The Supreme Court of India held shareholder ratification cannot validate securities law breaches, reinstating Securities and Exchange Board of India penalties on Terrascope Ventures Limited and its directors for violating PFUTP Regulations involving fund misappropriation.
In August last year, the shocking rape and murder of a junior doctor at RG Kar Medical College and Hospital in Kolkata drew statewide attention. However, months before this tragic incident, the hospital’s former principal, Dr. Sandip Ghosh, was already under investigation by the West Bengal Human Rights Commission (WBHRC).
During the hearing, the special CBI judge questioned the agency for not providing all documents to Sandip Ghosh. However, the judge also scolded Ghosh’s lawyer, stating, “We’re not here to find faults with either side.This is not a political platform where you can raise your voice. You cannot speak like this against an agency. Submit your concerns in writing.” The court maintained that legal arguments must follow proper procedures.
Today, On 6th December, Rajya Sabha Chairman Jagdeep Dhankhar announced an investigation after currency notes were found on MP Abhishek Manu Singhvi’s seat during a routine check. Singhvi expressed disbelief, citing his brief presence in the House. He called for cooperation in investigating the incident and addressing security concerns.
The Chhattisgarh High Court ruled that a lawyer cannot be held criminally liable for financial losses to a bank without evidence of intent to defraud. Charges against an SBI lawyer were quashed as there was no proof of collusion or active participation in a loan fraud scheme, emphasizing the necessity of malicious intent in fraud cases.
![[Money Laundering Case] Jet Airways Founder Naresh Goyal Receives Medical Bail from Bombay HC](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/11/IMG-5.png?resize=447%2C367&ssl=1)
Today, On 11th November, the Bombay High Court granted permanent medical bail to Naresh Goyal, founder of Jet Airways, in a money laundering case. Earlier, he received interim bail for cancer treatment. The court acknowledged Goyal’s critical health condition, prioritizing his right to medical care while legal proceedings against him continue.