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Delhi Court Criticizes ED For “Arbitrary” Arrest, Asks ED Director If There Is Any SOP To Regulate & Monitor Arrests
While hearing a bail application under the Prevention of Money-Laundering Act, 2002, a Delhi Court has deprecated the 'arbitrary' approach of the Enforcement Directorate (ED) in arresting an individual.Noting that the investigation cannot be conducted on 'subjective interpretation' of the Investigation Officer, Judge Dheeraj Mor stated that “The hallmark of investigation is its...
Shambhu Border Blockade | Supreme Court Forms Committee To Negotiate With Protesting Farmers, Says Issue Shouldn't Be Politicised
The Supreme Court on Monday (September 2) ordered the constitution of a High-Powered Committee to hold negotiations with the farmers who are protesting at the Shambhu border between the States of Punjab and Haryana.The committee will be headed by Justice Nawab Singh, Former Judge of the Punjab & Haryana High Court.A bench comprising Justices Surya Kant and Ujjal Bhuyan passed the order in...
Supreme Court Dismisses Kerala District Judges' Plea Against HC Collegium Not Considering Their Elevation To HC
The Supreme Court on Monday (September 2) refused to entertain a writ petition filed by two District Judges from Kerala against the Kerala High Court collegium not considering their names for elevation as judges of the High Court.A bench comprising Justices Hrishikesh Roy and SVN Bhatti expressed displeasure at the petition filed by District Judges PP Saidalavi and KT Nizar Ahamad."What kind...
Law Isn't Just A Profession But A Service To Society; Be Compassionate & Empathetic In Your Dealings: Chhattisgarh HC CJ To Law Students
While addressing law students across the state on August 31, 2024, Chhattisgarh High Court Chief Justice Ramesh Sinha said that law students should never forget that law is not just a profession but a service to society, and they should always strive to uphold justice, equality, and fairness. He also added that law students should be compassionate, empathetic, and honest in their...
S. 50 NDPS Act Applies Only To Personal Searches And Not To Searches Of Bags Carried By The Person: Supreme Court
The Supreme Court recently observed that Section 50 of the Narcotic Drugs and Psychotropic Substances Act, which outlines the procedure for conducting search of a person, applies only to personal searches and not to searches of bags carried by the person being searched.“the exposition of law on the question regarding the requirement of compliance with Section 50 of the NDPS Act is no more...
CJI DY Chandrachud Stresses Need For Open Communication Between Judicial Officers & High Court Judges
The Chief Justice of India DY Chandrachud while speaking at the valedictory ceremony of the 2 day long National Conference of the District Judiciary, addressed the issue of bridging communication gaps between the district judiciary and the High Courts.The CJI opined that the existence of such a 'perceived communication gap' was 'the product of colonial times and of...
SEBI Proposes Tripling Fees For Informal Guidance, Expanding Eligibility To Include More Market Entities
The Securities and Exchange Board of India (SEBI) has proposed amendments to the existing Informal Guidance (IG) Scheme, 2003. This scheme, originally introduced in June 2003 and amended in 2004 and 2023, allows registered entities to seek SEBI's guidance on specific transactions and interpretations of securities laws. The IG Scheme was introduced by SEBI to provide clarity to...
Time To Think Of National-Level Judicial Recruitment Instead Of State-Based Selections : CJI DY Chandrachud
Chief Justice of India DY Chandrachud on Sunday endorsed the idea of a national-level recruitment process for the judicial services of all States. He said that the time has now come to think of national integration by having recruitment to judicial service which crosses "narrow domestic walls of regionalism and state-centred selections".Speaking at the valedictory ceremony of the 2-day long...
President Unveils New Flag & Insignia Of Supreme Court To Mark Its 75th Year
The President of India Droupadi Murmu on Sunday unveiled the new flag and insignia of the Supreme Court of India to commemorate its 75th year.The new flag and the insignia, symbolizing justice and democracy, were conceptualised by the National Institute of Fashion Technology, New Delhi. The flag features the Ashok Chakra, the Inconic Supreme Court building and the book of the Constitution. ...
SEBI Tightens Eligibility Criteria For Stocks In Derivatives Segment With Stricter Standards And New Product Success Framework
The Securities and Exchange Board of India (SEBI) has updated the eligibility criteria for the entry and exit of stocks in the derivatives segment. The revised criteria introduce stricter standards for stocks to be eligible for entry into the derivatives segment. These criteria are based on the stock's performance in the cash market over the preceding six months on...
Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss
The Registrar of Companies, Hyderabad has held imposed a penalty of Rs. 40,000/- on Sai Silks (Kalamandir) Limited and its directors for failure to disclose the nature of the asset associated with an impairment loss of Rs. 50.94 million. IND AS 36 deals with the impairment of assets. This standard requires companies to ensure that their assets are carried at no more than their...