The Karnataka High Court has restrained Byju Raveendran and his entities from alienating assets after Qatar Holding sought enforcement of a $235M arbitral award. The Court passed an interim injunction until the next hearing.
NEW DELHI: On Monday, The Supreme Court of India has warned that its decision on the Delhi Metro Rail Corporation (DMRC) and Delhi Airport Metro Express Private Limited (DAMEPL) dispute must be followed strictly. The court stated that if the ruling is not obeyed, it will take strict action against the officials of the private company and Axis Bank.
NEW DELHI: The Supreme Court of India on 11th Feb, ruled that a husband can be held responsible for the losses in his wife’s stock trading account if there was an oral agreement and shared financial dealings. A Bench of Justices PS Narasimha and Sandeep Mehta stated that an arbitral tribunal can exercise jurisdiction over the husband under Bye-law 248(a) of the Bombay Stock Exchange (BSE) Bye-laws, 1957.
Today(on 26th July), The Supreme Court upheld Delhi High Court’s decision to remand the arbitration dispute between Kalanithi Maran and SpiceJet back to a single judge. This follows legal battles over an arbitral award favoring Maran, with significant financial implications for both parties. SpiceJet plans to pursue a Rs. 450 crore refund, enhancing its financial position and enabling further expansion.
On 6th March: The Delhi High Court has issued a restraining order against Reliance Infrastructure, preventing the sale of $135 million worth of assets amidst a legal battle with Shanghai Electric regarding the Sasan Power Project. The court’s decision aims to retain these assets as security amid an arbitration conflict. This comes despite objections from Reliance Infrastructure, which were dismissed by the court.