[ad_1] The Supreme Court on Friday refused to entertain an application seeking intervention in a batch of pleas challenging the Centre's November 8, 2016 decision to demonetise Rs 500 and Rs 1000 currency notes. A five-judge Constitution bench headed by Justice S A Nazeer asked the petitioner to approach the...
Insolvency pleas against GTL Infra, GTL Ltd dismissed, Legal News, ET LegalWorld – Legal Firms
[ad_1] In two separate orders, the Mumbai bankruptcy court dismissed Canara Bank's petition to admit GTL Infrastructure and GTL Ltd for corporate insolvency.The two-member bench relied on the Supreme Court's order of Vidarbha Industries Power for GTL Infra and the failure of lenders to adhere to the central bank's guidelines...
Demonetisation affected everyone, Chidambaram tells SC, Legal News, ET LegalWorld – Legal Firms
[ad_1] Senior Advocate P Chidambaram on Thursday said that demonetisation was one of the major decisions that were taken in the last ten-twenty years, which affected everybody as it raises questions on the government for demonetizing Rs 500 and Rs 100 currency notes in 2016.Senior Advocate P Chidambaram, who was...
SC grants four more weeks to CBI to file reply on Swamy’s plea for probe into role of RBI officials in bank scams, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court on Friday granted four-week extension to the Central Bureau of Investigation and Reserve Bank of India to file reply on a plea filed by BJP leader Subramanian Swamy seeking probe into the alleged role of the central bank officials in various banking scams. A bench of...
Amisha Vora acquires Prabhudas Lilladher Group, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Prabhudas Lilladher Group’s co-owner and joint managing director, Amisha Vora, has acquired the company and will now be the chairperson and managing director of the PL Group. She now holds a 96% stake in the group’s holding company, up from 24%.The acquisition has been approved by the SEBI,...
Centre amends Foreign Trade Policy to allow international trade settlements in Indian Rupees, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi [India], November 9 (ANI): Centre on Wednesday announced that it has made amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees (INR) and settlement of exports/imports in Indian Rupees."The Government of India has made suitable amendments in...
SC displeased with government for delayed response on demonetisation, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court on Wednesday expressed its displeasure over an adjournment sought by the Centre, after a Constitution bench assembled to adjudicate a clutch of pleas challenging the government's November 2016 decision to demonetise ₹500 and ₹1,000 currency notes."Normally, a Constitution bench never adjourns like this. We never rise...
SC seeks report from SFIO, CBI on plea alleging laundering of over Rs 12,000 crore, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court directed the Serious Fraud Investigation Office (SFIO) and the CBI on Thursday to file status reports on the progress in their probe into the alleged laundering of more than Rs 12,000 crore of a loan advanced to Amtek Auto by 19 banks. A bench headed by...
Unicommerce appoints Anurag Mittal as CFO, Legal News, ET LegalWorld – Legal Firms
[ad_1] Anurag Mittal, CFO, UnicommerceUnicommerce, a platform for post-purchase experience management, has appointed Anurag Mittal as its Chief Financial Officer (CFO).In this role, Mittal will oversee the company's financial operations, including financial planning and analysis, investor relations, fundraising, taxation, risk management, and treasury operations, according to a statement.Prior to joining...
IDBI Bank declared former directors of Amtek Auto Ltd ‘fraud’, CBI to SC, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The CBI has told the Supreme Court that IDBI Bank has declared the former promoters/directors of Amtek Auto Ltd as "fraud" on September 26, and reported it to the RBI on October 4, and is in process of filing a complaint against them, but the company has...