SEBI Proposes Mandatory ASBA-Like Trading Facility For Qualified Stock Brokers Leveraging UPI Block Mechanism In Secondary Markets

The Securities and Exchange Board of India (SEBI) has proposed that all qualified stock brokers (QSBs) should be mandated to offer a trading facility similar to the Application Supported by Blocked Amount (ASBA) system currently used in the primary market. This facility would leverage the Unified Payments Interface (UPI) block mechanism which has been in use for retail...

Court Can't Postpone Implementation Of Bail Order After Finding Accused Entitled To Bail: Supreme Court

The Supreme Court on Monday (September 2) ruled that once a court concludes that an accused is entitled to bail, it cannot delay the implementation of the bail order, as doing so may violate the rights guaranteed under Article 21 of the Constitution.A bench of Justice Abhay Oka and Justice Augustine George Masih deleted the condition imposed by Patna High Court while granting bail to an...

Migrant Workers Case: Supreme Court Directs Union To File Affidavit On Whether Directions Passed On Providing Ration Cards Have Been Complied

The Supreme Court today (September 2) directed the Additional Solicitor General, Aishwarya Bhati to file a comprehensive affidavit on behalf of the Union of India on whether the directions passed by the court in suo moto proceedings on granting ration cards to migrant workers and unskilled labourers and the subsequent passed orders have been complied with.BackgroundThe Court had taken suo...

'When Person Is In A Higher Office, Some Restraint Is Expected' : Supreme Court On Telangana CM Revanth Reddy's Remarks

The Supreme Court today once again expressed strong disapproval of certain remarks stated to have been made by Telangana Chief Minister-A Revanth Reddy in the official Whatsapp Group of the Telangana Congress party.A bench of Justices Gavai and KV Viswanathan was hearing a plea for transfer of trial pending against Reddy in the 2015 cash-for-votes case(s), when it expressed its displeasure...

Bail Cannot Be Denied On The Ground That Trial Is Expedited: Supreme Court

The Supreme Court today (September 2) emphasized that bail cannot be rejected merely on the ground that the trial will be expedited.A bench of Justice Abhay Oka and Justice Augustine George Masih said this while issuing notice in an SLP by a dacoity accused challenging Calcutta High Court's decision to reject his bail plea but expedite the trial.The Supreme Court noted that despite...

Social Media Trolling Atrocious, Even Judges Not Spared : Supreme Court

The Supreme Court today orally expressed concerns about “social media trolling” and said that even judges are not spared by the same.During the hearing of the bail plea filed by Swati Maliwal Assault Case accused-Bibhav Kumar, the Court said that social media trolling was "atrocious" and suggested that it is best to ignore the remarks made by "insensitive, irresponsible people".A bench...

Supreme Court Directs State Governments To Implement S. 136A Motor Vehicles Act For Electronic Monitoring Of Road Safety

The Supreme Court today (September 2) directed all state governments to take immediate steps to implement Section 136A of the Motor Vehicles Act, 1988, which pertains to the electronic monitoring and enforcement of road safety. The Court also directed all state governments to ensure compliance Rule 167A(A) of Central Motor Vehicle Rules by issuing challans on the basis of footage from...

Supreme Court Accepts Magistrate's Apology For Remanding Accused Violating SC Order; Imposes Rs 25K Fine On Police Officer

The Supreme Court on Monday (September 2) passed the sentence in the contempt case against a Police Officer and the Judicial Magistrate from Gujarat for the arrest and remand of an accused in violation of its order granting him interim anticipatory bail.While the bench comprising Justices BR Gavai and Sandeep Mehta accepted the unconditional apology tendered by the Magistrate, it imposed a...

Supreme Court Grants Bail To Kejriwal's PA Bibhav Kumar In Swati Maliwal Assault Case

The Supreme Court on Monday (September 2) granted bail to Delhi Chief Minister Arvind Kejriwal's Personal Assistant Bibhav Kumar in the Swati Maliwal assault case.A bench of Justices Surya Kant and Ujjal Bhuyan noted that there are more than 51 witnesses proposed to be examined by the prosecution, and hence, the conclusion of the trial will take some time. Also, the petitioner has been...

RG Kar Protests| Supreme Court Dismisses West Bengal Govt's Challenge To HC Ordering Release Of Student Leader

The Supreme Court today (September 2) dismissed the challenge by the State of West Bengal against the bail granted to student leader Sayan Lahiri in relation to the protests over RG Kar Hospital Rape-Murder. The bench comprising Justices JB Pardiwala and Manoj Misra was hearing West Bengal's challenge against the Calcutta High Court order directing the release of Sayan Lahiri the alleged...

Delhi Liquor Policy : Supreme Court Grants Bail To Vijay Nair After 23 Months Custody In Money Laundering Case

The Supreme Court today (September 2) granted bail to Vijay Nair, the former communications-in-charge of the Aam Aadmi Party (AAP), in the money laundering case related to the national capital's excise policy. Nair has been in custody for approximately 23 months.A bench of Justice Hrishikesh Roy and Justice SVN Bhatti The court stated that the principle of "bail as the rule and jail as...

'Can't Demolish House Just Because Somebody Is An Accused' : Supreme Court To Frame Pan-India Guidelines On 'Bulldozer Actions'

The Supreme Court on Monday (September 2) expressed the intention to lay down pan-India guidelines to address the concerns that authorities in several States are resorting to the demolition of houses of persons accused of crimes as a punitive action.A bench comprising Justices BR Gavai and KV Viswanathan, hearing a batch of petitions challenging the "bulldozer actions" in various States,...