'Attack Was In Spur Of Moment': Chandigarh Court Grants Bail To Former President Of Punjab & Haryana HC Bar Arrested For Assaulting Lawyer

A Chandigarh Court has granted bail to the former President of Punjab & Haryana High Court Bar Association Vikas Malik, arrested for allegedly assaulting a lawyer in the High Court premises and passing casteist remarks.Additional Sessions Judge Dr. Harpreet Kaur opined, "As per the FIR, the alleged attack upon the complainant took place in the spur of the moment and cannot prima facie be...

Wrestler Vinesh Phogat Approaches Court Of Arbitration For Sport Challenging Disqualification From Paris Olympics

Wrestler Vinesh Phogat has approached the Court of Arbitration For Sport (CAS) challenging her disqualification from the Paris Olympics 2024, before she was set to compete in the Gold medal match against the USA's Sarah Hildebrandt.According to reports, Phogat was disqualified from competing in the final bout due to being 'overweight' by 100 grams, weighing in at 50.1 kilograms, while...

Judicial Officers From Odisha Take Training On 'Artificial Intelligence & Law' From South Asian University

A group of Judicial Officers from the State of Odisha recently took virtual training on the subject of 'Artificial Intelligence & Law' imparted by Faculty of Legal Studies, South Asian University, New Delhi.Twenty Judicial Officers-cum-Master Trainers, ten from the cadre of District Judge and ten from the cadre of Civil Judge (Senior Division), were nominated and sponsored by the...

'Violated Sacred Trust & Duty': Odisha Court Sentences Man To Death For Stabbing Wife 33 Times, Slitting 6-Yr-Old Daughter's Throat

A Sessions Court in Odisha's Khurda district has sentenced a man to the extreme penalty of death for committing murder of his wife by stabbing 33 times and causing grievous hurt to his six-year-old daughter by slitting her throat.While terming the crime to be a betrayal of trust and love of wife and minor daughter, the 2nd Additional Sessions Judge, Bhubaneswar Ms. Bandana Kar...

Maharashtra Police Stations To Have Control Rooms, Digital Display Of Arrested Persons As State Govt Implements Provision Under BNSS

In a first, the Maharashtra Government has resolved to implement a provision of the newly enforced Bharatiya Nagarik Suraksha Sanhita 2023 (BNSS), mandating the establishment of control rooms in police stations in every District and at State level.As per a Government Resolution (GR) issued on August 1, the Maharashtra government has resolved to implement section 37 (a) and (b) of BNSS in...

India Has Potential To Be International Arbitration Hub For Commercial Businesses: Justice Hima Kohli

While speaking at an event in the national capital on the developments in the arbitration landscape in the country, Supreme Court Justice Hima Kohli said that India has the potential to be the “preferred choice” for International Arbitration for “commercial businesses”, having a “progressive legislative framework, a pro-enforcement judiciary and robust institutional...

SEBI's Proposed Measures To Curb Speculative Trading In Index Derivatives

The Securities and Exchange Board of India (SEBI) recently announced a series of proposed measures aimed at curbing speculative trading activities in the index derivatives segment. The SEBI's announcement arose from concerns about the exponential rise in trading volume within the futures and options (F&O) segment. Understanding Derivatives Derivatives are financial...

SEBI Introduces Quarterly Disclosure Requirements And New Committees For Stock Exchanges And Clearing Corporations

The Securities and Exchange Board of India (SEBI) has introduced amendments to the regulations governing stock exchanges and clearing corporations. The amended rules now require stock exchanges and clearing corporations to disclose their shareholding patterns on a quarterly basis on their respective websites following the same requirements and format specified in the Securities...

Ernakulam Consumer Commission Orders Rs 17.83 Lakhs As Compensation To Malayalam Film Actor

The Consumer Disputes Redressal Commission at Ernakulam recently ordered compensation of Rs 17,83,641 to Malayalam film actor Harishree Ashokan due to the supply and installation of defective tiles at his residence, 'Punjabi House'.The Bench comprising President D B Binu and Members Ramachandran V and Sreevidhia T N found that Peekya Tiles Centre (distributor), Kerala AGL World (manufacturer)...

Maintenance Charges And IFMS Not Financial Debt Under Section 5(8) Of IBC: NCLT New Delhi

The National Company Law Tribunal New Delhi bench of Bachu Venkat Balaram Das (Judicial Member) and Atul Chaturvedi (Technical Member) has held that maintenance charges and interest free maintenance security (IFMS) does not amount to financial debt within the meaning of Section 5(8) of the IBC. Brief Facts: The matter pertained to an application jointly filed by ILD Owners...

NCLAT Approves Byju's Settlement With BCCI

The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has approved a settlement between Byju's, a prominent ed-tech firm, and the Board of Control for Cricket in India (BCCI). This settlement which involves the payment of ₹158 crore in arrears will allow Byju's to exit insolvency proceedings that were initiated due to a petition from the BCCI. Justice Rakesh...

SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

The Securities and Exchange Board of India (SEBI) has imposed a fine of ₹3 lakh on IIFL Securities for failing to maintain due diligence and care in its role as market intermediaries. This penalty arose from the mishandling of client data related to domicile information which impacted stamp duty obligations. Between July 2020 and June 2022, IIFL Securities registered 12,101...