A petition filed in the Delhi High Court seeking regulation of cryptocurrencies and an investigation into the recent BitBNS crisis. BitBNS, a prominent Indian cryptocurrency exchange, faced backlash after users reported withdrawal freezes, sparking concerns among investors. The court has now directed the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to respond to the issue. This case highlights the growing need for stronger oversight in India’s cryptocurrency sector.
The Telangana High Court has granted the CBI permission to prosecute former Global Trust Bank’s Chairman and Managing Director Ramesh Gelli and Executive Director Sridhar Subasri for financial misconduct. This overturns a previous ruling and establishes that they qualify as public servants, paving the way for their prosecution under the Prevention of Corruption Act.
The Calcutta High Court has ruled that maternity benefits must be provided equally to both regular and contractual female employees. The case involved a contractual executive intern at the Reserve Bank of India who was denied maternity leave. The court emphasized that denying such benefits is discriminatory and violates the Maternity Benefits Act, 1961.
