The Supreme Court has reserved its verdict in a case whether the Chief Justice of India’s (CJI) office is covered under the purview of the Right to Information Act (RTI). The Supreme Court was hearing a plea filed by the Supreme Court secretary-general against the January 2010 judgment of the Delhi High Court that declared… Continue reading In the name of transparency, we cannot destroy institution of judiciary, says CJI
Tag: supreme court
Stressed assets circular to be revised soon
The RBI governor has said that Reserve Bank of India (RBI) will issue a revised circular for resolution of stressed assets following the Supreme Court verdict striking down its February 12,2018 circular as ultra vires which means that the RBI had gone beyond its powers in issuing the circular. The Supreme Court had said that… Continue reading Stressed assets circular to be revised soon
RTI scrutiny will ruin judicial independence
The Supreme Court has commenced hearing on its own appeal whether the Chief Justice of India’s office is covered under the purview of the Right to Information Act (RTI). The issue has arisen from an appeal filed by the Supreme Court against the January 2010 judgement of the Delhi High Court that declared the CJI’s… Continue reading RTI scrutiny will ruin judicial independence
SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
The Supreme Court has struck down the Reserve Bank of India’s February 12 circular that dealt with resolution of stressed assets in the economy.The Supreme Court has held the February 12 circular ultra vires as a whole which means the RBI had gone beyond its powers in issuing the circular.Earlier,the apex Court had stayed the… Continue reading SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
Borrower behaviour will deteriorate
According to analysts,Supreme Court judgment striking down the Reserve Bank of India’s February 12 circular that dealt with the resolution of stressed assets will lead to deterioration of borrower behaviour and increase delays and litigation. On 12th February 2018,RBI had put out a circular on classification of non-performing assets that required (a)Banks to stipulate a… Continue reading Borrower behaviour will deteriorate
RBI order on defaulters lacked govt. nod, says SC
The Supreme Court has struck down the Reserve Bank of India’s Feb. 12 circular on the grounds that the regulator can give directions to banks on stressed assets only upon the central government’s authorisation and in case of a specific default. Several companies in the power,sugar,fertiliser and infrastructure sectors objected to the circular’s one size… Continue reading RBI order on defaulters lacked govt. nod, says SC
Andhra Pradesh MPs have highest average annual income: report
The Association of Democratic Rights (ADR) and National Election Watch (NEW) has analysed the self declared affidavits of the outgoing Lok Sabha MP’s. The analysis has shown that Member of Parliament(MP’s) across the country have an average annual self-income of Rs 30.29 lakh.Further, Andhra Pradesh tops the charts with its members of parliament earning an… Continue reading Andhra Pradesh MPs have highest average annual income: report
Buyers can’t wait indefinitely for flat, says SC on 7 Year delay
The Supreme Court has upheld orders of a state consumer commission and the national consumer commission.The commission had asked the developer to refund the payment with interest to a homebuyer for over seven years delay in handing over possession of the flat.The court said a buyer cannot be required to wait indefinitely for possession of… Continue reading Buyers can’t wait indefinitely for flat, says SC on 7 Year delay
Plea in court against drug pricing regulator’s move to cap trade margin for cancer medicines
The National Pharmaceutical Pricing Authority (NPPA) decision to cap the maximum trade margin for cancer medicine has been challenged in the Karnataka High Court by a private hospital group. Earlier,National Pharmaceutical Pricing Authority (NPPA) had invoked powers under Drugs (Prices Control) Order, 2013 and brought 42 non-scheduled anti-cancer drugs under price control by capping trade… Continue reading Plea in court against drug pricing regulator’s move to cap trade margin for cancer medicines
SC to hear pleas on 10% economic quota on April 8
The Supreme Court has agreed to hear pleas which challenged the Constitution(103rd Amendment) Act on April 8. The Constitution (103rd Amendment) Act provides for 10% reservation in government jobs and educational institutions for the economically weaker section in the unreserved category. The Act amends Article 15 and 16 to provide for reservation based on economic… Continue reading SC to hear pleas on 10% economic quota on April 8
