NSE has today filed a defamation suit against an organization for publishing what it called unsubstantiated and misleading reports against the exchange. The suit also names the officials of the organization that published such reports, the exchange said. “The exchange has sought withdrawal of those reports etc, as well as, has made a claim of […]
The National Consumer Rights Redressal Commission, India’s top consumer court, has reversed orders by lower foras that had awarded damages in lieu of a registered post that was lost in transit by India Post. Presiding member Justice JM Malik set aside the orders of district and Chhatisgarh state consumer commission after holding that India Post […]
FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]
Giving relief to a builder, the National Consumer Disputes Redressal Forum has asked the Punjab State Consumer Disputes Forum to determine whether someone who buys a real estate property without the intention of living in it can be given protection under consumer laws. In a case involving delay in the hand-over of flats, real estate […]
India’s largest carmaker Maruti Suzuki India Ltd has said it won’t have to pay the Rs 4.7 bln fine imposed on it by the Competition Commission of India due to a Delhi High Court order. The competition commission had, in an order on Monday, found car manufactures to be indulging in anti competitive conduct and […]
In a significant judgment, a Supreme Court bench headed by Chief Justice of India R.M. Lodha has ruled that truth can be a valid defence in contempt of court cases, and dismissed a case filed by BJP leader Subramanian Swamy against journalist Arun Shourie. In his petition filed in 1990, Swamy had requested contempt of […]
Real Estate builder Emaar MGF has been penalized by the National Consumer Disputes Redressal Commission for “deceptive practice” for “mischievously and cleverly” not giving a fixed delivery date before taking 11 lakhs from the customer for plot in Mohali. The Commission found that Emaar MGF had induced its customer to pay more than Rs 11 […]
The National Alliance of People’s Movements has opposed any move by the government to dilute the strict provisions of the Land Acquisition, Resettlement and Rehabilitation Act of 2013. The Act, which was championed by Jairam Ramesh during his tenure as the environment minister, puts tough conditions on the forcible acquisition of citizens’ land by the […]
The Indian Stock Markets regulator has proposed regulating the raising of funds through crowdfunding platforms in India. Crowdfunding refers to the use of websites like Kickstarter.com by small companies and individuals to raise donations, debt or equity from a large number of users, usually in the tens of thousands or even millions. The Securities and […]
Despite a clarification by the Department of Telecom, several consumer disputes redressal fora in India continue to reject billing and service related disputes against telecom operators. The Department of Telecom had issued a clarification on February 4 this year that private telecom companies cannot be identified with the “Telegraph Authority” of India as defined in […]
The National Consumer Disputes Redressal Commission has ordered Bajaj Allianz insurance company to not block compensation to the family of a person who died of a cardiac arrest during a fall. Bajaj Allianz had refused to pay Rs 4 lakh claiming that the person was insured only for accidents and that the person must have […]
India would be the third largest aviation market by 2020 and is expected to be the largest by 2030, a survey by KPMG and FICCI has found. Despite facing a reduced growth rate in the past few years, the Civil Aviation Industry in India has ushered in a new era of expansion driven by factors such as […]
