SEBI Issues Comprehensive Master Circular For ESG Rating Providers

The Securities and Exchange Board of India (SEBI) has released a Master Circular specifically aimed at Environmental, Social, and Governance (ESG) Rating Providers (ERPs). This circular, announced on July 12, 2023, consolidates existing guidelines and regulations under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 (CRA...

SEBI Amends Buy-Back Regulations To Exclude Material Price Movements

The Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Buy-Back of Securities) Regulations, 2018, via the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2024. These changes, effective from May 17, 2024, focus on excluding the impact of material price movements and confirmed events when determining the volume-weighted average market price...

Before Castigating Judiciary, Ensure Govt Appeals Come In Time : Supreme Court Judge Reacts To Sanjeev Sanyal's Comments On Vacation

In a veiled reference to economist and member of the Prime Minister's Economic Advisory Council Sanjeev Sanyal's criticism of the Supreme Court's working hours, Justice Dipankar Datta today said that those who castigate the judiciary should work towards putting a stop to the delays caused by authorities in pursuing remedies before the court."Unfortunate part is that despite the efforts that...

'National Security Of Paramount Importance' : Supreme Court Sets Aside Bail Granted To PFI Members In UAPA Case

The Supreme Court on Wednesday (May 22) set aside the Madras High Court order granting bail to 8 men allegedly belonging to the banned Popular Front of India (PFI) charged under the Unlawful Activities Prevention Act (UAPA). The Court cancelled the bail of the persons stating that the allegations of collecting funds to commit terrorist acts against them appeared to be 'prima facie true'....

BREAKING | Supreme Court Refuses To Entertain Hemant Soren's Petition Challenging ED Arrest

The Supreme Court on Wednesday (May 22) dismissed as withdrawn former Jharkhand Chief Minister Hemant Soren's petition challenging his arrest by the Enforcement Directorate (ED) in a money laundering case related to an alleged land scam in Jharkhand.After a vacation bench of Justices Dipankar Datta and Satish Chandra Sharma expressed disinclination to entertain the matter, the petitioner chose...

Review Petition Filed Against Supreme Court's Decision Upholding Lucknow-Akbarnagar Demolition Drive

In the latest development, a review petition has been filed against the Supreme Court's ruling which upheld the demolition drive of the Lucknow Development Authority (LDA) against alleged unauthorized constructions in the Akbarnagar area of Lucknow city. In the judgment delivered on May 10, the Bench of Justices Sanjiv Khanna and Dipankar Datta affirmed the Allahabad High...

Hemant Soren's Plea For Interim Bail : Live Updates From Supreme Court Hearing

The Supreme Court will continue hearing today the petition filed by former Jharkhand Chief Minister Hemant Soren challenging his arrest by the Enfrocement Directorate (ED). He has sought for interim bail in view of the ongoing election campaigning.A vacation bench comprising Justices Dipankar Datta and Satish Chandra Sharma is hearing the matter. Yesterday, the bench had asked if the Court...

Kerala Court Directs Patanjali Ayurved's Baba Ramdev And Managing Director To Appear Before It In Misleading Advertisements Case

A Kerala Court has directed Patanjali Ayurved Co-founder Baba Ramdev and its Managing Director Acharya Balkrishna to appear before it on June 03, 2024 in a case of publishing misleading advertisements in English and Malayalam newspapers.The order was issued by Judicial First-Class Magistrate Court in Kozhikode. The Drugs Inspector, Office of the Assistant Drugs Controller, Kozhikode filed...

Eighteen States, Including Two Union Territories, Do Not Have Debts Recovery Tribunal: Union Tells Supreme Court

The Supreme Court, while hearing a SLP pertaining to the absence of Debt Recovery Tribunals within the Union Territories (UTs) of Jammu and Kashmir and Ladakh, was informed that these tribunals have not been established in a large number of States. To be precise, the Bench of Justices Abhay S Oka and Ujjal Bhuyan were informed by Additional Solicitor General K.M. Natraj that 18...

Pune Porsche Car Accident | Owner, Manager Of Hotel That Allegedly Served Alcohol To Minor Accused Remanded To Police Custody

A Pune court on Tuesday sent three persons accused in the Porche car accident case, which caused deaths of two persons, to police custody until May 24, 2024. The arrested individuals are Prahlad Bhutada, owner of Cosie hotel, Sachin Katkar, bar counter manager at Cosie, and Sandeep Sangle, manager of Blak club. They are accused of serving alcohol to the juvenile who was allegedly driving the...

Supreme Court Dismisses Petitions To Review Article 370 Verdict

The Supreme Court has dismissed the petitions seeking review of its judgment upholding the abrogation of the special status of Jammu and Kashmir under Article 370 of the Constitution.A 5-judge bench comprising Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, Surya Kant and AS Bopanna dismissed the review petitions in chamber noting that there was no apparent error in...

IDFC First Bank Shareholders And Debenture Holders Approve Merger Proposal At NCLT Meeting

IDFC First Bank has announced that its shareholders and non-convertible debenture (NCD) holders have approved the merger proposal with its parent company, IDFC Limited. This development came during a meeting convened by the National Company Law Tribunal (NCLT) on May 17, 2024. The proposal, formally known as the composite scheme of amalgamation, was presented to the...