Appellate Tribunal Quashes ED Attachment Of NCP Leader Praful Patel's Properties

An Appellate Tribunal in Delhi has quashed orders of attachment of properties of Nationalist Congress Party leader Praful Patel, his wife and his company in a money laundering case, as well as the order of Adjudicating Authority confirming the provisional attachment. A coram comprising of Chairman, Justice Munishwar Nath Bhandari and Member Balesh Kumar allowed the appeals moved by Praful...

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

The Securities and Exchange Board of India (SEBI) has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. These guidelines, outlined in a circular titled "Enhancement of operational efficiency and Risk Reduction--Pay out of securities directly to client demat account," will come into effect from October...

Plea In Supreme Court Seeks Govt, SEBI Reports On Stock Market Crash After Lok Sabha Election Results

An application has been filed before the Supreme Court seeking directions to the Union Government and the Securities and Exchange Board of India (SEB)I to submit a detailed report on the Share Market crash and the loss of investors after the Lok Sabha 2024 Polls Results. The application has been moved by Advocate Vishal Tiwari as an Interlocutory Application in the writ petition filed...

Swati Maliwal Assault Case: Delhi Court Rejects Second Bail Plea Of Accused Bibhav Kumar

A Delhi Court on Friday dismissed the second bail plea moved by Chief Minister Arvind Kejriwal's aide Bhibhav Kumar the alleged Swati Maliwal assault case.Special judge Ekta Gauba Mann of Tis Hazari Courts observed that the investigation in the case is at initial stage and that there is fear in the mind of the victim regarding her safety and security as she is receiving continuous threats....

Delhi Court Grants Bail To Ex-Unitech Promoters Sanjay Chandra And Ajay Chandra In PMLA Case

A Delhi Court on Friday granted regular bail to Sanjay Chandra and Ajay Chandra, Unitech's former promoters, in a money laundering case registered by the Enforcement Directorate (ED).Additional Sessions Judge Dheeraj Mor of Patiala House Courts noted that both Sanjay Chandra and Ajay Chandra had undergone two and a half years of incarceration in the case having maximum punishment of 07...

Odisha BJP MLA Prashant Jagdev Gets Three-Day Interim Bail For Taking Part In Oath Ceremony Of New Govt

A Court in Odisha's Khurda district has released Prashant Jagdev, the newly elected MLA of Bharatiya Janata Party (BJP) from Khurda, on three-day interim bail for taking part in the oath taking ceremony of the new BJP government in the State.The legislator was arrested for allegedly vandalising an Electronic Voting Machine (EVM) and also manhandling polling officials during the third phase...

Now Is The Time For Countries Like India To Promote A Culture Of Commercial Arbitration: CJI DY Chandrachud

Chief Justice of India DY Chandrachud (yesterday on May 06), while delivering a speech at the UK Supreme Court, opined that that now is the time for countries such as India to focus on building a strong culture of commercial arbitration. He added that setting up effective arbitration institutions can boost its practice in the Global South. To support this, he cited the India...

Ensure No Hoarding Collapse Happens During Monsoons : Supreme Court To Mumbai Authorities; Refers To Ghatkopar Tragedy

In a case filed by the Municipal Corporation of Greater Mumbai (MCGM) regarding the applicability of certain provisions of the Mumbai Municipal Corporation Act to hoardings on Railways' land, the Supreme Court today directed authorities in Mumbai to ensure that no untoward incident relating to hoardings takes place in the city considering that monsoon season has arrived. The vacation bench...

Rahul Gandhi Gets Bail In Defamation Case Filed By BJP At Bengaluru

Congress leader Rahul Gandhi on Friday got bail in the defamation case filed by Bharatiya Janata Party against him and other leaders. Gandhi appeared before the 42nd Additional Chief Metropolitan Magistrate as directed by the court in its order of June 1. The court had earlier granted bail to Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar in the case.The complaint...

Time To Save Big: LiveLaw's Exclusive Student Subscription Plans At Unbeatable Prices!

Are you looking for the ultimate legal resources to boost your academic performance? Want expert case analyses and insights at your fingertips? This summer, grab our exclusive student plans at unbeatable rates and transform your legal journey!Don't miss out on this exclusive offer to boost your legal knowledge without breaking the bank. Subscribe now and make the most of your summer...

PIL In Calcutta High Court Seeks Modification Of Justice Amrita Sinha's Determination To Prevent Her From Hearing Cases Related To Police Action

A public interest litigation (PIL) has been filed before the Calcutta High Court by an advocate seeking to modify the roster/determination of Justice Amrita Sinha, to prevent her from hearing cases related to police over-action or inaction.The matter was heard by a division bench of Justices Apurba Sinha Ray and Kausik Chanda, who directed for the matter to be placed before Chief Justice...

Ministry Of Finance Pushes For Mediation Over Arbitration In Domestic Public Procurement Contracts

The Department of Expenditure under the Ministry of Finance, Government of India, has recently released guidelines delineating the use of arbitration and mediation in domestic public procurement contracts. The guidelines recommended the restriction of arbitration to disputes with a value less than Rs. 10 crore. Further, it states that government departments/ entities/ agencies should...