POPULAR


Ratna Singh (Bar  and   Bench) 10 January 2025
The Bombay High Court recently criticised the Indian Overseas Bank (IOB) for apathetically refusing to roll back a decision to transfer an employee to Chennai on promotion, even though the employee was willing to give up the promotion to take care of her disabled child in Mumbai.   A Bench of...

Read More



Moneylife Digital Team 14 January 2025
In cases where the sale deed requires registration, ownership does not pass until the deed is registered, even if possession is transferred and consideration is paid without the registration, reiterated the Supreme Court. Further, it held that a public auction cannot be set aside until there is...

Read More



Moneylife Digital Team 10 January 2025
Reserve Bank of India (RBI) has imposed penalties of Rs19.50 lakh on four cooperative Banks and a non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs17.50 lakh has been imposed on Janata Sahakari Bank Ltd from...

Read More



Moneylife Digital Team 21 January 2025
In a significant move to safeguard home-buyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of more than 1,950 real estate projects that have failed to progress as promised. This step is part of the Authority's efforts to enforce compliance and...

Read More



Shirish Shanbhag 09 January 2025
Navigating the complexities of cooperative housing society (CHS/the Society) management often brings residents face-to-face with intricate issues, from maintenance charges to administrative missteps and disputes over rights. This week's column addresses three pressing concerns faced by the...

Read More



An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

Read More



Moneylife Digital Team 22 January 2025
In a historic order on accountability, the adjudicating authority (AA), under the Information Technology (IT) Act, held Axis Bank responsible for failing to ensure reasonable security practices and procedures which directly contributed to unauthorised transactions from a customer's account. The...

Read More



Moneylife Digital Team 27 December 2024
The Securities and Exchange Board of India (SEBI) order about the affairs of Bharat Global Developers Ltd. (BGDL), a company listed on the Bombay Stock Exchange (BSE), paints a picture of a multi-faceted scheme involving preferential allotments, false corporate announcements and a meteoric rise...

Read More



Shirish Shanbhag 26 December 2024
Navigating the complexities of cooperative housing society (CHS/Society) management often requires a nuanced understanding of the rules, bye-laws, and processes that govern day-to-day operations and long-term planning. This week, we address some common yet challenging scenarios faced by CHS...

Read More



At a time when the Securities and Exchange Board of India (SEBI) has itself come under a cloud, an ex-parte order, issued on 2nd January against Ketan Parekh (KP) and 21 associates, makes for fascinating reading.    SEBI’s meticulous investigation (read: Ketan Parekh, 21 Others Caught in...

Read More



Young Indian Police Service (IPS) officer, Bhagyashree Navtake, who undertook a complex series of fraud investigations between 2020-2022, involving the Jalgaon-based Bhaichand Hirachand Raisoni Multi State Cooperative Credit Society Ltd (BHRC), following multiple complaints from its depositors,...

Read More



Moneylife Digital Team 02 January 2025
Coming down heavily on government authorities in regularising illegal constructions by condoning and ratifying the violations and illegalities, the Supreme Court (SC) ruled that all the necessary service connections, such as electricity, water supply and sewerage and loans, should be given by...

Read More



Moneylife Digital Team 03 January 2025
Reliance Industries Ltd (RIL) recently completed a significant acquisition by purchasing a 74% equity stake in Navi Mumbai IIA Pvt Ltd (NMIIA), a company managing one of Maharashtra’s largest industrial land parcels. This acquisition, valued at Rs1,628.03 crore, marks a pivotal shift in the...

Read More



Moneylife Digital Team 08 January 2025
Deven Sangoi, a seasoned asset management professional, and his sister, Meghana Gosar, have paid Rs91 lakh and agreed to a six-month debarment from markets to settle a case of front-running with market regulator Securities and Exchange Board of India (SEBI). Ms Gosar also agreed to disgorge...

Read More



Moneylife Digital Team 20 January 2025
Expressing reservations about the speed at which the assessment officer (AO) re-opened assessment proceedings after four years and passed an assessment order without furnishing the reasons, the Bombay High Court (HC) quashed the proceedings initiated against a taxpayer.    In an order last...

Read More



In early November, I wrote a piece suggesting that the Indian economy is functioning as expected: muddling along. It rarely falls into a full-blown recession, but it also struggles to achieve sustained acceleration. This observation was immediately illustrated when India’s gross domestic...

Read More



KBS Sidhu 27 December 2024
Enron Rises from the Ashes: A Controversial Comeback   Enron is back! The same Enron that burned hotter than the sun and fell just as spectacularly in 2001, marking one of the most infamous corporate implosions in history. The energy titan’s reemergence has rekindled memories not just of...

Read More



If there is one area where the government and its regulators cannot be faulted, it is their tireless effort to warn citizens about cybercrime and fraud. All regulators, banks, stock exchanges, depositories, financial intermediaries and telecom companies are now mandated to warn people about...

Read More



KBS Sidhu 03 January 2025
Adani Bribery Criminal and Civil Trials To Be Synchronised In a landmark decision, a New York federal court has ruled that the criminal and civil trials involving Indian billionaire Gautam Adani, though distinct legal proceedings, will be presided over by the same judge, US District Judge...

Read More



Moneylife Digital Team 26 December 2024
Holding two chartered accountant (CA) partners from Haribhakti & Co LLP responsible for failing to meet the relevant requirements of the standards on auditing (SA), serious lapses and absence of due diligence in the audit of DB Realty Ltd (DBRL), the national financial reporting authority...

Read More

Free Helpline
Legal Credit
Feedback