News

In order to tackle black money, the Special Investigation Team (SIT) has recommended a total ban on cash transactions above Rs 300,000 and an act be framed to declare such transactions as illegal and punishable under law, an official statement said here on Thursday.

Pursuant to the liberalisation of foreign investment in the insurance sector, Prism Cement sold 23% out of its 74% stake in Raheja QBE General Insurance Company to an affiliate of QBE Asia Pacific Holdings for Rs 110 crore (AUD 21.5m).

Five judges of the Supreme Court’s Constitution Bench will examine the feasibility of setting up a National Court of Appeal with four regional benches in North, South, East and West - with the apex court taking up matters involving the interpretation of the constitution and issues of national importance.

According to a copy of the minutes of the meeting of Society of Indian Law Firms (Silf) members on Monday, the SILF “decided to organise an interaction over dinner” with the recently re-appointed new law minister Ravi Shankar Prasad, the minister of state PP Chaudhary and law secretary Suresh Chandra, who is spearheading the liberalisation talks.

The Supreme Court today expressed doubt over validity of the ordinance providing that states could hold their own entrance examination for admission to undergraduate medical courses for the current academic year bypassing the National Eligibility Entrance Test (NEET) but refused to interfere with its operation.

The Narendra Modi government’s push for the Goods and Services Tax (GST) bill and other legislation - including potential reforms of the legal services sector - could see another roadblock in the upcoming monsoon session of Parliament with the Congress getting set to attack the Centre on the Supreme Court verdict to restore the ousted Congress government in Arunachal Pradesh.

PDS Legal and Desai & Diwanji together acted for the Wadia group-owned airline GoAir in its order to buy another 72 Airbus 320 NEO aircrafts for around $7.7bn.

Rajesh, the 26-year-old non-lawyer son of 55-year-old Madras high court advocate, Manimaran, attacked his father yesterday after sneaking into his chambers located on the high court premises, allegedly because he was “unhappy that his father showed no interest in finding a match for his daughter, Anusha, by his first wife”, reported the Times of India, noting:

The Delhi high court today asked Chief Arvind Kejriwal to explain the meaning of the word “thulla”, which he used during a television debate on policemen.

Eight out of 12 bar councils do not have a single female member, making for an average female representation of 2.8 per cent amongst the bar councils for which data was available, revealed our research.

The GNLU Gandhinagar Legal Services Committee (LSC) is holding its annual blood donation camp on 15 July on campus, after over 235 people turned up last year with 170 eventually successfully donating blood, according to a blog by the convenors.

Shearman & Sterling, DLA Piper, White & Case and Allen & Overy had the largest number of recorded Indian M&A deals in the first six months of 2016, according to data intelligence provider mergermarket, each with five or four transactions.

Cyril Amarchand Mangaldas has topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $6.2bn worth of transactions, followed by AZB & Partners and Vaish Associates, with stronger performances across the board than at the same time last year.

The Society of Indian Law Firms (Silf) meeting held in Delhi yesterday (11 July) to discuss its response and position to the Government proposal to liberalise the legal market, has seen the body set up a high-powered committee without any fundamental disagreements voiced about the next steps to take, according to several people who were present.

The hearing of the petition seeking right to worship to women at Sabarimala, Kerala, in the Supreme Court has often led to inquisitive questions from the bench about Hinduism, spirituality, and tradition.

The Gujarat High Court today granted bail to Patidar reservation spearhead Hardik Patel in the last case against him, preparing the ground for his release after nearly 10 months in jail.