Articles for tag: BCCI, Byjus, Court, Crore, Delays, Disputes, Drama, Financial, Fueling, insolvency, Proceedings, Settlement, Supreme

September 6, 2024

Supreme Court delays insolvency proceedings against Byju’s amid disputes over a ₹158.9 crore settlement with BCCI, fueling financial drama.

The Supreme Court has agreed to hear an appeal from Glas Trust Company LLC, a US creditor, regarding a recent NCLAT judgment that paused insolvency proceedings against Byju’s, the prominent ed-tech firm. This decision comes after NCLAT approved a Rs 158.9 crore settlement with the BCCI over outstanding sponsorship payments. Byju’s lawyers argue the petition ...

September 5, 2024

Market News

Business

Sahara Group faces urgent Supreme Court directives to deposit ₹1,000 crore or risk losing valuable Mumbai land in ongoing legal turmoil.

The Supreme Court has ordered the Sahara Group to deposit Rs 1,000 crore into an escrow account within 15 days and is allowing them to form a joint venture to develop their Versova land in Mumbai. This is part of a broader effort to ensure the return of Rs 10,000 crore to investors, as mandated ...

September 4, 2024

Market News

Business

Supreme Court Demands Clarity as Sahara’s Investor Refund Saga Continues

The Supreme Court has instructed the Sahara Group to provide details about its officials and current shareholders, as well as a list of properties that can be sold to raise Rs 10,000 crore. This amount is needed for returning investors’ money, following a court order from August 2012. The court, which has been addressing this ...

September 4, 2024

Market News

Business

Maharashtra Bus Strike: Chaos Unfolds as Court Deems Action Illegal

The Maharashtra State Road Transport Corporation (MSRTC) employees are on strike for better salaries and working conditions, causing significant disruption to bus services just before the Ganesh festival. Many commuters are facing challenges as 63 out of 251 bus depots are completely shut, while others operate partially. The employees seek salary parity with state government ...

September 4, 2024

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Business

Supreme Court Faces West Bengal’s Defiance Amid Doctor’s Brutal Murder Outcry

The Central Government has approached the Supreme Court, accusing the West Bengal government of “unpardonable” non-cooperation in supporting the CISF’s security efforts at RG Kar Medical College, following the tragic rape and murder of a trainee doctor. The Home Ministry claims that the state government’s actions indicate a systemic issue and is seeking action against ...

September 3, 2024

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Business

Taj Trademark Victory: Court Bars Fraudulent Use, Upholds Legacy Since 1903

The Delhi High Court has ruled in favor of Tata Group’s Indian Hotels Company Ltd (IHCL) by permanently banning the managing director of Taj Iconic Membership from using the ‘Taj’ trademark in any form. This decision comes after a trademark lawsuit linked to fraudulent activities involving the impersonation of IHCL. The court ordered the MD ...

September 1, 2024

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Business

President Murmu Urges Revolution in Justice: End Court Adjournments Now!

President Droupadi Murmu emphasized the need for reforms in the judicial system to eliminate the “culture of adjournments” in courts. At the closing event of the National Conference of the District Judiciary, she highlighted the significant challenge posed by the backlog of court cases and stressed that judges must work towards providing swift justice. Murmu ...

August 31, 2024

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Business

Jagdish Tytler Charged: Court Orders Trial for 1984 Riots Murders

A Delhi court has decided to frame charges against Congress leader Jagdish Tytler for murder and other serious offenses related to the 1984 anti-Sikh riots that resulted in the deaths of three individuals in the Pul Bangash area. The judge, Rakesh Siyal, stated that there is enough evidence to proceed with the case. A witness ...

August 30, 2024

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Business

Patanjali’s Vegetarian Claims Under Fire: Court Questions Misbranding Allegations

The Delhi High Court has requested the Indian government’s response to a petition regarding the alleged misbranding of Patanjali’s product “Divya Dant Manjan.” The product, which is labeled as vegetarian with a green symbol, reportedly contains fish extract, making it non-vegetarian. The court issued notices to the Centre, the Food Safety and Standards Authority of ...

May 20, 2024

Market News

Today’s Current Affairs Of India

Current Affairs Question and Answers: Kerala High Court Confirms Death Sentence with “Heavy Heart”

Today’s Current Affairs: Kerala High Court Upholds Death Sentence for Jisha’s Murderer In today’s current affairs, the Kerala High Court confirmed the death sentence for Muhammed Ameer-ul-Islam, who was convicted of the brutal rape and murder of law student Jisha in 2016. The Division Bench of Justices PB Suresh Kumar and S Manu expressed their ...