News

SC Rejects SBI Plea Seeking Vacation of Stay on Insolvency Proceedings Against Anil Ambani - 18.09.2020

Supreme Court has declined to vacate a stay granted by Delhi High Court towards the ongoing Insolvency and Bankruptcy Code, 2016 proceedings against Reliance Group Chairman Anil Ambani.

Tags : Supreme Court Anil Ambani

Top

SC: Compensation for Loss of Future Prospects Can be Awarded in Cases of Permanent Disablement - 18.09.2020

Supreme Court has observed that compensation for loss of future prospects can be awarded in cases of permanent disablement incurred as a result of a motor accident.

Tags : Supreme Court Compensation for Loss of Future Prospects

Top

Delhi HC: Govt Cannot Fix Speed Limit Below Prescribed Statutory Speed Limit - 18.09.2020

Delhi High Court has struck down the state government’s 2018 notification laying down a speed limit of 40km/hour for a category of transport vehicles registered after October 2015. The Court has held that the State government cannot fix a speed limit for vehicles, which varies from the prescribed speed under the Central Motor Vehicles Rules, 2015 and the Motor Vehicles Act, 1988.

Tags : Delhi High Court Speed Limit

Top

SEBI Modifies NAV Rules for Mutual Funds - 18.09.2020

Securities and Exchange Board of India (SEBI) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds. The Board has also tightened rules on the processes that fund managers follow to buy shares. The new rules will become effective from 1st January, 2021.

Tags : Securities and Exchange Board of India NAV Rules for Mutual Funds

Top

SC: Period for Filing Plea for Enforcement of Foreign Award is Under Article 137 of Limitation Act - 17.09.2020

Supreme Court has held that the period of limitation for filing a Petition for enforcement of a foreign award under Sections 47 and 49 of the Arbitration and Conciliation Act, 1996, would be governed by Article 137 of the Limitation Act, 1963 which prescribes a period of three years from when the right to apply accrues.

Tags : Supreme Court Period for Filing Plea for Enforcement of Foreign Award

Top

SC Junks Police Closure Report on the Mysterious Death of NLU-J Student - 17.09.2020

Supreme Court has junked the closure report filed by Rajasthan police in the investigation into the mysterious death of Vikrant Nagaichm who was a 3rd-year law student of the National Law University, Jodhpur (NLU-J) and has ordered a new investigation in the case by a fresh team, which is to be completed within a period of two months.

Tags : Supreme Court Investigation in Death of NLU-J Student

Top

SC: Enforcement Court May Refuse Enforcement of Foreign Award, Cannot Set Aside or Correct - 17.09.2020

Supreme Court has observed that though enforcement Courts may refuse enforcement of a foreign award, if the conditions contained in Section 48 of the Arbitration and Conciliation Act, 1996 are made out, but it cannot set aside or correct a foreign award, even if such conditions are made out.

Tags : Supreme Court Enforcement of Foreign Award

Top

SC Seeks Response from States on Status of Installation of CCTV Cameras and Oversight Committees - 17.09.2020

Supreme Court has directed Chief Secretary of each State and Union Territory to inform it about the exact position as to CCTV cameras in Police Stations as well as the constitution of Oversight Committees.

Tags : Supreme Court CCTV Cameras Oversight Committees

Top

Delhi HC: Scale Up RT-PCR Tests on Priority - 17.09.2020

Delhi High Court has observed that RT-PCR is the gold standard test to trace COVID-19 infection and has directed the Aam Aadmi Party Government to scale up testing capacity and number of tests.

Tags : Delhi High Court RT-PCR Test

Top

SC Backs Vedanta on Rs 3500 Crores Arbitration Award - 17.09.2020

Supreme Court has upheld a Rs. 3,500 Crores international arbitration award in favour of Vedanta, to be paid by the Indian government in lieu of additional cost to explore and develop the Ravva gas and oil fields off the east coast.

Tags : Supreme Court Vedanta

Disclaimer