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Homebuyer can seek compensation for delayed delivery after taking possession: SC
Homebuyers can pursue compensation for delayed flat delivery even after taking possession, the Supreme Court ruled. The apex court overturned a previous order that denied a buyer's consumer status post-possession. The court emphasized that a claim for delayed possession arises before delivery and subsequent acceptance doesn't negate the right to seek adjudication. The case was sent back for a decision on merits.
Dividend stocks: LIC, Asian Paints, 28 others to remain in focus next week
Dividend stocks: CARE Ratings, Supreme Industries, Sona BLW Precision Forgings, and Allied Blenders and Distillers are among the companies that will go ex-dividend next week
Deccan Gold Mines ends sharply higher after Supreme Court upholds pre-2015 mining lease rights
Deccan Gold Mines surged 17.79% to end at Rs 193.05 after the country's apex court upheld the vested rights of mining lease applicants who received approvals and clearances prior to the 2015 amendments to the MMDR Act.
Deccan Gold Mines shares rally 20% to fresh lifetime high after this Supreme Court order
Deccan Gold Mines shares surged significantly after the Supreme Court ruled in its favor. The apex court upheld the company's mining lease rights for the Ganajur Gold Project, established before 2015. This decision protects legacy mining applications from new auction mandates. The ruling clears the path for the company's project in Karnataka, which holds substantial gold resources.
TV broadcasters may move Apex Court against Delhi HC ruling on advertisement cap
TV broadcasters plan to challenge a Delhi High Court ruling in the Supreme Court. The court upheld Trai's power to limit TV ads to 12 minutes per hour. Broadcasters fear this will hurt their revenue. The Indian TV industry relies heavily on advertising income. This decision could impact their business significantly.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
Delta Corp plunges after apex court backs 28% GST on online gaming bets
Delta Corp tumbled 16.05% to Rs 67.99 after the Supreme Court upheld the government's retrospective 28% GST levy on the full face value of bets placed on gaming platforms
Delta Corp shares tank 16%. What’s triggering the sharp selloff?
Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The apex court ruled that online gaming platforms qualify as actionable claims under GST law and backed retrospective application of the amendments. Gaming firms had opposed the tax demand, arguing it contradicts decades of legal precedent distinguishing gaming from gambling.
SC stays ₹890 crore GST demand against Tata Steel in ITC dispute
Supreme Court of India has granted a stay on further proceedings in a GST input tax credit dispute involving a tax demand of ₹890.52 crore for the period FY2018-19 to FY2020-21, informed Tata Steel.
Ban on sale of alcohol in tetra packs? SC seeks Centre's view
The Supreme Court has flagged alcohol sold in tetra packs and sachets as deceptive. Notices have been issued to the government and manufacturers like Globus Spirits and Wave Distilleries. The court is concerned about inconspicuous packaging that may resemble fruit juices. This packaging lacks clear warnings and potentially targets underage consumers. The next hearing is scheduled for August 10.
Supreme Court reserves verdict again on Yes Bank’s ₹8,415-crore AT1 bond write-off
After withdrawing its previous reserved judgement in February, the apex court concluded fresh hearings and examined Cabinet records to decide if the administrator of the bank’s 2020 rescue plan bypassed legal procedures.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers' claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.