Tribunals/Commissions/Regulatory Bodies Archives | Page 2 of 85

CBI probe Mahua Moitra in cash-for-query

Case Briefs Tribunals/Commissions/Regulatory Bodies

Cash-for-query | Lokpal’s direction which led CBI to register case against Mahua Moitra and a dive into Preliminary Inquiry Report

Mahua Moitra, who was elected from the Krishnanagar seat in West Bengal, was expelled on 08-12-2023 from Lok Sabha over cash-for-query charges.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Filing of ‘Certified Copy’ not an empty ritualistic formality: NCLAT

NCLAT upheld appellant’s classification as a Financial Institution and it’s liability to pay Liquidation Costs.

DCDRC finds Matrimony.Com Ltd. liable for deficiency in service for failing to deliver video album of a marriage reception held in 2017

Case Briefs Tribunals/Commissions/Regulatory Bodies

DCDRC directs Flipkart to pay compensation of Rs 13,000 for adopting unfair trade practice and cancelling an iPhone order

The District Consumer Court found Flipkart to be guilty of deficiency in service and of adopting unfair and restrictive trade practice.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Dead Cockroach in Soup and Expired Bread; DCDRC directs IRCTC and on-board caterers to compensate for mental agony caused due to serving of unhygienic food

What promised to be a comfort bowl of hot soup and bread, turned out to be an unhygienic mess for the complainant and his family travelling in Executive Class coach of New Delhi to Chandigarh Shatabdi Express.

Case Briefs Tribunals/Commissions/Regulatory Bodies

DCDRC finds Matrimony.Com Ltd. liable for deficiency in service for failing to deliver video album of a marriage reception held in 2017

DCDRC observed that the video was not just a collection of images and sounds but a vessel for the heartbeats of a family’s collective journey, carrying the laughter, tears, and love of a day that marked the beginning of a new chapter in their lives.

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT rules on Secured Creditor’s right to choose method of debt realisation

NCLAT stated that since the IBC overrides the SARFAESI Act, the Liquidator ought not to prefer a petition, based on the SARFAESI Act, and therefore Liquidator’s decision to classify the appellant as an unsecured financial creditor was illegal and invalid.

Case Briefs Tribunals/Commissions/Regulatory Bodies

CAT grants interim protection to 17 KVS Primary Teacher (Music) candidates over ‘communication gap’ grievances, subject to final outcome

The case was filed, compelled by the absence of communication regarding the outcome of the selection process for the post of Primary Teacher (Music) despite an active participation, whereas other candidates received offers of appointment while keeping her in the dark about the status.

Case Briefs Tribunals/Commissions/Regulatory Bodies

ITAT allows Vodafone’s claim of depreciation on goodwill acquired pursuant to slump sale acquisition of Call Centre Business from VEGL

ITAT noted that Parliament had taken due note that the Supreme Court had held that the goodwill arising on business reorganization i.e. amalgamation, slump sales, demerger etc. is a depreciable intangible asset under Section 32 of the Act.

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT affirms NCLT’s rejection of application for valuation queries post-resolution plan approval

In the instant matter, the NCLT rejected the application, noting the approval of the resolution by the Committee of Creditors and the absence of filing through an authorized representative.

fictional video against Rahul Gandhi on Black and white

Case Briefs Tribunals/Commissions/Regulatory Bodies

NBDSA directs Aaj Tak to remove fictional video against Rahul Gandhi aired on Black and White show

The depiction of a robber and its imputation concerning Rahul Gandhi’s conviction, was not in good taste and should have been avoided and the broadcaster should be careful while airing such fictional videos in future.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Explained |Ashneer Grover seeks waiver of conditions under Companies Act to pursue case against BharatPe; NCLT issues notice

The NCLT issued a notice and sought BharatPe’s response and fixed the next date of hearing on 04-04-2024.

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI holds Guest Experts in violation of SEBI Regulations for Insider Trading nexus in stock recommendations on Zee Business

SEBI’s crackdown reveals guest experts’ violations in insider trading nexus on Zee Business, signaling a breach of regulatory standards. The investigation highlights a sophisticated network exploiting advance information for illicit gains, prompting stringent regulatory action.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Explained | Why Election Commission recognized Ajit Pawar faction for NCP symbol

ECI raised concerns that “A majority of symbol disputes cases which come before the Commission under Paragraph 15 of the Symbols Order show that political parties are either not holding regular organizational elections, or not holding them as per Party Constitution.”

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT affirms Committee of Creditors’ authority to opt for liquidation under Section 33(2) of the IBC; sets aside show cause notice

The NCLAT held that the CoC had the jurisdiction to decide on liquidation as per Section 33(2) and its explanation, even before completing all steps for resolution.

Case Briefs Tribunals/Commissions/Regulatory Bodies

IBC| NCLAT deems CoC’s rejection of Section 12A proposal unjustified; orders remittance of deposited amount for creditor distribution

Section 12A was introduced in the Insolvency and Bankruptcy Code, 2016, allowing the withdrawal of CIRP with the approval of 90% voting share of the CoC.

Case Briefs Tribunals/Commissions/Regulatory Bodies

DCDRC directs Air India to compensate flyer for re-routing his Jodhpur bound flight without any prior information

The complainant had booked a flight from Chennai to Jodhpur via Mumbai; however, his flight from Chennai to Mumbai was re-routed via Hyderabad without any prior information from the airlines.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Demand of service tax u/s 73-A of Finance Act, 1994 incorrect when broadcaster’s service tax is collected and not retained: CESTAT reiterates

“With coming into force of interest provisions, the revenue neutrality concept has undergone a change, so as to consider duty neutrality different from revenue (Duty+interest) neutrality. Latter at time may not exist, even if former is present.”

District Consumer Disputes Redressal Commission

Tribunals/Commissions/Regulatory Bodies

Not providing free drinking water facility thereby compelling patrons to buy packaged mineral water; DCDRC finds Foresta Café liable for unfair trade practices

The Commission stated that restaurants and cafes have a moral and legal obligation to provide free drinking water to their patrons, and failure to do so constitutes deficiency in services.

Tribunals/Commissions/Regulatory Bodies

Securities Appellate Tribunal directs restitution of shares pledged in favour of Axis Bank, ICICI Bank, Bajaj Finance, HDFC Bank and IndusInd Bank

The appropriate process was not done and like a highway robber NSDL through illegal directions from SEBI transferred the pledged shares which were fungible, to the clients of Karvy which action was without any authority of law.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Arsenic and Fluoride in Groundwater| NGT directs various States, CGWB and MoEF&CC for urgent protective steps; rebukes CGWB for shirking away from its statutory responsibility

Arsenic has been detected in ground water in parts of 230 Districts and 25 States and fluoride in 469 Districts and 27 States.