The Supreme Court criticised SEBI for showing “double standards” in the Indiabulls financial irregularities case and questioned the CBI’s unusually soft stance. The Court said even partial truth in the allegations warrants immediate FIR and coordinated action.
Today, On 14th October, Supreme Court Questions ED in TASMAC Scam, asking, “Is It Not Encroaching Upon the Right of the State to Probe a Case?” The Court scrutinized the Enforcement Directorate’s role in the alleged Rs. 1,000 crore Tamil Nadu State Marketing Corporation scandal.
The Supreme Court saw a fiery exchange between Senior Advocates Harish Salve and Prashant Bhushan during the hearing of the Indiabulls Housing Finance fraud case. Heated words flew over alleged fund diversion, with Bhushan accusing Salve of being out of touch from London.
The Bombay High Court dismissed Anil Ambani’s plea challenging SBI’s decision to classify his loan account as fraudulent. The Court upheld SBI’s action, confirming it followed RBI guidelines.
The Supreme Court-appointed SIT will hold its first meeting in Delhi tomorrow to investigate Reliance-owned Vantara over alleged illegal animal trade, smuggling and financial irregularities, marking the beginning of a crucial probe into the controversial wildlife project.
Vantara responded to the Supreme Court SIT probe order stating, “Committed to transparency, compassion and full compliance with the law.” The Reliance Foundation project reaffirmed its dedication to animal welfare, regulatory standards, and lawful practices in wildlife care.
Supreme Court sets up SIT headed by Justice Jasti Chelameswar to investigate Ambani’s Vantara case. “Accordingly, we deem it appropriate to direct for constitution of a Special Investigation Team of respectable persons of impeccable integrity and high repute.”
Today, On 21st April, The Madras High Court is set to deliver its verdict on April 23 in the case between TASMAC and the Enforcement Directorate (ED).TASMAC and the Tamil Nadu government had filed petitions challenging the ED raids conducted at the TASMAC head office between March 6 and March 8.
The Madras High Court urged Tamil Nadu to collaborate with the Enforcement Directorate (ED) regarding alleged financial irregularities involving TASMAC. The Advocate General opposed cooperation, criticizing the ED’s unannounced raids. The Court emphasized the need to avoid personal pride while questioning the ED’s motives, especially ahead of upcoming Tamil Nadu elections.
New Delhi, March 26: Delhi High Court judge Justice Yashwant Varma, who is under investigation after burnt cash was allegedly found at his home, met a team of senior lawyers on Wednesday. This meeting took place ahead of his scheduled appearance before an in-house inquiry committee set up by the Supreme Court. According to sources, Justice Varma sought legal advice from senior advocates Siddharth Aggarwal, Maneka Guruswamy, Arundhati Katju, and advocate Tara Narula. These lawyers visited his official residence at Lutyens’ Delhi to discuss the legal aspects of the case and his response to the allegations.
