Enforcement Directorate raids Amnesty International premises in Bangalore for alleged violations of FCRA and for illegally receiving foreign funding of Rs. 36 crores.
Amway took the e-commerce giant Flipkart to the court for allowing unauthorised and illegal selling of Amway products on its platform thereby violating the Direct Selling Guidelines issued by the Government.
The U.S Court, in his recent judgment, has approved of the settlement between SEC and Elon Musk for the securities fraud following Elon Musk’s infamous tweet
The deadline given by RBI for storage of payment system data on Indian servers expired on October 15, 2018. One must wait and see how the RBI sketches out the next steps for the defaulters.
Delhi court orders attachment of liquor baron Vijay Mallya’s properties in Bangalore. This order comes months after he was declared a ‘proclaimed offender’ by the Court.
Supreme Court holds ArcelorMittal and Numetal not eligible to bid for Essar Steel unless they pay off the outstanding dues of Rs. 7000 crores thereby upholding Section 29A (c) of the IBC.
IL&FS is debt-ridden and it is feared that this will lead to a financial crisis similar to what transpired in USA when Lehman Brothers announced their bankruptcy. Government has intervened to stop the situation from worsening.