In the Religare ESOP case, the ED summoned Senior Advocate Pratap Venugopal over a legal opinion obtained by Care Health Insurance from Arvind Datar concerning ESOPs issued to ex-Religare chairperson Rashmi Saluja. Investigation continues.
The Madras High Court Advocates’ Association condemned the Enforcement Directorate’s notice to Senior Advocate Arvind Datar as an attack on legal independence. The summons, regarding Datar’s professional legal opinion, faced nationwide backlash from legal associations. Although the ED later withdrew the notice, concerns about undermining attorney-client confidentiality persist among lawyers across India.
The Supreme Court of India has issued a notice to the Central Government and the IRDA regarding a petition from Sanvedana Foundation, challenging the exclusion of epilepsy from health insurance. The petition argues this exclusion violates fundamental rights under Articles 14 and 21, threatening equality and access to treatment for individuals with epilepsy.
![[Rs 5,100 Crore Scam in Axis Bank-Max Life Deal] Delhi High Court Urges RBI and SEBI to Conclude Probe "without delay"](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-63-2.png?resize=447%2C367&ssl=1)
The Delhi High Court dismissed Subramanian Swamy’s PIL alleging a Rs 5,100 crore scam in the Axis Bank-Max Life deal, directing SEBI and RBI to conclude their investigation promptly. Swamy accused Axis Bank of illegal gains through Max Life shares transactions and emphasized the need to prevent similar incidents. The Court noted broader concerns about corruption in the banking and insurance sectors.
On Wednesday, Axis Bank presented its opposition before the Delhi High Court regarding BJP leader Subramanian Swamy’s public interest litigation (PIL), which seeks an investigation into an alleged fraud committed by the bank in order to gain “undue profits” through the sale and purchase of shares in Max Life Insurance. The Delhi High Court Today […]
Dr. Subramanian Swamy has approached the Delhi High Court, alleging Rs 5,100 crore financial irregularity in the Axis Bank-Max Life deal. The case highlights breach of IRDAI directives and disparity in enforcement actions. The petition raises concerns about financial regulations and investor interests in India. The hearing has been postponed to March 13.