Experts believe much will depend on whether the court buys RBI's argument that public policy will be hurt by allowing Docomo an exception to its current policy.
A bench comprising Justices A K Goel and U U Lalit asked Mallya if he had been truthful after a consortium of banks led by the SBI alleged that USD 40 million was transferred by Mallya to his three children in complete violation of the Karnataka High Court order.
RBI remains opposed to the payout under the existing structure. RBI said the existing clause in the joint venture agreement was illegal, something which Tata Sons denies. RBI said a fixed rate of return for exit from the joint venture makes it illegal.
The report by an independent claims supervisor said the German automaker is buying back and terminating leases on about 15,000 vehicles a week. VW has made offers to buyback vehicles or cancel leases to 323,179 US consumers totalling USD 5.86 billion, it said.
President Donald Trump has slammed the court that is deliberating his immigration and refugee executive order as being "so political," part of a relentless pounding of the judiciary branch that prompted a rebuke from his nominee for the Supreme Court.
In an alarming scenario, a whopping 2.8 crore cases are pending in district courts across the country which are short of nearly 5,000 judicial officers.
The brawl between Ratan Tata and Cyrus Mistry seems to have no end. Tata Sons has escalated the legal battle and asked Mistry to return documents related to confidential information and property.
A Delhi court has issued a notice to Indiabulls Real Estate Ltd and its subsidiary firm Athena Infrastructural Ltd, on a criminal complaint seeking the lodging of an FIR against them for allegedly cheating R
In a relief to three top officials of beleaguered real estate major Unitech Ltd, Delhi High Court on Monday stayed the execution of non-bailable warrants against them issued by a trial court on a private complaint alleging delay in handing over of flats to buyers.
A US appeals court today handed Apple a victory in one of its battles with rival Samsung, reinstating a USD 119.6 million verdict for the iPhone maker for patent infringement.
Faced with an arbitration award against it by the erstwhile foreign partner NTT Docomo Inc, Tata Sons today said it had filed evidence with English High Court supporting application to set aside ex-parte order obtained by the Japanese telecom major.
The Centre today told the Delhi High Court that it has extended by six months the term of the one-member judicial commission on OROP which has commenced public hearings on grievances of ex-servicemen from yesterday.
Advertisement watchdog has refuted Patanjali's claims that it is biased toward certain MNCs. ASCI sources told CNBC-TV18 that it looks at every complain objectively.
The Tamil Nadu government yesterday clarified that employees of IT companies were free to form worker unions under the Industrial Disputes Act, 1947.
After the demise of business tycoon, Abhey Oswal, members of the Oswal family have gotten into a tangle over his wealth and business succession plan.
Embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed.
Businessman Praveen Sawhney, a Swiss bank account holder, has been summoned as accused by a Delhi court in an alleged tax evasion case against him filed by the Income Tax Department.
The Bombay High Court today came down heavily on a petitioner for filing a PIL on the issue of fake currency notes and arraigning the Prime Minister of the country as a respondent to the petition.
After a long wait of 13 years, the Bombay HC had acquitted Salman Khan of all charges on December 10.
In order to tackle such tax issues, the government is working on a separate roadmap for out of court settlement of litigation matters.
Famed bond investor Bill Gross has sued his former employer Pacific Investment Management Co and its parent Allianz SE for USD 200 million, claiming he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.
Sahara head Subrata Roy has been held in jail for over a year after the company failed to comply with a court order to refund billions of dollars from an illegal bond programme.
Chief Judicial Magistrate, Darjeeling court, Utpal Mishra passed the order yesterday evening during which Sen was present in the court. The case had been filed by retired army man Kubir Rai, a Darjeeling resident, in July 2013 against Saradha Group alleging that it had caused him huge financial loss.
SpiceJet said Wilmington Trust SP Services (Dublin) Ltd had agreed to withdraw the process of deregistering the aircraft, subject to SpiceJet satisfying the terms of the settlement, according to a company statement to the stock exchange on Monday.
Although the winning bids for the mines were the highest in their individual auctions, they were low compared with the winning bids for other similar blocks.