DIRS.INFO The most relevant business & tech news

The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. A hearing for Barclays' appeal to the Bombay High Court is listed for Oct. 20, court records show. They declined to comment on the specifics of the Indian case. Gupta has also appealed to the Bombay High Court, court records show, arguing the pay-out awarded was too low, the source familiar with the appeals said. Last year, Gupta also filed a secondary civil case against Barclays, another court filing shows.

Persons: Atul Gupta, Jes Staley, Francesca West, Gupta, Arpan Chaturvedi, Sinead Cruise, Alexander Smith Organizations: Barclays, Reuters, Financial, Authority, FCA, Global Service Centre Private Limited, Bombay High Court, Thomson Locations: Indian, Pune, Bombay

☆ Indian court seeks govt response on comedian's challenge to IT rule changes
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, April 11 (Reuters) - An Indian court on Tuesday directed the government to respond to an appeal submitted by a comedian challenging recent changes to the country's IT rules, which prevent social media platforms from hosting information that the government terms "fake". The rules dictate that social media platforms "make reasonable efforts" to not "publish, share or host" any information relating to the government that is identified as "fake, false or misleading" by a government appointed fact-checking unit. The Bombay High Court, hearing a petition filed by comedian Kunal Kamra, asked the government to file a reply on the plea and scheduled the next hearing for April 21. In his petition, Kamra said that the amendments "constitute unreasonable restrictions to freedom of speech and expression". Prime Minister Narendra Modi's government has been in repeated tussles with various social media platforms when they failed to take down certain content or accounts that it accused of spreading misinformation.

☆ India’s Highest Court Orders Probe Into Adani Market Turmoil
▼ + stars: | 2023-03-02 | by ( Weilun Soon | ) www.wsj.com time to read: 1 min

The Supreme Court of India formed a committee to investigate the cause of the market turmoil that has engulfed billionaire Gautam Adani’s namesake conglomerate, saying it would look for regulatory failures or securities-law violations that could have contributed to a massive selloff in the group’s stocks. The inquiry by the six-person panel adds to an investigation that is already being conducted by the country’s securities and markets regulator. The new expert committee will be chaired by a former Supreme Court judge and includes two bankers, a lawyer, an entrepreneur and a retired Bombay High Court judge. It has been given two months to come up with a report, according to a court order on Thursday.

☆ India's Yes Bank has 'strong' grounds to appeal ATI bonds court order, CEO says
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Jan 21 (Reuters) - India's Yes Bank (YESB.NS) has "strong" legal grounds to appeal against a court order quashing the write-off of its additional Tier-1 (AT1) bonds, Chief Executive Officer Prashant Kumar said on Saturday. "The judgment in itself is not questioning the regulatory guidelines in terms of writing off (AT1 bonds). "We have strong legal advises and opinions which interpret the issue in a different way and that makes a strong ground for us to appeal in the Supreme Court." The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. Yes Bank said in a stock exchange filing late on Friday it is in the process of preparing an appeal to the Supreme Court.

☆ India court quashes write-off of Yes Bank's AT1 bonds -legal sources
▼ + stars: | 2023-01-20 | by ( Jayshree Pyasi | ) www.reuters.com time to read: +1 min

MUMBAI, Jan 20 (Reuters) - The Bombay High Court, in an oral pronouncement on Friday, quashed the write-off of additional Tier-1 (AT1) bonds issued by Yes Bank Ltd (YESB.NS), said legal sources with direct knowledge of the matter. The final order is yet to be uploaded on the court website and the bank can choose to appeal in Supreme Court. The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. This feature was invoked in the case of Yes Bank. "The Court has granted Yes Bank 6 weeks to implement the order," said Sinha.

India has long grappled with an epidemic of violence against women and girls in the deeply patriarchal country. And campaigners say the alleged involvement of a woman in this latest case demonstrates the scale of internalized misogyny in society. ‘Loopholes in every corner’Dixit, the police official, said the alleged rape took place around three months ago in Mainpuri – about 270 kilometers (167 miles) southeast of India’s capital, New Delhi. But activists say in the seven years since its implementation, little has been done to empower women and girls, and violent crimes against women persist. Those beliefs appear to have played out in this case too, as the girl did not report her alleged rape for three months, according to Dixit.

Search resuls for: "Bombay High Court"

6 mentions found