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Bombay High Court Restrains DHFL Promoters from Going Abroad over Dues Worth Rs 200 Crore - 08.11.2019

Bombay High Court has restrained Dewan Housing Finance Corporation Ltd (DHFL) promoters Dheeraj Wadhawan and Kapil Wadhawan from leaving the country until further orders, in a plea filed by 63 Moons Technologies seeking recovery of around Rs 200 crore dues. The Court noted that the Wadhawans will have to seek permission from the High Court if they wish to leave the country.

Tags : Bombay High Court DHFL

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Federal-Mogul Open Offer Case: SAT Rejects Tenneco Appeal, Asks to Deposit Amount Within 4 Weeks - 08.11.2019

Securities Appellate Tribunal has rejected appeals against Securities and Exchange Board of India’s order for an higher open offer price for shareholders of Federal-Mogul following its acquisition by US-based Tenneco Inc and has asked the acquirer to deposit the amount within four weeks in the escrow account.

Tags : SAT Federal-Mogul

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SAT Quashes SEBI's Order Banning Tree House Education, Accessories and Officials - 08.11.2019

Securities Appellate Tribunal has set aside Securities and Exchange Board of India order banning Tree House Education and Accessories and its officials from securities market in a matter related to alleged misstatement of financials of the firm.

Tags : SAT Tree House Education

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CBDT Notifies PAN-Aadhaar Interchangeability - 08.11.2019

Central Board of Direct Tax has notified the amendments of over 100 forms and returns to provide for interchangeability between permanent account number (PAN) and Aadhaar number.

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NGT Slams MoEF for Delay in Issuing Notification to Ban RO Purifiers - 07.11.2019

National Green Tribunal has slammed the Environment Ministry (MoEF) for the delay in issuing a notification to ban RO purifiers where total dissolved solids in water are below 500 milligrams per litre and warned the officer concerned of stopping his salary. The Tribunal said that the delay in compliance of its order is causing harm to public health and environment.

Tags : NGT RO Purifiers

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Supreme Court Grants Interim Bail to Director of Greater Noida's Grand Venice Mall - 07.11.2019

Supreme Court has granted interim bail to director of Grand Venice Mall in Greater Noida in a case pertaining to complaints by some allottees of shops and directed him to deposit Rs 50 crore as a precondition for the relief.

Tags : Supreme Court Grand Venice Mall

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BHC: Wife Entitled to Relief under DV Act Even After Divorce if She Continues to Cohabit with Spouse - 07.11.2019

Bombay High Court (BHC) has ruled that ten years after the decree of divorce has been passed wife is entitled to reliefs under the Protection of Women from Domestic Violence Act, 2005 (DV Act) if she continued to cohabit with her husband(ex) post divorce.

Tags : BHC DV Act

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Supreme Court: HC while Exercising Revisional Jurisdiction can Condone Delay - 07.11.2019

Supreme Court has held that the provisions of Section 5 of the Limitation Act, 1963 are applicable on High Court while exercising revisional power since there is no express exclusion of the Limitation Act by the provisions of Himachal Pradesh Value Added Tax Act, 2005.

Tags : Supreme Court Condone Delay

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SC Clarifies Section 144 CPC not Attracted when there is no Variation or Reversal of Decree or Order - 06.11.2019

Supreme Court has observed that the provisions of Section 144 of Code of Civil Procedure, 1908 will not be attracted when there is no variation or reversal of a decree or order. The Court noted that the principle of doctrine of restitution is that on the reversal of the decree, the law imposes an obligation on the party to the suit who received the benefit of the decree to make restitution to the other party for what he has lost.

Tags : SC Decree

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SEBI Increases Governance Norms for Rating Agencies - 05.11.2019

Securities and Exchange Board of India has said that the Chief Executive Officer of a rating firm cannot be a member of the rating committee and such committees will directly report to the chief rating officer. The capital markets regulator also said that independent directors should constitute one-third of the board of the rating agency.

Tags : SEBI Rating Agencies

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