VIL’s efforts to revive continue. After recent conversion of equity by Govt, the Company has now petitioned the Supreme Court (SC). Petition is to waive more than Rs 45,000 cr of AGR dues, primarily related to interest and penalties. In addition to the principal amount of Rs 12,797 crore in AGR dues, VIL is liable … Read more
The Supreme Court of India has received a fresh plea that questions the integrity of the existing expert committee looking into the Hindenburg report on Adani Group accusing it of stock manipulation. The plea sought that the apex court formulate a new panel comprising individuals with unblemished integrity and no conflicts of interest in the … Read more
The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, … Read more
The Securities and Exchange Board of India (SEBI) clarified in the Supreme Court on July 10 that “challenges” presented by it before the six-member Justice A.M. Sapre expert committee in the Hindenburg-Adani allegations case did not emanate from the repeal of the “opaque structure” provisions from the Foreign Portfolio Investors (FPI) Regulations in 2019. The … Read more
The Supreme Court on Wednesday asked Sebi to submit by August 14 the status of probe into Hindenburg’s allegations of stock price manipulations against Adani group companies but refused to convert the court proceedings into a roving inquiry, including investigations into the alleged role the LIC, which had invested a substantial amount in Adani companies. … Read more
A five-judge Constitution bench of the Supreme Court amid pronouncement of its judgment on a batch of pleas challenging the Central Government’s 2016 decision to demonetise, in New Delhi on January 2, 2023 The majority judgment of the Supreme Court on January 2, 2023 details extensively the documents placed on record by the government to … Read more
Speaking at the Hindustan Times Leadership Summit 2022, Chief Justice of India Dhananjaya Y Chandrachud on Saturday said that social media has posed as one of the biggest challenges. “Very often it’s not very easy to distinguish between what lies in the realm of policy and what lies in the realm of legality,” CJI Chandrachud … Read more
The Supreme Court said on May 19 that the GST council’s recommendations were not binding on the Union and states. However, they do have a persuasive value because of the country’s cooperative federal structure. A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath also stated that the Centre and states had concurrent rights … Read more
The Supreme Court on Wednesday slammed real estate developer Supertech over non-payment to the homebuyers for flats which were ordered to be demolished. A bench headed by Justice DY Chandrachud told Supertech to keep their office in order and to make the payment to home buyers by January 17. It said that no amount should … Read more