deepak Anurag (Member), has concluded that there is no sufficient evidence to determine that the Opposite Parties, which include three Sugar Mill Associations, three PSU Oil Marketing Companies, and 14 mills situated in Uttar...

Chhattisgarh HC Hosts State-Level Judicial Officers' Conference On 'Overcoming Challenges: The Emerging Role Of District Judiciary In Modern India'

The Chhattisgarh High Court hosted the State-Level Conference of Judicial Officers on July 28. The conference focused on "Overcoming Challenges: The Emerging Role of District Judiciary in Modern India." The one-day conference aimed to equip Judicial Officers with the knowledge and tools to navigate the evolving judicial landscape. The conference was attended by 3 Supreme...

Piramal Insider Trading: Piramal Capital Housing Finance Former Managing Director Settles With SEBI By Paying Rs 91 Lakh

The former managing director of Piramal Capital Housing Finance Ltd and his wife have settled with the Securities and Exchange Board of India (SEBI) for unlawful gains accrued through the misuse of unpublished price-sensitive information (UPSI) by key individuals and entities associated with the company. The terms included the payment of over Rs 91 lakh by Khushru Burjor Jijina, the...

No Sufficient Evidence To Establish Dominance In Loan Against Property Market, CCI Dismisses Complaint Against Indiabulls Housing Finance Limited

The Competition Commission of India (Commission) bench, comprising Ms. Ravneet Kaur (Chairperson), Ms. Sweta Kakkad (Member), Anil Agrawal (Member) and Mr. Deepak Anurag (Member), has dismissed the complaint against Indiabulls Housing Finance Limited (IHFL) and its Former Chairman, Chairman, Vice Chairman, Managing Director, Executive Director, and Financial Officer. The Commission...

50 Constitution Bench Matters Pending In Supreme Court, Oldest From 1994; 2192 Cases Disposed Since 1950: Law Ministry

Presently, 50 Constitution Bench matters are pending in the Supreme Court. Out of these, 35 cases are pending before 5-Judge Bench, 8 cases are pending before 7-Judge Bench and 9 cases are pending before 9-Judge Bench for adjudication. This information was furnished by the Union Ministry Of Law & Justice as per the information available on the National Judicial Data Grid (NJDG),...

RBI Cancels Licence Of Mahabhairab Cooperative Urban Bank Ltd Due To Financial Non-Compliance

The Reserve Bank of India (RBI) has cancelled the banking licence of Mahabhairab Cooperative Urban Bank Ltd., based in Tezpur, Assam. Effective from the close of business on July 24, 2024, the bank will cease all banking operations. The bank was found to lack adequate capital and its earnings prospects were insufficient. This inadequacy in financial resources directly contravenes...

Bengaluru Court Rejects Actor Darshan's Plea Seeking Home-Cooked Food, Clothing In Prison

A city court in Bengaluru on Thursday rejected the application filed by Kannada actor Darshan Thoogdeep Srinivas seeking home cooked food, bedding etc from outside prison. Additional Chief Judicial Magistrate Vishwanath C Gowdar said, “Prima facie, at this stage of proceedings, the report of Chief Medical Officer dated 22.07.2024 does not warrant the interference by this court, with respect...

357 High Court Judge Posts Vacant; 219 Proposals From HC Collegiums Being Processed: Union Law Ministry In Rajya Sabha

Responding to a question tabled in the Rajya Sabha, the Union Ministry of Law and Justice today stated that as of July 19, 2024, against the sanctioned strength of 1114 Judges in various High Courts, 757 Judges are working (approx 68%) and 357 posts of Judges are vacant (approx 32%).In comparison, in December last year, there were 324 vacancies out of the same sanctioned strength of 1,114...

J&K CCE 2023 | CAT Srinagar Orders PSC To Produce Results Of Provisionally Allowed Candidates In Sealed Cover

In a fresh development regarding the J&K Combined Competitive (Mains) Examination, 2023, the Central Administrative Tribunal (CAT) Srinagar, comprising members Prasant Kumar (Member A) and M.S. Latif (Member J), has directed the Jammu and Kashmir Public Service Commission (JKPSC) to present the results of provisionally allowed candidates in a sealed cover before the court.After hearing...

'Dishonest, Misleading': SEBI Rejects Defence And Mandates Disclosure, Shareholder Approval For Material Related Party Transactions

The Securities and Exchange Board of India (SEBI) has issued a final order concerning Linde India Limited (LIL) and its related party transactions (RPTs) with Praxair India Pvt Ltd (PIPL) and Linde South Asia Services Pvt Ltd (LSASPL). The decision follows exchange between SEBI and LIL which began after SEBI's interim order on April 29, 2024 that questioned the legitimacy of...