Today, On 5th December, CJI Surya Kant remarked that Temple Funds Are Deity’s Property, Not Permitted for Cooperative Bank Rescue. While hearing Kerala cooperative banks’ petitions on returning Thirunelly Temple deposits, the Supreme Court questioned the challenge against the High Court order, reaffirming deity’s ownership.
Today, On 27th November, Gautam Adani and several executives from Adani Green faced allegations of securities law violations related to a bribery scheme in India. The U.S. SEC’s complaints and criminal indictments indicate serious legal challenges for the Adani Group, leading to significant financial losses and declines in stock prices for Adani Green.
On Tuesday(12th March), SEBI has directed Vedanta to pay Rs.77.6 crore plus 18% interest to Cairn UK Holdings Limited for delayed dividend payments spanning from January 22, 2014, to June 20, 2017. The directive resulted from a complex legal and financial dispute, signaling SEBI’s commitment to enforcing corporate governance and financial fairness. The order also has significant implications for Vedanta’s corporate governance, including a temporary ban on the company’s Vice-Chairman and other executive directors from accessing the securities market.
