Delhi Sealing : Premises Originally Purchased As Shops Not To Be Sealed, Says Supreme Court [Read Order]

The Supreme Court has observed that there is no reason to continue the sealing of premises by the Municipal Corporation of Delhi if they were actually sold as shops."If it is a fact that the premises which have been sealed on the ground of unauthorised change of user from residential to commercial, was actually sold as a shop, we see no reason why the sealing should...

Migration From Unrecognised Medical College To Recognised One Restricted By MCI Regulations: Supreme Court

The Supreme Court on Tuesday held that migration cannot be permitted from an unrecognised medical college to a recognised medical college in view of Regulation 6 of the Medical Council of India Regulations on Graduate Medical Education, 1997. The bench of Justices L. Nageswara Rao and Indira Banerjee were hearing the MCI's challenge to a September, 2020 Rajasthan High Court...

Creditor Will Not Become 'Financial Creditor' Under IBC If A Corporate Debtor Has Only Given Security By Pledging Shares, Without Undertaking To Discharge Borrower's Liability: Supreme Court

The Supreme Court has held that if a corporate debtor has only offered security by pledging shares, without undertaking to discharge the borrower's liability, then the creditor in such a case will not become 'financial creditor' as defined under the Insolvency and Bankruptcy Code(IBC).The Court held that such a creditor could be a secured creditor but will not be a financial creditor under...

Can Defaulting Promoter, Disqualified From Submitting Resolution Plan, Propose Scheme For Compromise? Supreme Court To Examine

'Whether the Promoter is eligible to file an application for Compromise and Arrangement under section 230 of the Companies Act, while he is ineligible under Section 29A of the I&B Code to submit a 'Resolution Plan'?, the Supreme Court on Wednesday agreed to examine.Section 230 of the Companies Act, 2013 provides for a scheme of compromise or arrangement (including a reorganisation of...

SEBI Penalizes Future Corporate For Insider Trading; Bars Founder Kishore Biyani From Securities Market For One Year

The Securities and Exchange Board of India has penalized Future Corporate Resources Pvt Ltd, Kishore Biyani and Anil Biyani, founder and co-founder of Future group respectively, and five others for insider trading.Future Corporate Resources Pvt Ltd(FCRL), Kishore Biyani, Anil Biyani and five others have been prohibited from dealing in securities market for a period of one year.Further,...

'Belief Of Commission Of Act Of Money Laundering' Has To Be Recorded Before Directing Freezing Of Bank Accounts Under PMLA: Supreme Court

The Supreme Court observed that, before directing freezing of bank accounts under Prevention of Money­ Laundering Act, the Authority has to record the belief of commission of the act of money laundering.In this case, Deputy Director, Directorate of Enforcement through the communication addressed to the Anti Money­ Laundering Officer of some Banks instructed them that ...

Breaking: Calcutta High Court Directs Centre To Grant Reservation, Other Benefits To Transgender Persons In Joint CSIR-UGC NET Exam

Non-grant of such reservation, age relaxation and fee concession to Transgender Persons in the Joint CSIR-UGC NET Examinations is unacceptable and patently violative of Articles 14 and 21 of the Constitution of India : Calcutta High Court

Mere Recovery Of Currency Notes From Public Servant Does Not Constitute Offence U/s 7 Of Prevention Of Corruption Act: Supreme Court

The Supreme Court has observed that mere possession or recovery of currency notes is not sufficient to constitute an offence under Section 7 of the Prevention of Corruption Act.To prove the charge, it has to be proved beyond reasonable doubt that accused voluntarily accepted money knowing it to be bribe, the bench comprising Justices Ashok Bhushan, R. Subhash Reddy and MR Shah...

Online Classes : Supreme Court Issues Notice On Appeal Against MP HC Order To Charge Only Tuition Fees By Private CBSE Schools

The Supreme Court on Wednesday directed the Petitioners to serve advance notice to the Respondents in a plea challenging an order of the Madhya Pradesh High Court wherein directions were given to private unaided CBSE schools to charge only tuition fees from its students during the COVID-19 pandemic. A Bench headed by Justice AM Khanwilkar heard the matter and proceeded to tag the plea...

Plea Against Chinese Fake Loan Apps : Supreme Court Asks Petitioner To Approach Centre With Representation

The Supreme Court on Wednesday disposed of a Public Interest Litigation(PIL) petition seeking action against China-backed fake loan apps by asking the petitioner to approach the Union Ministry with an appropriate representation.A bench headed by the Chief Justice of India was considering a PIl filed by an NGO called "Save Them India Foundation" through its Chairman Mr.Praveen...

Any "Senior, Responsible Officer" From Facebook Can Appear Before Delhi Legislative Assembly: Dr. Abhishek Singhvi Clarifies Before Supreme Court

In an interesting development, Dr. Abhishek Manu Singhvi, senior counsel appearing on behalf of Delhi Legislative Assembly informed the Supreme Court that "any senior, responsible officer from Facebook" can come and appear before the Assembly and not necessarily Mr. Ajit Mohan. The clarification came after the Supreme Court continued to hear Facebook India Vice President, Ajit Mohan's...

'Approach High Court' : Supreme Court Allows Withdrawal Of Petition Challenging "Love Jihad" Ordinance Of UP

The Supreme Court on Wednesday allowed the withdrawal of a writ petition challenging the controversial Uttar Pradesh Ordinance on Unlawful Religious Conversions - commonly known as the 'love jihad' ordinance - with liberty to approach the High Court.A bench headed by the Chief Justice of India SA Bobde observed that the Supreme Court was not inclined to deal with the matter when the High Court...