Supreme Court Stays Arrest Of CRPF Personnel Accused Of Using Forged Medical Certificate To Join Armed Forces

In a plea for the grant of anticipatory bail preferred by a CRPF personnel against whom an investigation has been pending for ten years, the Supreme Court granted interim protection to the personnel and stayed his arrest.The allegation against the Petitioner/Personnel is about using a forged medical certificate to enter in service of the Armed Forces. However, later he was discharged from...

SEBI Imposes Penalties On Reliance Infrastructure, Reliance Power, And Five Others For Non-Submission Of NDS

The Securities and Exchange Board of India (SEBI), the capital markets regulator, has imposed penalties on seven entities for failing to submit No Default Statements (NDS) to credit rating agencies (CRAs). The entities include major corporations such as Reliance Infrastructure, Reliance Power, and Incredible Realcon. SEBI imposed fines on the...

Supreme Court Grants Interim Protection To Odisha Administrative Service Officer Bijaya Ketan Sahoo In Money Laundering Case

The Supreme Court today (June 24) granted interim protection from arrest to Odisha Administrative Service (OAS) Officer Bijaya Ketan Sahoo accused of money laundering in connection with a disproportionate assets case. The Court directed Sahoo to appear before the Special Court within two weeks and furnish his bail bonds. The vacation bench of Justices A.S Oka and Rajesh Bindal while...

SEBI Imposes Penalties Totaling Rs 35 Lakh On OP Jindal Group Company Hexa Tradex Ltd and Associated Entities For Regulatory Violations

The Securities and Exchange Board of India (SEBI) has imposed penalties amounting to Rs 35 lakh on OP Jindal group company Hexa Tradex Ltd (HTL) and its affiliated entities for multiple breaches of regulatory norms. The penalties were levied following SEBI's investigation into allegations of non-compliance with delisting regulations and other disclosure obligations. The...

S.138 NI Act - Cheque Dishonour Complaint Can't Be Transferred At The Instance Of Accused : Supreme Court

The Supreme Court today (June 24) observed that transfer of a case for the offence of dishonour of cheque under S. 138 of the Negotiable Instruments Act 1881 cannot be sought at the instance of the accused.The vacation bench of Justices AS Oka and Rajesh Bindal dismissed a transfer petition sought at the behest of the accused involved in the offence under S. 138 NIA. 8. Justice Oka remarked...

Financial Intelligence Unit Penalizes Binance $2.25 Million For Anti-Money Laundering Violations

The Financial Intelligence Unit of India (FIU-IND) has imposed a penalty on Binance, the world's largest cryptocurrency exchange, for violations of anti-money laundering (AML) regulations. The fine amounts to Rs 18.82 crore ($2.25 million) against the offshore cryptocurrency exchange. According to the FIU-IND, Binance failed to comply with the statutory obligations outlined under...

Supreme Court Shocked At DDA Appointing Judicial Officers As Its Legal Advisors, Says It Violates Judicial Independence

The Supreme Court on Monday (June 24) expressed shock at the practice of Delhi Development Authority(DDA) appointing in-service Judicial Officers of the Delhi Higher Judicial Service as its legal advisors.Observing that such a practice violated judicial independence and the doctrine of separation of powers, the Court asked the DDA to discontinue it. The Court also urged the Delhi High Court...

PwD Chief Commissioner Directs Radisson Blu To Ensure Accessible Payment Device For Persons With Disabilities In Their Hotels

The Chief Commissioner for Persons with Disabilities (Divyangjan) Court, comprising Rajesh Aggarwal (Chief Commissioner), directed Radisson Blu to ensure accessible payment devices for people with disabilities in their hotels. Additionally, the Court directed the Reserve Bank of India and the Ministry of Consumer Affairs, Food and Public Distribution to ensure the use of accessible...

Bengaluru Court Remands Suraj Revanna To Police Custody In Alleged Sexual Abuse Case Filed By Man

A city court in Bengaluru on Monday sent Janata Dal (S) MLC Suraj Revanna, who has been arrested in connection with a case of alleged sexual abuse of a man, to police custody till July 1. Magistrate KN Shivakumar sent Revanna to the custody of the Karnataka Police Criminal Investigation Department (CID) after earlier remanding him to judicial custody in connection with the case.Notably,...

Emails Indicate Delhi LG Directed Cutting Of Trees In Ridge, Come Clean On This : Supreme Court To DDA In Contempt Case

The Supreme Court on Monday (June 24) asked the Delhi Development Authority (DDA) if the illegal cutting of trees in Delhi's ridge forest was carried out based on the direction issued by the Lieutenant Governor of Delhi.A vacation bench comprising Justices Abhay S Oka and Ujjal Bhuyan was hearing a suo motu contempt case initiated against DDA Vice Chairman Subhashish Panda for the felling...

Supreme Court Approves HC Order Quashing Haryana Govt Decision To Grant Extra Marks To Certain Domiciles In Recruitment Tests

The Supreme Court on Monday (June 24) dismissed a petition filed by the Haryana Staff Selection Commission (SSC) against a judgment of the Punjab and Haryana High Court setting aside a 2022 Notification that granted 5% additional marks to domiciles of Haryana in recruitment to certain posts based on "socio-economic" criteria. The Supreme Court orally expressed that the policy of the...

SEBI Extends Pre-Open Call Auction Session To 60 Minutes To Curb IPO Pricing Manipulation

The Securities and Exchange Board of India (Sebi) has introduced modifications to the call auction session conducted during the pre-open period on stock exchanges. Effective from the 90th day after the issuance of the circular dated June 20, 2024, the new framework extends the duration of the pre-open call auction session to 60 minutes, commencing at 9:00 a.m. This session is crucial...