OWNERSHIP CLAIM
Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
Manchester United goes Hollywood way as BAFTA winning actor may become club's face, claim reports
Manchester United's plan to go big in global commercial campaign may be depending on prominent Hollywood personality.
Unclaimed shares moved to IEPF, a govt fund? Here's a step-by-step guide on how to get back shares
Unclaimed shares: If you have found that your shares have been transferred to Investor Education and Protection Fund (IEPF) then do not worry. You can get these shares back from the IEPF Authority by filling up the online IEPF-5 e-form. However before filing up thise-form you need to know certain important aspects like entitlement letter. Read here to know more.
How to navigate IP challenges in the rise of social media
While social media has created immense opportunities for engagement and expression, it has also raised a myriad of legal challenges, particularly concerning intellectual property (IP) rights including issues around content ownership, digital rights management, deep fakes etc.
SpiceJet says Sun Group's claims of damages are unfounded
SpiceJet and Ajay Singh refuted Kalanithi Maran and KAL Airways' Rs 1,323 crore damages claim as legally untenable. Maran plans to challenge a Delhi High Court order favoring SpiceJet. This ownership dispute dates to 2015. Following the claim, SpiceJet's shares dropped 1.24%. The court had overturned an earlier ruling favoring Maran.
SpiceJet refutes KAL, Maran's Rs 1,323 cr damages claim, terms it 'legally untenable'
SpiceJet refuted the Rs 1,323 crore damages sought by Kalanithi Maran and KAL Airways as legally untenable. Maran and KAL plan to challenge a Delhi High Court order that remanded the dispute, involving a Rs 579 crore refund, for reconsideration. The Delhi high court had overturned a previous ruling favoring Maran.
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Kalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet
According to the Sun group, as part of a share transfer agreement signed in 2015 when Ajay Singh took over SpiceJet, Maran and KAL Airways had paid SpiceJet Rs 679 crore for issuing warrants and preference shares. However, Maran alleged that the warrants and preference shares were not allotted, and initiated arbitration proceedings against SpiceJet and Singh.
Constitution bench verdict binding on benches of lesser strength, says SC
The Supreme Court emphasized the binding nature of a Constitution bench judgment on lower benches, overturning an April 2022 verdict on land ownership in Haryana. The bench stressed the significance of bench strength, review petitions, material errors, and the need to prevent miscarriages of justice by avoiding errors apparent on the face of the record.
Diminishing healthcare quality, worsening patient health outcome: Lancet study decries healthcare privatisation
Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies
Taylor Swift vs. Scooter Braun: Bad Blood - Here’s a detailed look at docuseries
The Taylor Swift vs. Scooter Braun feud will be featured in a docuseries titled "Taylor Swift vs. Scooter Braun: Bad Blood" on Discovery+ in the U.K. The series, part of Warner Bros. Discovery U.K.'s "vs" lineup, examines the fallout from Braun's purchase of Swift's music rights. It airs in June.
Jet Airways ownership transfer: SC agrees to hear lenders' appeal against NCLT order
While the bench was initially inclined to issue notice to JKC and the monitoring committee on the SBI’s appeal, it accepted the counsel’s request to finish the hearing at the earliest. The CJI, accordingly, kept the case for further hearing on Friday.
BJP govt pursuing 'bluff and rule' policy, claims Jairam Ramesh
Senior Congress leader Jairam Ramesh on Wednesday alleged that the BJP government at the Centre has been pursuing the policy of 'bluff and rule', besides maintaining the 'divide and rule' strategy of the British. Prime Minister Narendra Modi made several promises to the people of Nagaland about solving the Naga political issue but those were not kept, Ramesh alleged in a press conference at Kohima.
Joint-ownership in existing flat will not bar tax benefit on investments in another house: ITAT
When a taxpayer earns long-term capital gains from sale of any asset (other than a house property), the tax arising on the gains can be saved by investing the net sale proceeds in a residential property. The quantum of exemption depends on the amount invested in the new house. If the amount invested is less than the net sale consideration then the exemption is proportional.
NCLAT directs Jet ownership transfer to Jalan Kalrock team
The National Company Appellate Tribunal (NCLAT) directed the transfer of Jet Airways' ownership to Jalan Kalrock Consortium (JKC) within 90 days. JKC must obtain an air operator's certificate. The tribunal allowed the adjustment of the performance bank guarantee towards the first tranche payment. Payments to workmen, employees, and creditors will be made as per the resolution plan.
Jet Airways hits 5% upper circuit after NCLAT approves ownership transfer to Jalan Kalrock
The appellate tribunal had asked lenders to complete the formalities within 90 days and give control to the Kalrock Consortium. A plea filed by State Bank of India-led consortium in this regard has been disposed of.
Trouble for Dharavi redevelopment project over railway land ownership
Dharavi Redevelopment Project faces a hurdle as the Railway Land Development Authority (RLDA) refuses to allow sub-leasing of the crucial 47.5 acres of railway land earmarked for the project. The DRPPL argues that, as state government bodies, DRP/SRA should have the authority to sub-lease the land under RLDA regulations. The delay could substantially affect the project's timeline for rehabilitation, breaching the MoU signed
NCLAT reserves order in Jet Airways ownership transfer case
While JKC had transferred Rs 200 crore to the lenders account by September 30, 2023, it had won a favourable order from NCLAT for adjustment of the performance bank guarantee of Rs 150 crore. The order was later overturned by SC, which asked JKC to deposit Rs 150 crore by January 31.
Concerns escalate in Nepal as China claims BRI ownership over Pokhara airport
Last week, the Rastriya Ekta Abhiyan organised an awareness rally in Pokhara, highlighting apprehensions about the BRI and its potential consequences for Nepal. The focal point of the protest was the Pokhara International Airport. The group alleged that there might be ulterior motives, including the potential deployment of the Chinese army in Pokhara, using economic losses at the airport as a pretext.
Australian computer scientist Craig Wright defends claim as bitcoin creator amid deception allegations
Australian computer scientist Craig Wright entered the witness box at the High Court and testified he was the man behind "Satoshi Nakamoto," the pseudonym that has masked the identity of the creator of bitcoin.
Self-proclaimed bitcoin inventor's claim 'a brazen lie', London court told
An Australian computer scientist's claim to be the inventor of bitcoin is "a brazen lie", lawyers representing a Jack Dorsey-backed group told a London court on Monday as a legal battle over ownership of the cryptocurrency began.
ED arrests Hemant Soren; Champai Soren stakes claim to form govt
Jharkhand Chief Minister Hemant Soren resigns amid an ongoing Enforcement Directorate (ED) investigation into an alleged land ownership scam. Champai Soren is speculated as the next Chief Minister. Hemant faces legal challenges, including an FIR against ED officials and money laundering inquiries. ED's recent search at his residence revealed cash, documents, and seized a luxury SUV. Champai Soren, an assembly member affiliated with Jharkhand Mukti Morcha, is reportedly chosen as the new leader by the Legislative party.
Infighting in Soren family; Sita Soren opposes any move to make Kalpana CM
Several MLAs were absent at the alliance legislators' meeting at the CM's residence, where Hemant Soren's wife Kalpana was present, amidst opposition to making her the chief minister.
This may be India’s most delicious legal battle! Two Delhi restaurants are at loggerheads over the ownership of Butter Chicken
Who was the creator of this ‘utterly butterfly’ delicacy? That age-old debate has now evolved into a full-fledged legal dispute!
Madrid museum may keep Pissarro painting looted by Nazis, US appeals court rules
Pissarro's 'Rue Saint Honore, apres midi, effet de pluie' ('Rue Saint Honore, Afternoon, Rain Effect'), depicting a Paris street scene, was stolen in 1939 from Lilly Neubauer, who was forced to sell it for 900 Reichsmarks ($360) to obtain a visa and flee Nazi Germany. She was never paid.
Government acts against Indian company, individuals for undisclosed links with Chinese group
An official in the know on Friday said Metec Electronics Pvt Ltd had portrayed itself as a standalone entity, with shareholdings held by two foreign nationals -- Chen Feiyan and Yang Wen -- and an Indian national.
Last date to file court case to claim share in property by legal heirs
Do you have a share in a property which is not being given to you by other legal heir(s)? This may be because there is no will left by the individual in their self-acquired property. It may also happen that your share in property is in an ancestral or joint property. There is a deadline under the laws to file court case and get the share in a property.
India probe into bribery claim in toxic syrup tests nears completion
India is close to finishing an investigation into a complaint that a state drug regulator helped switch samples of cough syrups linked to the deaths of children in Gambia before they were tested in India. The World Health Organization (WHO) linked the syrups made by India's Maiden Pharmaceuticals to the deaths of 70 children in the African country last year. India's government says tests at an Indian government laboratory showed the syrups were not toxic.
HNIs, startup founders' demand for super luxury homes in Bengaluru causes scarcity
The scarcity of luxury homes in Bangalore's Silicon Valley is posing a challenge for high-net-worth individuals, including startup founders, who are looking to invest in the city. Property brokers have noted that there is a lack of ready-to-move-in inventory or nearing-completion assets in this segment. However, the demand for luxury properties remains high, driven by senior management and startup founders who have liquidated their ESOPs. Prices for prime localities have also increased, with areas like Koramangala 3rd block selling at Rs 60,000 per sq ft. The trend of purchasing luxury homes is expected to continue in the coming years, fueled by the growing startup ecosystem in India.
US SEC shortens stock disclosure deadline to 5 days
The SEC proposal, first broached in 2022, angered some activist investors who claimed that having to step forward sooner could make it unprofitable to build the ownership positions they need for successful takeover campaigns.
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