SUPREME COURT

Supreme Court junks Supertech plea over ‘settlement’ order (DEC 16, 2022)

The Supreme Court on Thursday dismissed Supertech Realtors’ appeal against a Delhi High Court’s order that held that the one-time settlement (OTS) entered into between the consortium of banks and the relator is purely a contract and any alteration of its terms by the borrower can be done only through mutual consent.  

The company's account was classified as NPA in 2018 after it could not repay a loan of Rs 678 crore that was disbursed by the consortium of lenders comprising Union Bank of India, Bank of Maharashtra, Central Bank of India and Oriental Bank of Commerce for the 'Supernova' project in Noida, Uttar Pradesh.

For News Report, Click Here

Supreme Court comes to the rescue of man sentenced to 18 years in jail for serial electricity theft (DEC 16, 2022)

Setting aside the high court judgment, the SC on Friday ordered the release of the man sentenced to 18 years in jail in nine separate cases of electricity theft.  As per the trial court’s order of consecutive sentences, the person has to undergo 18 years of imprisonment in nine cases, although he had made a plea bargain.

For Details, Click Here

Kerala High Court

Kerala High Court concerned as innocent persons becoming victims of false cases under SC/ST Act (DEC 16, 2022)

A bench of Justice A. Badhurudeen said it was shocking that many innocent persons are victims of false implication and, therefore, courts must pay great attention to the details when it comes to cases under the SC/ST Act.

The court made these observations while considering an appeal moved by a woman against the order of a Special Judge under the SC/ST (POA) Act that refused to grant her anticipatory bail in a crime alleging commission of offence punishable under Section 3(1)(s) of the SC/ST (POA) Act.

For News Report, Click Here

NEWS AT GLANCE

  • India successfully carries out night trials of nuclear-capable Agni-five missile.  
  • Nation celebrates Vijay Diwas today to mark victory of 1971 Bangladesh Liberation War.  
  • Issue of vacancies in higher judiciary will linger till new system is created, says, Law Minister Kiren Rijiju. 
  • Centre is making coordinated efforts to ensure people do not fall prey to dubious Chinese apps, Says Finance Minister Nirmala Sitharaman.

WORD OF THE DAY

Ex concessis - In view of what has already been accepted

MARKET TODAY (as on 16.12.2022)

BSE SENSEX                   61,337.81 INR▼ -461.22 (-0.75%)                    

NIFTY 50                       18,269.00 INR▼ -145.90 (-0.79%)

1 US Dollar = 82.68 Indian Rupee (Last updated · 16 December at 1:16 pm UTC)

MyLawman is now on Telegram (t.me/mylawman) Follow us for regular legal updates. Follow us on Google News, Instagram, LinkedIn, Facebook & Twitter or join our Whatsapp group .You can also subscribe for our Newsletter for Email Updates.