Rishi Gupta, MD & CEO, Fino Payments Bank The Telangana High Court on Monday dismissed a writ petition filed by Fino Payments Bank managing director and chief executive officer Rishi Nand Kishore Gupta challenging his arrest in a case allegedly involving online betting. Gupta sought to be released on bail. He also moved to have […]
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates New Delhi, Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT‘s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire
Sebi board to consider FPI settlement norms ease, intermediary reforms on Monday New Delhi, Markets regulator Sebi board is set to meet on Monday to deliberate on a wide-ranging agenda, including a proposal to ease fund settlement norms for foreign portfolio investors (FPIs), and changes to regulatory frameworks for market intermediaries, people familiar with the
Sebi Board to Review Major Reforms for FPIs and Intermediaries on Monday, ETLegalWorld Read More »
SC stresses fair and time-bound investigation in Anil Ambani-led RCom loan fraud New Delhi, The Supreme Court on Monday stressed the need for a coordinated, fair, and time-bound investigation into alleged large-scale bank frauds linked to Anil Ambani’s Reliance Communications (RCom) and its group entities. A bench, headed by Chief Justice of India (CJI) Surya
SC transfers Ilaiyaraaja’s copyright suit against Sony Music from Madras HC to Bombay HC New Delhi, The Supreme Court on Monday transferred a copyright suit filed by music composer Ilaiyaraaja from the Madras High Court to the Bombay High Court. A bench of Justices Sanjay Kumar and Vinod K Chandran allowed a petition by Sony
Delhi High Court restrains transfer of Legends League Cricket rights in JioStar dispute The Delhi High Court has restrained Absolute Legends Sports from transferring or creating third-party rights over the media and commercial rights of the Legends League CrickMasters T20 tournament, in a dispute with JioStar India. Passing an interim order on March 18, Justice
The Reserve Bank of India (RBI) sought to quell speculation about governance issues at HDFC Bank after outgoing part‑time chairman Atanu Chakraborty cited “values and ethics” for his exit, rattling investors. In a rare move, the regulator stepped in to assure markets that “there are no material concerns on record” with regard to HDFC Bank’s
HDFC Bank’s Governance Questions Arise After Chairman’s Sudden Resignation, ETLegalWorld Read More »
Adani Ports and Special Economic Zone Ltd (APSEZ) has expressed in-principle interest in becoming one of the implementing entities under the insolvency resolution plan for Jaiprakash Associates Limited (JAL), signalling the Adani Group‘s continued push to pick up strategic assets through bankruptcy proceedings. In a stock exchange filing, APSEZ said the resolution plan submitted by
Mumbai, The Bombay High Court has deprecated the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to “wear a cloak of immunity” by triggering a moratorium, and said this practice has the tendency to adversely impact the country’s economy. A bench of Justices Manish Pitale and Shreeram Shirsat,
India-UK FTA likely to be implemented by early May; EU by year-end: Officials The free trade agreement (FTA) between India and the UK, signed in July last year, is likely to be implemented by early May, as both sides are “sorting out a few issues”, officials said on Thursday. According to officials, the EU has
