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1. Madras High Court adjourns Pallikaranai construction ban cases to August 20

Madras High Court adjourns Pallikaranai construction ban cases to August 20 The Madras High Court, on Tuesday, adjourned to August 20, 2026, the hearing on a batch of cases, including the one filed by

Madras High Court adjourns Pallikaranai construction ban cases to August 20

Madras High Court adjourns Pallikaranai construction ban cases to August 20 The Madras High Court, on Tuesday, adjourned to August 20, 2026, the hearing on a batch of cases, including the one filed by CREDAI-Chennai chapter, challenging the ban imposed by the National Green Tribunal (NGT) on new construction approvals on 8,584.44 acres of land located within a distance of 1 km around the boundaries of Pallikaranai marsh land, a Ramsar site. First Division Bench of Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan said they were inclined to set aside the blanket ban imposed by the NGT even before the determination of the ‘zone of influence’ around the wetland. They, however, did not want the lifting of the ban by the court to be mistaken as licence for indiscriminate constructions around the marshland. The judges insisted there must be a balance between the need to preserve the environment by protecting the sources of water to the wetland and the need for infrastructure development. Balasubramaniam to come up with suggestions on areas where constructions could be permitted and those where they could be banned until the final determination of ‘zone of influence.’ The judges granted two weeks’ time to submit the suggestions and said they shall pass further orders after analysing the matter in detail.

2. Out On Bail In 2023 Rape Case, Jharkhand Man Lynched Over Fresh Allegation

Out On Bail In 2023 Rape Case, Jharkhand Man Lynched Over Fresh Allegation Police forces have been deployed in the area to maintain law and order.

Out On Bail In 2023 Rape Case, Jharkhand Man Lynched Over Fresh Allegation

Out On Bail In 2023 Rape Case, Jharkhand Man Lynched Over Fresh Allegation Police forces have been deployed in the area to maintain law and order.

3. IDFC Bank Fraud Accused Caught In Hotel, Cops Allege Bid To Escape Custody

IDFC Bank Fraud Accused Caught In Hotel, Cops Allege Bid To Escape Custody The accused and the police officers have been named in the First Information Report (FIR).

IDFC Bank Fraud Accused Caught In Hotel, Cops Allege Bid To Escape Custody

IDFC Bank Fraud Accused Caught In Hotel, Cops Allege Bid To Escape Custody The accused and the police officers have been named in the First Information Report (FIR).

4. Punjab and Haryana High Court seeks report from DRT-III after plea alleges delay in adjudication of reserved cases

Punjab and Haryana High Court seeks report from DRT-III after plea alleges delay in adjudication of reserved cases The Punjab and Haryana High Court on Monday directed the Debts Recovery Tribunal (DRT

Punjab and Haryana High Court seeks report from DRT-III after plea alleges delay in adjudication of reserved cases

Punjab and Haryana High Court seeks report from DRT-III after plea alleges delay in adjudication of reserved cases The Punjab and Haryana High Court on Monday directed the Debts Recovery Tribunal (DRT-III), Chandigarh, to submit a report about the cases in which orders have been reserved for over three months. A Division Bench of Justice Jusgurpreet Singh Puri and Justice Sanjiv Berry passed the order in a plea moved by Jairath Dyeing and Finishing which said that its case before the DRT was reserved for final orders on April 06 but no order has been pronounced till date. The Court asked the DRT-III to submit a report with regard to the case before August 17. "In addition to the above, DRT-III, Chandigarh, shall also submit a report giving details of those cases in which orders have been reserved for more than three months and have not been pronounced as yet," the Bench directed further. Jairath Dyeing and Finishing, a proprietorship engaged in manufacture and export of knitted cloth and readymade garments, had filed a securitization application before DRT-III in March. The plea challenged Indian Bank's decision to sell the properties mortgaged by the proprietorship in relation to a cash credit facility sanctioned to it in 2011. The loan account had earlier been classified as a Non Performing Asset (NPA) as the proprietorship failed to pay the outstanding dues. The Court was told that the securitization application was heard on April 06 and the case was adjourned to April 18 for pronouncement of final order but till date neither the final order has been passed nor there is any update about the status of the case.

5. SEBI closes case against Religare, Rashmi Saluja for non-cooperation with Burman open offer

SEBI closes case against Religare, Rashmi Saluja for non-cooperation with Burman open offer The Securities and Exchange Board of India (SEBI) has closed proceedings against Religare Enterprises Limite

SEBI closes case against Religare, Rashmi Saluja for non-cooperation with Burman open offer

SEBI closes case against Religare, Rashmi Saluja for non-cooperation with Burman open offer The Securities and Exchange Board of India (SEBI) has closed proceedings against Religare Enterprises Limited (REL), its former Executive Chairperson Rashmi Saluja and five directors over their alleged failure to cooperate with the Burman Group’s open offer for REL. The markets regulator disposed of the interim order-cum-show cause notice issued on June 19, 2024 without passing any further directions. SEBI noted that the open offer had since been completed and that the Burman Group had assumed control of REL. Therefore, the principal issue underlying the proceedings had already been resolved. “Consequently, where the alleged irregularity has already been cured and the corrective steps have been fully implemented, the very object of a remedial direction stands satisfied,” the July 31 order said. The proceedings were initiated against REL, Saluja and directors Malay Kumar Sinha, Hamid Ahmed, Praveen Kumar Tripathi, Ranjan Dwivedi and Preeti Madan. The dispute arose after MB Finmart Private Limited, Puran Associates Private Limited, VIC Enterprises Private Limited and Milky Investment & Trading Company, collectively referred to as the Burman Group, announced an open offer for REL in September 2023. The Burman Group, which then held 21.54 per cent in REL, proposed to acquire a further 26 per cent at ₹235 per share for a total consideration of about ₹2,116 crore. Between October 2023 and June 2024, REL made several representations to SEBI objecting to the proposed offer and raising concerns about the acquirers.

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