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Independent Directors Cannot Automatically Escape Liability For Fraud Under IBC: NCLT Mumbai
Independent directors cannot automatically escape liability for a company's alleged fraudulent transactions under Insolvency and Bankruptcy Code, the National Company Law Tribunal (NCLT), Mumbai has ruled.The tribunal said that simply holding the title of an independent or non-executive director does not protect a person from scrutiny under insolvency law without examining their culpability...
Profits Earned On Bribe After Investment In Share Market Also Part Of Proceeds Of Crime, Can Be Attached Under PMLA: Delhi High Court
The Delhi High Court on Monday ruled that the profits earned on bribe money after investment in share market amounts to proceeds of crime and is liable to be attached under the PMLA. A division bench comprising Justice Anil Kshetarpal and Justice Harish Vaidyanathan Shankar said that the appreciation in value does not cleanse or purify the “tainted origin,” since the augmented value...
Bombay High Court Lifts Stay On Trial Against Abu Jundal In 26/11 Mumbai Terror Attacks Case
Clearing the decks for the second phase of trial in the 26/11 Mumbai Terror Attacks case, the Bombay High Court on Monday (November 3) set aside a special court's order which had in 2018 stayed the trial against Zabiuddin Ansari alias Abu Jundal, the alleged handler of the 10 Pakistani terrorists who had entered the city.Single-judge Justice RN Laddha quashed and set aside the special...
Mere 'No Coercive Steps' Phrase Doesn't imply Stay Or Suspension Of Investigation: Delhi High Court
The Delhi High Court on Monday observed that the mere phrase “no coercive steps” does not imply stay or suspension of investigation against an individual. “….mere articulation of the phrases "no coercive measures" or "no coercive steps" with reference to a person cannot to be construed as necessarily implying a stay or suspension of any ongoing investigation against that...
Associate Manager (Legal) Vacancy At Induslnd Bank [Chennai; Apply Now]
Induslnd Bank invites online application for the post of Associate Manager (Legal).Name of the Post: Associate Manager (Legal) Location: Chennai Age Limit: 28 Years Compensation: 3.4 to 6 LPA Essential Qualification and Experience • Degree in LL.B./LLM with minimum 2-4 years of experience in handling litigation, drafting and legal documents and managing cases. • Strong knowledge of laws and regulations relevant to the banking industry. • Excellent drafting, analytical and communication...
Country's Richest Civic Body Failed To Protect Citizens: State Human Rights Body Fines BMC ₹12 Lakh After Sweepers Perform ECG On Patients
The Maharashtra State Human Rights Commission (MSHRC) imposed a hefty fine of Rs 12 lakhs on the Brihanmumbai Municipal Corporation (BMC) after it learnt that the civic body had not recruited 'trained' practitioners to perform Electrocardiogram on patients in one of its hospitals.In doing so the human rights panel said that allowing a ward boy or a sweeper to carry out an Electrocardiogram...
Boutique Club & Musa Trip Pvt. Ltd. Held Liable For Deficiency In Service, Unfair Trade Practice: Chandigarh Consumer Commission Orders ₹1 Lakh Relief
The District Consumer Disputes Redressal Commission-II, Chandigarh bench comprising Amrinder Singh Sidhu (President) and B.M. Sharma (Member) held the Boutique Club and Musa Trip Pvt. Ltd. liable for deficiency in service and unfair trade practice for failing to provide a booked holiday package or refund the amount paid by the complainant.Brief Facts of the Case:The complainant, Rajni, filed...
Delhi District Consumer Commission Holds Bharti Airtel & Balaji Traders Liable For Failing To Port Mobile Number
The District Consumer Disputes Redressal Commission (South-West), New Delhi, comprising Shri Suresh Kumar Gupta (President) and Ms. Harshali Kaur (Member), held Bharti Airtel Ltd. and Balaji Traders liable for deficiency in service for failing to port the complainant's mobile number after taking ₹3,000. The Commission directed them to refund ₹3,000 with 6% interest and pay ₹5,000...
Any Activity Endangering Public Health Through Spread Of Narcotics Strikes At Root Of Societal Stability: Telangana High Court
While upholding the detention of a woman stated to be a drug peddler caught selling ganja three times last year, Telangana High court remarked that her detention will help in facilitating her moral and social reformation. A Division Bench of Justice Moushumi Bhattacharya and Justice Gadi Praveen Kumar was hearing a Habeas Corpus plea filed by the daughter of the detenu, challenging her...
MahaRERA Rejects Complaint Against Piramal Builders, Rules Builder Cannot Be Held Responsible For Homebuyer's Delayed Home Loan Approval
Maharashtra Real Estate Regulatory Authority (“Authority”) bench comprising Mahesh Pathak (Member I), held that Piramal Estate is not liable for the Homebuyer's delayed home loan approval as the project was already registered with MahaRERA and all relevant information, including pending litigations was publicly available. Homebuyer had alleged that his home loan was...
Public Interest Paramount: Madras High Court Condones 32-Year Delay By State In Filing Appeal In Title Dispute Case, Imposes ₹5 Lakh Cost
Condoning 32-year delay by Tamil Nadu government in filing an appeal in a land dispute case, the Madras High Court said that public interest is paramount and if it shown that the public interest has suffered due to fraud, the court could use its discretionary power to condone delay. “Public interest is the paramount consideration while considering the plea of Government to condone...






![Associate Manager (Legal) Vacancy At Induslnd Bank [Chennai; Apply Now] Associate Manager (Legal) Vacancy At Induslnd Bank [Chennai; Apply Now]](https://www.livelaw.in/h-upload/2025/02/18/500x300_587411-job-hiring.webp)





