Two awards, one passed in 2004 and the other in 2016: the Supreme Court has slammed the Centre for stalling the Vedanta arbitral awards, and dismissed its appeal against a Delhi High Court judgment allowing their enforcement. New Delhi: The Union’s appeal against enforcement of the Vedanta arbitral awards has failed. The Supreme Court on […]
![[Sterlite Firing Incident] Police Acted on One Particular Industrialist's Orders: Madras HC](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/07/image-93.png?resize=276%2C182&ssl=1)
Today, On 15th July, The Madras High Court urged the Tamil Nadu government to investigate whether police officers involved in the 2018 Sterlite firing received financial benefits from an industrialist. The court expressed suspicion that the firing was orchestrated to send a message to the people and ordered a thorough investigation into the assets of the officers involved.
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.
