Supreme Court
Latest news, explainers and analysis on Supreme Court. Tracking 18 stories on Arth Vani.
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Latest on Supreme Court
BreakingSC Directs RBI to Mandate Banks Compensate Cyber Fraud, Digital Arrest Victims
The Supreme Court has issued a significant directive to the Reserve Bank of India (RBI), urging it to formulate clear guidelines for banks to compensate victims of cyber fraud and 'digital arrest'. This move aims to provide a safety net for individuals who suffer financial losses due to increasingly sophisticated online scams.
SC Ruling Impacts Yes Bank's Risk Equity Capital
A Supreme Court (SC) ruling has reportedly impacted Yes Bank's risk equity capital. Specific details regarding the ruling and its exact financial implications for the bank are not available in the provided source material.
BreakingYes Bank Q2 Profit Jumps 65% to ₹1,080 Cr, But AT1 Bond Ruling Looms
Yes Bank reported a significant 65% year-on-year increase in its second-quarter net profit, reaching ₹1,080 crore and exceeding analyst forecasts. However, the bank noted that it would have incurred a substantial loss of ₹5,217 crore had it factored in the Supreme Court's decision to set aside its AT1 bond write-off, a ruling the bank is currently evaluating for its financial and legal implications.
BreakingYes Bank Faces Significant Capital Reduction After Supreme Court Reverses ₹6,600 Cr AT1 Bond Write-Down
The Supreme Court has reversed the earlier write-down of over $800 million (approximately ₹6,600 crore) in Yes Bank's Additional Tier-1 (AT1) bonds. This ruling could significantly lower the bank's Common Equity Tier-1 (CET1) capital ratio to 11-11.5%, impacting its financial standing.
BreakingSupreme Court Orders Yes Bank to Repay ₹8,415 Crore AT1 Bonds
The Supreme Court has upheld the Bombay High Court's decision, mandating Yes Bank to repay ₹8,415 crore in Additional Tier-1 (AT1) bonds. These bonds were controversially written off during the bank's restructuring in 2020. The ruling confirms that the administrator lacked the authority to write down these securities, obligating Yes Bank to repay the bondholders along with accrued interest.
BreakingSupreme Court Upholds Yes Bank AT1 Bond Repayment Order of ₹8,415 Crore
The Supreme Court has confirmed the Bombay High Court's decision, obligating Yes Bank to repay ₹8,415 crore worth of AT1 bonds. This ruling reverses the 2020 write-off by the bank's administrator, bringing relief to bondholders who had challenged the move.
BreakingSC: Electricity Subsidies for Operational Costs Are Taxable Revenue Receipts
The Supreme Court has ruled that electricity subsidies provided to businesses specifically to reduce their operational costs must be treated as taxable revenue receipts. This clarifies the tax treatment of such subsidies, distinguishing them from capital subsidies.
BreakingSupreme Court Flags High Cancer Drug Prices, Urges Government Price Cap
The Supreme Court has expressed serious concern over the exorbitant pricing of essential medicines, particularly cancer drugs, sold with huge markups. Justices Vikram Nath and SVN Bhatti urged the government to consider a uniform pricing rule to cap Maximum Retail Prices (MRPs), highlighting the burden on ordinary people and taxpayers.
EY India Takes Cross-Border Employee Tax Dispute to Supreme Court
EY India has escalated its tax dispute concerning cross-border employee secondments to the Supreme Court. The case revolves around whether services provided by expatriate employees should attract Goods and Services Tax (GST) under a reverse charge mechanism.
Fortis Healthcare Distances Itself From Daiichi-Singh Brothers Dispute Amid SC Audit
Fortis Healthcare has stated it is not involved in the ongoing legal dispute between Daiichi Sankyo and the Singh Brothers. This comes after the Supreme Court allowed a forensic audit into the matter, reaffirming that Fortis faces no penalties or liabilities from the High Court's judgment.
BreakingCentre Challenges High Court's Ruling on Income Tax Act Section 147A in Supreme Court
The Indian government has approached the Supreme Court to challenge various High Court decisions that struck down Section 147A of the Income Tax Act. This legal battle concerns the validity of reassessment proceedings initiated after April 1, 2021, creating uncertainty for taxpayers who have received such notices.
BreakingSC Orders RBI to Enforce Strict Vehicle Loan Repossession Rules; NBFC CIFCL Fined
India's Supreme Court has directed the Reserve Bank of India (RBI) to strictly enforce guidelines on vehicle loan repossessions, emphasizing the need for fair and transparent procedures. This directive comes after CIFCL, an NBFC, faced a penalty for non-compliance, signaling enhanced scrutiny on lenders.
Fortis Healthcare May Appeal Delhi HC Ruling in Daiichi Sankyo Case
Fortis Healthcare is reviewing a Delhi High Court order for a forensic audit concerning the Daiichi Sankyo arbitration case. The ruling could lead to a significant contingent liability, potentially requiring Fortis to pay compensation, prompting consideration of an appeal to the Supreme Court.
US Supreme Court Upholds ₹391 Crore FCC Fine Against Verizon in Data Privacy Case
The US Supreme Court has rejected telecom giant Verizon's bid to reclaim a ₹391.2 crore fine imposed by the Federal Communications Commission (FCC). The fine was levied for Verizon's alleged unlawful sharing of customer location data without proper consent, a decision that underscores global emphasis on data privacy.
BreakingEPS Pension Hike Demand: Rs 1,000 to Rs 7,500 Minimum Pension?
Pensioners are pushing for a significant increase in the minimum Employees' Pension Scheme (EPS) pension, from the current ₹1,000 to ₹7,500 per month. The government has assured that existing pensions are adequately funded and is committed to social security, but emphasizes fund sustainability.
BreakingHomemakers' Work Valued at ₹30,000 Monthly: Higher Payouts for Road Accident Victims
A landmark Supreme Court ruling has set a ₹30,000 monthly benchmark for unpaid household work, acknowledging the economic value of homemakers. This decision is set to significantly boost the compensation families receive in motor accident insurance claims.
Deccan Gold Mines Hits All-Time High After Landmark Supreme Court Ruling
Shares of Deccan Gold Mines surged 20% to reach a record high following a favorable Supreme Court order regarding its Ganajur project. The court upheld the company’s legacy mining rights, exempting them from the newer auction mandates.
Supreme Court Empowers SEBI to Penalize Market Fraud Even Without Quantifiable Losses
The Supreme Court has ruled that SEBI can penalize market manipulators based on the 'injury' caused to investors, even if the exact financial loss cannot be calculated. This landmark decision simplifies the legal framework for punishing fraud in the Indian stock market.
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