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Madras High Court Rejects Plea Against LIC's Disinvestment

National

Rejecting the petitioner's contention, the bench said that a challenge to the Finance Act of 2021, through which the LIC Act was amended, could not be accepted in the absence of a challenge to a certificate issued by the Lok Sabha Speaker classifying the Finance Bill 2021 as a Money Bill

Madras High Court Directs Winding Up Of SpiceJet Over Dues

BW Online Bureau

Companies & Markets

The assignment included the Bills of exchange issued by SpiceJet pursuant to the 2011 agreement and the 2012 supplementary agreement. In view of the assignments made by SR Technics, the petitioner is entitled to receive payments of the monies due under the seven invoices from Spicejet, petitioner company claimed.

Make Law Commission A Statutory Or Constitutional Body: HC

BW Online Bureau

Health

A Nodal Officer, who is well qualified in law, shall be appointed within six months in each department to note down the courts'' recommendations to bring to the knowledge of the policy makers of each department by way of periodical reports, so that a policy decision would be taken, the bench of Justices N Kirubakaran (since retired) and B Pugalendhi added.

Nine New Judges Administered Oath Of Office By CJI, Strength Of SC Rises To 33

BW Online Bureau

Companies & Markets

The apex court Collegium had on August 17 recommended these nine names for appointment as judges of the top court.

Make Mandatory 'Bumper-To-Bumper' Insurance: Madras High Court

BW Online Bureau

Companies & Markets Sector Reports Auto

The Judge said when a buyer is ready to pay a huge amount for purchase of a vehicle, it is really shocking as to why he/ she is not interested in spending a paltry sum to take a policy so as to safeguard himself/ herself and others.

Pay Tax Promptly And Punctually, Don't Remain Mere Reel Heroes: HC To Film Stars

BW Online Bureau

Economy

Taxation was the backbone of the country's economy and 'tax is mandatory contribution and not a voluntary payment or donation, which one decides on one's own.'

HC Orders Notice To SEBI On Plea Against DHFL

BW Online Bureau

Companies & Markets

The petitioner alleged that the DHFL fraud is the largest economic fraud in the history of India and has caused a gargantuan loss to the exchequer as well as the general public investors who had reposed the entire trust and faith to invest in the Non-Convertible Debenture of the DHFL

Indian Court Orders State To Set Uniform COVID-19 Rules For Carmakers

BW Online Bureau

Companies & Markets Sector Reports Auto

Workers at the Indian unit of Renault-Nissan had asked the Madras High Court for operations to be halted, saying social distancing norms were being flouted and the risk to their lives outweighed the health benefits provided by the company.