Source – firstpost.com Mumbai: The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank. A division bench of Justices RV More and SP Tavade said
Source – financialexpress.com Bombay Dyeing chairman Nusli Wadia on Monday withdrew his criminal defamation case against Tata group executives and board members, including chairman emeritus Ratan Tata, after the Supreme Court recorded the group’s statement that it had no intention to defame Wadia. A bench headed by Chief Justice SA Bobde, while disposing of the
Source – hindustantimes.com The Bombay high court (HC) has granted bail to a 25-year-old man who was in jail since April 2018 for raping a 14-year-old girl on grounds that the victim’s conduct indicates she left her home of her own free will and “she had surrendered to the physical desires of the applicant out
Source – freepressjournal.in Mumbai: Putting an end to a 17 years old litigation, the Bombay High Court last week upheld the acquittal of a Pune police officer, who was booked for using ‘third-degree’ interrogation on an informer, who later on died. A bench of Justice Kalpathi Sriram acquitted Chiraguddin Tamboli (50), who was acquitted by
Source – newindianexpress.com MUMBAI: Media firm NDTV’s promoters Prannoy Roy and Radhika Roy have moved the Bombay High Court, challenging a show-cause notice issued to them by the Securities and Exchange Board of India (SEBI) in 2018 for alleged violation of insider trading regulations. The court, while stating that it will pass orders on January
Source – indiatoday.in If things work as planned, Mumbai will have at least two operational metro lines in 2020 connecting the western suburbs of the city. The two corridors, Metro Line-2A (Dahisar-DN Nagar) and Metro Line-7 (Dahisar East-Andheri East), are proposed to be commissioned simultaneously in 2020, the Mumbai Metropolitan Region Development Authority (MMRDA) said
Source – hindustantimes.com The Bombay High Court on Monday adjourned the hearing to January in a plea demanding a central probe into the multi-crore Vidarbha irrigation scam and opposing the Maharashtra anti-corruption bureau’s (ACB’s) clearance to NCP leader Ajit Pawar. ACB, in its affidavits submitted to the high court in November, had ruled out the
Source – indiatoday.in Bombay High Court on Wednesday dismissed the petition which sought removal of Z plus security of one of richest men in world Mukesh Ambani. A resident of Andheri area of Maharashtra’s Mumbai, Himanshu Agrawal had approached the Bombay High Court with his plea. A charted accountant by profession, Agarwal had stated that
Source – firstpost.com Mumbai: The Bombay High Court on Monday sought responses from the Reserve Bank of India (RBI) on a plea by Chanda Kochhar challenging her termination as the chief executive and managing director of ICICI Bank, months after she voluntarily left the second-largest private sector lender. The high-profile ex-banker had on 30 November moved
Source – indianexpress.com The Bombay High Court on Thursday dismissed petitions filed by depositors of the Punjab and Maharashtra Cooperative (PMC) Bank seeking removal of restrictions on withdrawals imposed by the Reserve Bank of India (RBI), following crisis in the bank over the last few months. The current withdrawal limit for depositors is Rs 50,000,
