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Allahabad HC issues notices to CEO, Noida 2 others

   22 August 2009 at 17:12

Hearing a contempt petition, the Allahabad High Court issued notices to Mohinder Singh, the chief executive officer of NOIDA and two others asking them to appear in person before the Court on September 15, and show cause as to why the charges for wil ..

Posted in Others |   294 Views


IRDA, SEBI working on disclosure norms for insurers

   22 August 2009 at 15:26

Market regulator SEBI and insurance regulator IRDA are working to come out with a separate set of disclosure norms for insurers wanting to list on stock exchanges."IRDA and SEBI have working group which is working on these issues as to what kind ..

Posted in Corporate Law |   226 Views


CVC blames CAs’ ‘erroneous advice’ for banks’ losses

   22 August 2009 at 15:25

The Central Vigilance Commission (CVC) has charged the chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses for the lenders.It has pointed out that in several cases, the advice given by CAs to banks and finan ..

Posted in Corporate Law |   108 Views


Madras HC upholds Jayalalithaa's acquittal in colour TV scam

   22 August 2009 at 13:25

In a major relief to AIADMK supremo J Jayalalithaa, Madras High Court today upheld the trial court order acquitting her in the multi-crore colour TV scam case.The Court also set aside the conviction of seven others, including former AIADMK Minister T ..

Posted in Others |   229 Views


Jharkhand HC: Takes suo moto action about mid day meal irreg

   22 August 2009 at 11:28

Taking a suo moto action, the Jharkhand High Court issued notice to HRD Secretary and DC, Saraikela, in connection with children falling ill after consuming mid-day meal served at a primary school.About 48 children fell ill yesterday after eating mea ..

Posted in Others |   324 Views


Calcutta HC: No construction in and around Victoria Memorial

   22 August 2009 at 11:21

The Calcutta High Court ruled that no construction would be made in and around Victoria Memorial Complex located in the heart of the city.A division bench headed by Bhaskar Bhattacharya issued the ruling on a Public Interest Litigation (PIL) filed by ..

Posted in Others |   130 Views


Calcutta HC sets aside CLB order, restrains Lodha from chair

   22 August 2009 at 11:20

Justice Aniruddha Bose of the Calcutta High Court set aside Company Law Board (CLB) order restraining Harshabardhan Lodha from chairing the Annual General Meeting of Birla Corporation.CLB had passed the order on July 21 on a plea of a shareholder of ..

Posted in Corporate Law |   159 Views


Lawyer's kidnapping: CBA to boycott work for 3 days

   22 August 2009 at 10:41

Central Bar Association (CBA) on Friday resolved to boycott judicial work in civil court for next three days to protest against the kidnapping of a lawyer, Mohan Chandra Sharma. A meeting was held under chairmanship of CBA president Saroj Kumar Shukl ..

Posted in Criminal Law |   350 Views


Finance companies can seize cars from loan defaulters: HC

   22 August 2009 at 10:41

Calcutta High Court once again ruled on Friday that financial institutions have the right to repossess vehicles and resell them if a customer does not pay all the instalments. Justice Partha Sakha Datta was hearing a petition by Pintu Bhattacharya, t ..

Posted in Corporate Law |   202 Views


No new structure at Victoria: HC

   22 August 2009 at 10:41

Rising air pollution has already damaged the edifice in white marble with the black fairy perched on it. And Calcutta High Court won't allow any more damage to Victoria Memorial, arguably the best recognised structure of the city. It has turned down ..

Posted in Civil Law |   335 Views