The NLU Odisha administration called the ongoing student protests “illegal” and accused the students of using “arm-twisting” tactics. The students started an indefinite protest, saying the administration has failed to solve their long-standing problems. They claim their issues have been ignored, forcing them to take this step. The administration’s statement has added to the tension between both sides.
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.
The Bombay High Court’s recent ruling sets strict guidelines for banks labeling borrowers as wilful defaulters under RBI’s directives. The judgment emphasizes transparency and fair process, following the IL&FS Financial Services Ltd case. It mandates banks to provide all necessary documents to accused parties, ensuring principles of natural justice. This landmark decision highlights the importance of fairness and transparency in the banking sector.
