News

National Companies Law Appellate Tribunal Removes Strictures on ROC in Tata Sons’ Case - 03.01.2020

National Companies Law Appellate Tribunal has removed strictures against the Registrar of Companies, Mumbai, from its order that ruled that Tata Sons’ conversion from public to private entity was illegal and directed the Registrar to reverse the same. The Tribunal has also sought clarifications from the Registrar on what constitutes a private company.

Tags : National Companies Law Appellate Tribunal Tata Sons

Top

Securities and Exchange Board of India Confirms Ban on BMA Wealth Creators Ltd - 03.01.2020

Securities and Exchange Board of India has issued an order confirming its ban against stock broker BMA Wealth Creators Ltd., its promoters and four other entities from accessing capital markets for alleged misappropriation of client securities worth Rs 93 crore.

Tags : Securities and Exchange Board of India BMA Wealth Creators Ltd

Top

Gujarat High Court: Divorced Woman Cannot Seek Monetary Relief from Ex-Husband - 03.01.2020

Gujarat High Court has observed that a woman once divorced cannot seek monetary relief from her former husband under the Protection of Women from Domestic Violence Act, 2005. The Court while quashing the proceedings noted that the wife would be an aggrieved person under the 2005 Act so long as the domestic relationship survives. As soon as it is snapped, it is an end to their domestic relationship and she would not be an aggrieved person then.

Tags : Gujarat High Court Divorced Woman

Top

Bombay High Court: Set Up Complaint Boxes in Every Civic School - 03.01.2020

Bombay High Court has recommended to the Brihanmumbai Municipal Corporation to set up complaint boxes in each of its schools to tackle the problems pertaining to lack of drinking water and toilet facilities. The High Court said that students could be made to write the complaints.

Tags : Bombay High Court Complaint Boxes

Top

Kerala High Court Upholds Decision to Set Up Gas Crematorium - 03.01.2020

Kerala High Court has upheld permission granted by the District Collector for setting up a gas crematorium proposed by Poothrikka panchayat. The Court further noted that a private party could not insist that the panchayat should not set up its own crematorium.

Tags : Kerala High Court Crematorium

Top

Bombay High Court Permits Adoption of 22 Yr Old Girl Sought by 66 Yr-Old 'Guardian' Who Raised Her - 03.01.2020

Bombay High Court has allowed an adoption petition by a 66 year old man who sought adoption of a 22 year old girl who raised her. The Court further noted that the 22 year old girl was well integrated into her guardian’s family and was an inextricable part of the same. Further she was eagerly awaiting legal recognition of her status as her guardian’s daughter.

Tags : Bombay High Court Adoption

Top

National Companies Law Tribunal Rejects Sun Pharma’s Plan to Demerge Overseas Subsidiary - 02.01.2020

National Companies Law Tribunal has rejected the Sun Pharmaceutical Industries’ plan to demerge an overseas unit. The company’s plan to consolidate the holding structure for Sun Pharma’s overseas, direct or indirect wholly-owned subsidiaries has been put on hold.

Tags : National Companies Law Tribunal Sun Pharma

Top

NCLT Dissolves Orchid Pharma Promoter Firm - 02.01.2020

National Companies Law Tribunal has dissolved Orchid Healthcare Pvt. Ltd, promoter entity of Orchid Pharma, saying that here there are no assets and a corporate insolvency resolution process would only increase cash outflow without benefits.

Tags : NCLT Orchid Pharma

Top

CBI Court Rejects Indrani Mukherjee’s Plea for Bail - 02.01.2020

Central Bureau of Investigation Court has rejected Sheena Bora murder accused Indrani Mukherjee’s plea for bail on health grounds, observing that she had drafted her bail application and enumerated several grounds in support of her contention, indicating that she was mentally fit despite her medical ailments.

Tags : CBI Court Indrani Mukherjee

Top

Telangana High Court has Stayed Debt Recovery Tribunal’s Order Against Karvy Stock Broking - 02.01.2020

Telangana High Court has given interim relief to Karvy Stock Broking against ICICI Bank’s plea for initiating debt recovery proceedings against the broking house. The Court observed that Debt Recovery Tribunal’s order was ex- parte and prejudicial to the broking house, thereby granting ‘interim suspension’ of the order.

Tags : Telangana High Court Debt Recovery Tribunal

Disclaimer