BUSINESS
Electoral Bonds: Why SC interpreted and clarified its own judgment twice in a week
The SBI chairman has now faced the top court's scrutiny twice for its interpretation of the February 15 judgment on the constitutional validity on electoral bonds.
BUSINESS
SC refuses to hear industry bodies' plea against revealing poll bond numbers
FICCI, ASSOCHAM and CII had wanted the release of alpha numeric electoral bond numbers, which will help in linking the donor to a political party, deferred. SBI has to submit all details by March 21, the court has said
POLITICS
Electoral Bonds: SC asks SBI to furnish all details available with it, asks CMD to file affidavit
The CMD of SBI has been asked to reveal details of electoral bonds from April 2019 till date.
LOK-SABHA-ELECTION
Lok Sabha elections 2024: Denial of paid leave on poll day punishable by law
The right to vote is a constitutional right, thus every person over the age of 18 is entitled to vote in India. In case an employer does not grant paid leave on polling day, the employee can approach the ECI or the State Election Commission.
BUSINESS
CCI to probe Google's billing system for violation of competition law
CCI has ordered the Director General to conduct an investigation, complete it and file a report regarding the same in 60 days.
TRENDS
Delhi HC defers hearing of contempt plea against Go First RP to April 5
Meanwhile, the HC has directed the RP to file a reply to its show cause notice asking why contempt of court proceedings should not be initiated against him.
POLITICS
Supreme Court to hear pleas on EC selections on March 21
A three judge bench of the court led by Justice Sanjiv Khanna, asked the petitioners to move an appropriate application for stay of appointments of CEC and EC. The court also noted that the courts do not normally stay the operation of a law.
BUSINESS
Delhi HC asks Ashneer Grover to take down defamatory tweets against BharatPe
Among the tweets he has been asked to remove is the one in which he called Rajnish Kumar, a former SBI chief who is now the chairman of BharatPe board, as 'petty people'
POLITICS
Electoral bonds: SC issues notice to SBI for not furnishing unique numbers, posts matter for March 18
The plea filed by ECI asked the Supreme Court to direct the return the documents/data/information on electoral bonds that it submitted in November 2023.
TRENDS
Digital competition law will provide more teeth to CCI to regulate digital markets, legal experts say
However, they feel that two co-existing anti-trust laws may lead to over-regulation and add to the compliance burden of firms, the burden of which ultimately the consumer may have to bear.
BUSINESS
Battle over state finances heats up as Kerala rejects another offer from Centre
Documents sourced by Moneycontrol showed that the government of India modified its offer to Kerala, ready to give its consent for Kerala to borrow Rs 5,000 crore now instead of on April 1, 2024, subject to certain conditions.
POLITICS
States can delay CAA implementation but cannot defeat it: Senior advocate Vikas Singh
Singh spoke to Moneycontrol on how the Citizenship Amendment Act would play out on the ground in light of the chief ministers of Kerala, Tamil Nadu and West Bengal stating that they would not be implementing the law.
BUSINESS
Byju's Vs Investors: Karnataka HC extends interim protection against EGM resolution till March 28
It maybe noted that on February 23, a host of blue chip investors like Prosus, General Atlantic and Peak XV voted to fire Chief Executive Officer (CEO) Byju Raveendran from edtech company Byju’s. However, the resolution could not be given effect to owing to the Karnataka High Court order.
POLITICS
Delhi HC rejects Congress' appeal against ITAT judgment on lien of its bank accounts
The court noted that it found no reason to interfere in the ITAT order and granted liberty to Congress to move the appellate tribunal if there is a change in circumstances.
TRENDS
SCBA distances itself from head Adish Aggarwala's letter to president on electoral bonds
The SCBA also condemned Aggarwala's letter stating that it was an attempt to undermine the authority of the Supreme Court of India.
BUSINESS
Higher CCI exemption may encourage companies to pursue M&A route for growth: Experts
The government on March 8 raised the threshold for combination filing i.e. smaller business deals, including mergers and acquisitions, to happen without prior approval of the Competition Commission Of India (CCI). This move has been welcomed as a positive step by industry and experts.
POLITICS
Delhi HC reserves Congress plea against ITAT order for judgment
During the course of the hearing, the bench led by Justice Yashwant Varma observed that the court is inclined to send the case back to ITAT to reconsider whether a stay could be granted subject to deposit of 20 percent of the disputed amount.
BUSINESS
NCLAT upholds transfer of ownership of Jet Airways to Jalan Kalrock Consortium
The appellate tribunal has directed lenders to effect the transfer in 90 days, and told the consortium to procure an air operator's certificate with in this window.
TRENDS
Electoral bond controversy: SBI's plea and Supreme Court's directive
While SBI had said it would require time to match the details of the donor with the political party they have donated to, Supreme Court clarified that it need not do any such matching and it would have to submit the details that are readily available with it.
POLITICS
SC junks Bengal's plea against transfer of Sandeshkhali ED assault case to CBI
The court, however, expunged the Calcutta High Court's remarks against West Bengal police from the order
POLITICS
Delhi HC to hear Congress's appeal against ITAT order on March 12
On March 8, the court dismissed Congress' plea seeking a stay on IT lien on its bank accounts. The party had sought an urgent hearing of the appeal against ITAT order at the Delhi High Court on March 11
POLITICS
Electoral bonds case: SC dismisses SBI's extension plea, asks it to submit details by March 12
The top court directs Election Commission to publish information shared by SBI by March 15.
TRENDS
New criminal laws will mean procedural change; offences, though, remain much the same: Sr Adv Amit Desai
According to Desai, the effects of the new laws on the criminal justice system and in investigations may take five to seven years to fully pan out.
POLITICS
Congress was not keen to pursue the appeal till recovery was initiated: ITAT order notes
ITAT made these observations as the assessing officer of the department had raised a demand of Rs. 105 crore in July 2021. Congress appealed against the demand before the Commissioner of Income Tax (Appeals), the same was dismissed in March 2023. Congress filed an appeal in ITAT in September 2023, however it has not been argued till date.
