Clipped from: https://www.business-standard.com/article/companies/jaypee-infratech-insolvency-suraksha-emerges-as-the-highest-bidder-121051900035_1.html The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs
Category: Legal
Can’t risk a mark of Cairn: Foreign investors look for fair & equitable business environment, not regulatory uncertainty – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/cant-risk-a-mark-of-cairn-foreign-investors-look-for-fair-equitable-business-environment-not-regulatory-uncertainty/2254499/ As Cairn moves to attach AI assets, Centre must stop digging in its heels on retro tax, or risk losing investor confidence Moreover,
For a good ‘bad bank’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/for-a-good-bad-bank/article34589246.ece Many operational details need to be thrashed out before the “bad bank” gets started With borrowers likely to take a renewed hit on
Tripping up on arbitration | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/tripping-up-on-arbitration-121051801441_1.html Cairn Energy has wrong-footed the government Last week, the government of India’s twin ambitions of driving economic growth through foreign direct investment and
Transparent Justice: Live telecast of court proceedings is not just appropriate in a pandemic, but serves the cause of transparency too – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/transparent-justice-live-telecast-of-court-proceedings-is-not-just-appropriate-in-a-pandemic-but-serves-the-cause-of-transparency-too/2253011/ Indeed, it was the SC that cleared the way for this, observing in September 2018, in connection with a petition for live telecast
SAT rejects Sebi view, rules tribunal can function sans technical member | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sat-rejects-sebi-view-rules-tribunal-can-function-sans-technical-member-121051701301_1.html Requests government for faster filling up of vacancies, judicial clarity The Securities Appellate Tribunal has rejected the stock market regulator’s argument that it cannot pass
WhatsApp new privacy policy violates Indian IT laws, Centre tells Delhi HC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/whatsapp-new-privacy-policy-violates-indian-it-laws-centre-tells-delhi-hc/article34581840.ece The new policy says that the users can either accept or exit the app but they cannot opt not to share their data
Fast forward – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fast-forward/article34580773.ece India must take US’ patent waiver proposal forward and expedite the WTO process The US surprised the world a few days ago by
Can clear home loan online but collect original sale agreement – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-can-clear-home-loan-online-but-collect-original-sale-agreement/2253684/ Once you have a buyer, you need to share the loan details with the buyer. The buyer will pay part of the purchase
NBCC, Suraksha submit revised bids – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jaypee-infratech-insolvency-nbcc-suraksha-submit-revised-bids/2250249/ Before submitting the revised plans, both Suraksha and NBCC held meetings with the homebuyers on May 2 and May 7, respectively, people in
Cryptocurrency in India: Crypto exchanges want Sebi or a new entity as regulator, not RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-exchanges-want-sebi-or-a-new-entity-as-regulator-not-rbi/articleshow/82718907.cms Synopsis–Nature of the assets is closer to a commodity and not a currency and hence falls within the domain of the capital markets
SC push to decongest prisons amid pandemic is welcome. In deciding parole, age, comorbidities should be considerations
Clipped from: https://indianexpress.com/article/opinion/editorials/in-a-new-light-4-supreme-court-covid-19-covid-19-india-second-wave-bhima-koregaon-case-7317826/ SC push to decongest prisons amid pandemic is welcome. In deciding parole, age, comorbidities should be considerations The Court’s proposition needs to be
Honour Cairn award, remove uncertainty – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-editorial/honour-cairn-award-remove-uncertainty/articleshow/82717627.cmsSynopsis Apparently, Cairn has identified assets that range from AI’s aircraft to vessels owned by Shipping Corporation of India and properties owned by State-owned
Will companies be liable if employees get exposed to Covid-19 at work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/vaccine-wfo-will-companies-be-liable-if-employees-get-exposed-to-covid-19-at-work/articleshow/82707770.cmsSynopsis As vaccination numbers rise and the number of COVID-19 cases drop, it’s natural for companies to rethink their workplace plans. For executives planning
property legal rights: My father passed away without a will. Who has legal rights to his property? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/my-father-passed-away-without-a-will-who-has-legal-rights-to-his-property/articleshow/82478471.cmsSynopsis Registering a will is not mandatory, nor does it offer any guarantee that it will not be opposed. So, a registered will can
IDBI-Sivasankaran deal raises hope for other defaulting promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
Judiciary walks the talk on Taxpayers’ Charter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/judiciary-walks-the-talk-on-taxpayers-charter/article34573636.ece As promised in the Taxpayers Charter, the IT department is committed to providing fair treatment and delivering professional assistance in all dealings with
Unhappy with insurer’s response to your Covid claim? Move the ombudsman | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/unhappy-with-insurer-s-response-to-your-covid-claim-move-the-ombudsman-121051401193_1.html If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour Kimti Lal Khatri, 55, a resident of
Crypto exchanges draw attention of regulators over brand promotions | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/crypto-exchanges-draw-attention-of-regulators-over-brand-promotions-121051700016_1.html According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the
Reimbursement claimed on welfare expenses incurred by multinationals in India outside gamut of tax: ITAT – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/reimbursement-claimed-on-welfare-expenses-incurred-by-multinationals-in-india-outside-gamut-of-tax-itat/articleshow/82680179.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Tax tribunal lays out ground rules for taxing such expenses, should benefit Indian arms amidst Covid pandemic. It said that there should be
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