Page 56 - Supreme Court

SC order on personal guarantors thorn in the side of biz families

Lack of clarity between legitimate succession planning and evasion is a worry, say experts

SC seeks Centre's reply on Rs 4 lakh ex-gratia to kin of Covid deceased

The Supreme Court Monday sought the Centre's reply on pleas seeking ex-gratia compensation of Rs 4 lakh to the families of those who have died of COVID-19

Process of registration of migrant workers needs to be expedited, says SC

The Supreme Court Monday said the process of registration of migrant workers is very slow and it must be expedited so that benefit of various schemes can be extended to them amid the Covid pandemic

CBI moves SC against HC house arrest order of TMC leaders in Narada case

CBI filed a Special Leave Petition before the Supreme Court challenging the Calcutta High Court's order which allowed the house arrest oF TMC leaders, who are accused in the Narada case

New credit culture

A big step by SC in allowing banks to chase personal guarantors

RBI's disclosure dilemma

While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should not become a tool to bypass all confidentiality requirements under other laws

IBA reaches out to govt for refund of compound interest waiver by banks

The Indian Banks' Association (IBA) on behalf of lenders has approached the finance ministry to refund the burden fallen on their shoulders due to a recent Supreme Court judgment on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020. The March judgment of the apex court directed the banks to waive off compound interest on loans above Rs 2 crore availing moratorium as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21, and the scheme covered all borrowers including the prompt one who did not avail moratorium. Various banks are at the different stages of executing the order. Punjab & Sind Bank Managing Director S Krishnan said the burden on the bank due to waiver works out to be around Rs 30 crore. The issue of reimbursement of the waiver amount by the government is being pursued by IBA on behalf of

Bad loans: SC allows banks to invoke personal guarantees of defaulters

Apex court says approval of resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of his or her liabilities under contract of guarantee

Rebel YSR Congress MP, arrested on sedition charges, granted bail by SC

SC imposes several bail conditions on Raju, says he will not give any media interview with regard to case

Covid: HCs must not pass orders that are impossible to implement, says SC

The Supreme Court observed that high courts should refrain from passing directions not implementable

Results of reforms

Direct payment for crops will benefit farmers

Covid-19: Plea in SC seeking probe into recovery of bodies from Ganga

A plea has been moved in the Supreme Court to constitute a special investigation team (SIT) to conduct the investigation into over 100 corpses, found floating in the Ganga river

Move SC afresh for raising quota limit: BJP's Fadnavis to Maha govt

BJP leader Devendra Fadnavis said the Maharashtra government should file a review petition in the Supreme Court to increase the 50 per cent ceiling on reservation

Actively considering live telecast of SC proceedings: CJI N V Ramana

Chief Justice N V Ramana Thursday said he was actively considering the proposal to live telecast the proceedings of the Supreme Court.

Provide dry ration, facilitate transportation for migrants in NCR: SC

A bench of Justices Ashok Bhushan and M R Shah said the Centre may also issue instructions to the Ministry of Railways to take necessary and adequate measures to cater to the need of migrant workers

'Survival is tough': SC asks govt to consider harsh realities of migrants

The top court also noted that it will pass order on facilitating transport of those who are willing to go back to their native places.

SC to pass directions on community kitchen, transportation of migrants

The Supreme Court Thursday said it is inclined to pass directions to NCR states to have community kitchens and to facilitate transportation of migrant workers amid the current Covid-19 wave

Supreme Court judge Justice Chandrachud tests positive for Covid-19

Supreme Court judge Justice D Y Chandrachud has tested positive for COVID-19, the apex court sources said on Wednesday.

SC dismisses bail plea of activist Gautam Navlakha in Bhima Koregaon case

The Supreme Court on Wednesday dismissed a plea of activist Gautam Navlakha, seeking bail in the Elgar Parishad-Maoist link case of Bhima Koregaon in Maharashtra

Govt likely to drop plan to decriminalise cheque bounce offences

It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call