Justice Karnan goes down in the Indian judicial history as the first serving High Court judge against whom an arrest warrant has been issued by the apex court in a contempt case.
The Securities and Exchange Board of India (Sebi) has initiated the process for sale of assets of Tower Infotech Ltd, as per an order from Calcutta High Court, under which the auction would be conducted for sale of the company's assets.
Calcutta high court has sanctioned the scheme of arrangement for amalgamation of Emami Realty and Emami Rainbow Niketan, the wholly-owned subsidiaries, with the company in the open court.
Merger with Tata Steel fell through due to inordinate delays, says Tata Metaliks Managing Director Sanjiv Paul. He hopes that the application for merger with its subsidiary Tata Metaliks DI Pipes will get approval soon.
United Bank of India (UBI) was the first lender to make an attempt to declare Mallya as wilful defaulter in 2014 but it was dismissed by the Calcutta High Court.
On a day of fast-moving developments, the news of Justice Karnan taking on the CJI came after an apex court court bench asked the Chief Justice of the Madras High Court not to assign any judicial work to him.
The company's consolidated net income, however, was lower at Rs 327.90 crore in the July-September quarter from Rs 350.76 crore in the same quarter of 2014-15, it said in a BSE filing.
Earlier in September, UBI had declared Kingfisher Airlines and its chairman Vijay Mallya wilful defaulters for non-payment of Rs 400 crore of dues. Three company directors include Subhash R Gupte, Ravi Nedungadi and Anil Kumar Ganguly.
Amit Shah should send a thank you note to Mamata Banerjee and not the high court.
Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.
RBI has issued clarification on 'wilful defaulter' tag wherein it allowed banks to include key executives in the management as defaulters too. The central bank also wants banks to name non-group entities as â€˜wilful defaulters‘ if they have given guarantees and don‘t pay up when the original party defaults.
KFA Gets Wilful Defaulter Tag! What Next?
The Kolkata-based bank is the first PSU lender to initiate the process of declaring Vijay Mallya and three other directors of the grounded Kingfisher Airlines as wilful defaulters a couple of months ago
Muzzling authors and journalists is the oldest trick in the book for corporate groups and it is indeed surprising that a high court can grant an ex parte stay when the highest court in the land has made a series of negative comments on the Group that go well beyond what any journalist may want to say about Subrata Roy's Sahara Group.
The Calcutta High Court today did not allow a CBI probe into the multi-crore Saradha scam at the present stage and directed that the Special Investigation Team of the state police would continue with its inquiry which would be monitored by the court.
The hearing of the PILs seeking a CBI probe into the multi-crore chit fund scam will be heard by a new bench of the Calcutta High Court as the Chief Justice has released the matter from his bench.
Motor insurance premium is set to become more expensive, with IRDA allowing up to 20 percent increase in third party rates from April 1 in view of rising inflation and the history of claim settlement.
Taking exception to Calcutta High Court's order refusing to give notice to Mamata Banerjee on appointment of Dr Sukumar Mukherjee as chief health advisor to the state goverment, the Supreme Court today issued notice to the West Bengal Chief Minister.
Faced with a TDS assessment order from the income tax department, Mcleod Russel became one of the first Indian companies to challenge the constitutional validity of the retrospective amendments.
Days after the Calcutta High Court struck down the Singur Land Act, a minister in the West Bengal government on Monday said he saw no harm in opening talks with the Tatas to resolve the impasse
Tata Motors today said it will study the Calcutta High Court verdict that held as unconstitutional' an Act under which the West Bengal government had vested land at Singur leased to the auto major.
Tata Motors welcomed today's Calcutta High Court order that held as unconstitutional the Singur Land Rehabilitation and Development Act, 2011, under which the West Bengal Government had vested land leased to the top auto maker.
In wake of the Calcutta High Court holding as unconstitutional the Singur Land Development Act, West Bengal Chief Minister Mamata Banerjee today said her government was with the farmers and committed to return of land to them.
The Calcutta High Court on Friday nullified a law that forced Tata Motors to forfeit Singur land acquired by the company to build a factory, in a decision that could pave the way for the automaker to recoup some of its USD 310 million investment in the development.
A PIL was today moved before the Calcutta High Court questioning the public sector Coal India Ltd's coal pricing policy, claiming that it was making huge profits by fleecing the general public.