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Supreme Court

Supreme-Court
SC directs banks not to impose penalty on EMI default by Amrapali home buyers
IANS -
A bench of Justices U.U. Lalit and Bela M. Trivedi said the accounts of defaulter flat buyers, who had availed the subvention facilities, should not be treated as Non-Performing Asset (NPA) accounts, and also their CIBIL score should not be maintained at zero level.
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'Will list it early': SC on Amazon's plea against transfer of Future Retail assets
IANS -
A bench headed by Chief Justice N.V. Ramana told senior advocate Gopal Subramanium, representing Amazon, that one of the judges, Justice Hima Kohli, was not available, therefore the matter could not be taken up on the date scheduled for hearing. The Chief Justice said: "We have some difficulties in constituting the bench. My sister (Justice Hima Kohli) has some problems". "That is the reason... at least one partner (judge) should be there."
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Future Retail's shares slump to 52-week low after it issues clarification on Reliance deal
Newsmen Business Desk -
The Future Retail was down 9 percent at INR 38.4, the Future Enterprise was down 17 percent at INR 7.45, the Future Lifestyle was down percent at INR 41 and Future Supply Chain Solutions was down 5 percent at INR 53.65. The Supreme Court has also lifted a stay by the Delhi High Court on the Singapore Arbitration Tribunal Centre (SIAC) in the case between Amazon and the Future Group.
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'Flight Risk': SC refuses to entertain Shivinder Mohan Singh's temporary bail plea
IANS -
The Supreme Court on Wednesday declined to entertain a plea by former Fortis Healthcare promoter Shivinder Mohan Singh seeking temporary bail to visit his ailing mother. Solicitor General Tushar Mehta submitted before a bench, headed by Justice M.R. Shah that Singh, the accused in the Religare Finvest money-laundering case, is a flight risk. Counsel representing Singh submitted before the bench.
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'2G spectrum allocation arbitrary': SC junks Loop Telecom plea for licence fee refund
IANS -
The Supreme Court on Thursday said the allocation of the 2G spectrum was found to be arbitrary and constitutionally infirm, as it junked Loop Telecom plea seeking refund of Rs 1,454.94 crore paid for 2G licence. Senior advocate A.M. Singhvi represented Loop Telecom in the top court.
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'Amazon gods will have to come down...', Future on Amazon's proposal for dialogue in SC
IANS -
Senior advocate Gopal Subramanium, representing Amazon, submitted before a bench headed by Chief Justice N.V. Ramana that the "whirlpool" of litigation was being dragged for too long and proposed talks with Future Retail and Future Coupons, to end the logjam, as the business houses are embroiled in legal battles at various forums.
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DB Realty shares hit 5% upper circuit on favourable ruling by SC
IANS -
Shares of DB Realty hit the 5 per cent upper circuit on Wednesday as the company informed the stock exchanges that the firm has won the title of a land owned by it in Mumbai.Shares of DB Realty hit the 5 per cent upper circuit on Wednesday as the company informed the stock exchanges that the firm has won the title of a land owned by it in Mumbai.
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Noida to SC: Supertech twin towers to be demolished on May 22
IANS -
A bench comprising Justices D.Y. Chandrachud and Surya Kant said that all authorities should strictly comply with the timeline given in the Noida authority affidavit. Senior advocate Ravindra Kumar, representing the Noida authority, submitted before the bench that the demolition process has commenced, and the twin towers will be completely demolished on May 22. The top court was informed that the entire debris will be removed by August 22.
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Rs 18,000 cr returned to banks from Mallya, Nirav & Choksi: Centre to SC
IANS -
Mehta, representing the Centre, submitted before a bench headed by Justice A.M. Khanwilkar that the total proceeds of crimes in the Prevention of Money Laundering Act (PMLA) cases pending before the top court amounts to Rs 67,000 crore. The top court is hearing a clutch of petitions, challenging the wide scope of powers available to the directorate of enforcement (ED) for search, seizure, investigation, and attachment of proceeds of crime under the law.
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Tata vs Cyrus: SC agrees to hear review petition by Cyrus Investments in open court
IANS -
In March last year, a bench headed by then Chief Justice S.A. Bobde said all questions of law are in favour of Tata Group and dismissed the appeals filed by Mistry. The top court also upheld the Tata Sons decision to sack Cyrus Mistry on October 24, 2016. A bench headed by Chief Justice N.V. Ramana and comprising Justices A.S. Bopanna and V. Ramasubramanian considered the review petition filed by Mistry. Justice Ramasubramanian dissented.
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