Today, On 2nd December, in the Jio-Facebook Case, Supreme Court declines to interfere with SEBI’s Rs.30 lakh penalty on Reliance, holding that the findings raised no substantial question of law. The decision leaves intact SEBI’s action over delayed disclosure of the deal leak.
On May 31, 2018, the Enforcement Directorate (ED) imposed significant penalties on several individuals and entities, including Rs 10.65 crore on Lalit Modi. The Bombay High Court later fined Modi Rs 1 lakh for filing a frivolous petition against the BCCI, ruling that no writ could compel the BCCI to pay his penalty.
The Supreme Court on Friday (20th Dec) addressed a plea alleging illegal construction near Uttarakhand’s Rajaji National Park, questioning its legitimacy. If violations are found, demolition may occur; otherwise, a penalty may be imposed. The court noted concerns about road construction breaching wildlife protection laws, emphasizing the need for compliance and accountability in environmental matters.
The Telangana High Court dismissed a petition to block the release of Pushpa 2: The Rule, claiming it could glorify illegal activities, similar to its predecessor. Justice Moushumi Bhattacharya found the allegations speculative and criticized the petitioner for wasting judicial time, imposing a penalty while confirming the film’s compliance with regulations.
The Supreme Court criticized the National Green Tribunal for imposing a Rs. 25 crore penalty on Benzo Chem Industrial Private Limited based on revenue without evidence of environmental violations. Justices emphasized that penalty determination must align with legal principles, stressing revenue should not influence penalties and highlighting violations of natural justice in the NGT’s decision.