NEW DELHI

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  • SC imposes Rs 5 lakh costs on Centre for filing frivolous petition

    The Supreme Court has imposed costs of Rs 5 lakh on the Centre for challenging a Meghalaya High Court order, holding it was "sheer abuse" of the process of law. A bench of Justices Vikram Nath and Satish Chandra Sharma said there was no occasion or justification for the Union of India to have challenged the order by way of a Special Leave Petition.

    sc imposes rs 5 lakh costs on centre for filing frivolous petition
  • NCDRC to hear consumer cases on hybrid mode from Apr 15 on pilot basis

    The National Consumer Disputes Redressal Commission (NCDRC) has decided to hear the consumer dispute cases on a hybrid mode on a pilot basis from April 15 onwards. In its latest practice direction issued on April 10, the NCDRC said that the national commission will conduct the hybrid mode hearings (physical/video conferencing) of the cases from its premise.

    ncdrc to hear consumer cases on hybrid mode from apr 15 on pilot basis
  • SEBI issues settlement order to Utkarsh Small Finance Bank

    The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender. SEBI had issued a show-cause notice dated March 16, 2023, to Utkarsh Small Finance Bank whereby the markets regulator had alleged violations of certain provisions of the Listing Obligations and Disclosure Requirements (LODR) Regulations.

    sebi issues settlement order to utkarsh small finance bank
  • Sebi cracks down on finfluencer, orders to impound Rs 12 cr 'unlawful gain'

    Sebi has barred Ravindra Bharti Education Institute, co-founded by finfluencer and YouTuber Ravindra Balu Bharti, from the securities market and directed to deposit Rs 12 crore "unlawful gain" earned from the alleged unregistered investment advisory business. It has been directed to deposit the amount to an interest-bearing escrow account created specifically for the purpose in a nationalised bank.

    sebi cracks down on finfluencer orders to impound rs 12 cr unlawful gain
  • Delhi HC restrains illegal websites from streaming IPL events

    Delhi High Court recently passed an order and granted a dynamic+ injunction favouring Viacom 18 Media Private Limited, thereby restraining various unauthorised websites from streaming the Indian Premier League (IPL) events for the year 2024. Justice Sanjeev Narula stressed the importance of evolving legal remedies to effectively tackle copyright infringement in the digital age.

    delhi hc restrains illegal websites from streaming ipl events
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